Jeff Bezos tops Forbes' billionaires list; Trump's rank drops

Trump's fortune has dropped by $400m according to Forbes

Trump's fortune has dropped by $400m according to Forbes

Despite the country's strong representation, the number of Filipino dollar billionaires dropped from the record 14 in 2017, with DoubleDragon Properties co-chairman Edgar "Injap" Sia II as well as DMCI Holdings founder David Consunji - who passed away past year - both off the list.

Amazon founder and CEO Jeff Bezos topped the list for the first time this year, according to Forbes.

According to Forbes, Bezos's wealth increased to $112 billion from about $73 billion a year ago due to Amazon's surging stock prices, 16% of which he owns.

The Amazon founder moved ahead of Bill Gates, who is now the second richest person globally with a fortune of $ 90 billion.

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Arnault is the chairman and Chief Executive Officer of LVMH Moet Hennessy Louis Vuitton the world's largest luxury-goods company.

Meanwhile, Trump, who became the first billionaire president in history past year, dropped to No. 766 on the list, with a $3.1 billion net worth.

Two Chinese billionaires rose to be among the 20 richest people in the world.

Pretty successful year: Overall, the billionaire class did an admirable job since Forbes' 2017 list.

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Mark Zuckerberg - The Facebook, Inc. Within the last year, the value of Trump Tower - the 5th Avenue-based former home of the president in the center of the most expensive retail real estate in Manhattan - declined $41 million this year, Forbes estimated. He's the first centibillionaire on the list with $112 billion.

Fortescue Metals Group chair Andrew Forrest was the next Australian mining identity to feature on the list in 480 spot with a $US4.4 billion fortune.

Forbes estimated that Trump lost around $1 billion in net worth in its 2017 ranking.

According to Forbes, Asia Pacific has the most billionaires at 827, followed by the United States at 585 and Europe at 559. As of February 9, Bezos' wealth stood at $112 billion as of February 9, up from about $73 billion past year, according to Forbes.

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All together, the billionaires on the list are worth $9.1 trillion.

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