U.S. News

Forbes 400: Bill Gates Unseated as Richest Man by Jeff Bezos After 24 Years

PRIME POSITION

Meanwhile Donald Trump slipped 11 places down the rankings.

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Reuters / Joshua Roberts

There’s a new bazillionaire at the top of the Forbes 400 for the first time since 1994. Amazon founder CEO Jeff Bezos has unseated Bill Gates from the spot after a 24-year run—and became the first person to appear in the ranks with a fortune of more than $100 billion. The Bezos fortune jumped by an incredible $78.5 billion since last year. Gates is in second position, ahead of Warren Buffett and Mark Zuckerberg. Much further down the list, Donald Trump has dropped 11 places to No. 259, as his net worth remained the same from last year at $3.1 billion. Investor George Soros lost the most money over the year with his net worth falling to $8.3 billion from $23 billion—because he shifted $18 billion of his fortune to his charitable Open Society Foundations.

Read it at Forbes