• Contact Us
  • About Us
Sunday, February 1, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Uncategorized

Forbes names Amazon CEO world’s richest man

metro by metro
March 6, 2018
in Uncategorized
0
0
SHARES
0
VIEWS
Jeff Bezos
Jeff Bezos

The Forbes magazine has named the Amazon founder and chief executive, Jeff Bezos, as the world’s richest man with 112bn dollar fortune.

Bezos replaced the Microsoft co-founder, Bill Gates, who fell back into second place with 90bn dollars.

Read Also

Fighting lymphatic filariasis in Madagascar: Lives transformed and hope restored

Aleph Hospitality Signs Third hotel in Rwanda

KOICA strengthens WFP’s efforts to prevent malnutrition in Ethiopia

Forbes calculated that Bezos’s fortune, which is mostly held in Amazon shares, increased by 39.2bn dollars over the past year.

The biggest ever one-year gain. Amazon’s shares have nearly doubled from 846 dollars a share last March to 1,523 dollars per share last night.

Gates, who had topped the Forbes billionaires list for 18 of the last 24 years, saw his fortune rose modestly from 86bn to 90bn dollars.

Collectively, the world’s 2,208 billionaires hold 9.1tn dollars more than three times the gross domestic product (GDP) of the UK.

The billionaires increased their combined wealth by 1.4bn  dollars over the past year.

The list is published in Forbes’s latest edition under the headline “The super-rich continue to get richer, widening the gap between them and everyone else”.

Twelve out of the top 15 richest people are from the US, with investor Warren Buffett in third place (with $84bn) and Facebook’s Mark Zuckerberg in fifth ($71bn).

France’s Bernard Arnault of luxury goods group LVMH is the richest person from outside of the US with a $72bn fortune.

The number of women on the list increased from 227 to 256. A record 72 of the women made their own fortunes.

The world’s richest self-made woman is Hong Kong’s Zhou Qunfei, founder of smartphone screen maker Lens Technology.

The Forbes’ billionaires list is based on share prices and other financial data on 9 February 2018.

The magazine also noted that the U.S president Donald Trump’s fortune had fallen for the second year running in  annual ranking of the world’s wealthiest people.

It said that Trump’s net worth had fallen by $400m (£287m) to $3.1bn over the past year.

“ It means the president has slipped more than 200 places in the billionaire rankings from 544th richest last year to 766th this year,’’ it said.

The magazine attributed Trump’s decline in wealth to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign”.

Trump reached a 25m dollar settlement in a legal dispute about claims that his Trump University real estate courses allegedly defrauded students.

Trump fared better in Forbes’s ranking than in Bloomberg’s billionaires list, which put his net worth at 2.86bn dollars.

Forbes said a record 35 people have joined the list of the world’s billionaires, with the magazine calculating there are now 2,208 people with a net worth of more than 1bn dollars.

 

Tags: Amazon CEOJeff Bezosrichest man
Previous Post

Reps summon Okonjo Iweala, CBN Governor, Maina over alleged stolen pension funds

Next Post

AUPCTRE-IST declares indefinite strike

Related Posts

English News Releases

Fighting lymphatic filariasis in Madagascar: Lives transformed and hope restored

January 30, 2026
Business

Aleph Hospitality Signs Third hotel in Rwanda

January 29, 2026
English News Releases

KOICA strengthens WFP’s efforts to prevent malnutrition in Ethiopia

January 29, 2026
Business

Thales supports the Qatar Emiri Air Force in strengthening its air protection with the GM400α and the GM200MM/A radars air surveillance system

January 28, 2026
Next Post

AUPCTRE-IST declares indefinite strike

Fighting lymphatic filariasis in Madagascar: Lives transformed and hope restored

January 30, 2026
PDP  Commences Expanded Caucus Meeting At Wadata After Police Blockage 

Court Nullifies PDP National Convention In Ibadan

January 30, 2026
Resident Doctors Begin Nationwide Strike

NARD Gives FG Four-Week Ultimatum, Extends Strike Suspension

January 30, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version