Jeff Bezos Takes Top Spot on Forbes' Richest List; Donald Trump's Fortune Falls

Amazon Inc.  (AMZN) CEO Jeff Bezos is now the world's wealthiest person, according to Forbes' annual list of the richest people on the planet. Bezos' fortune rose by $39.2 billion over the past 12 months as Amazon's stock has jumped by nearly 60% during that time.

Bezos' fortune sits at $112 billion, followed by Microsoft Corp.  (MSFT) founder Bill Gates at $90 billion and Berkshire Hathaway Inc.  (BRK.B)  Chairman Warren Buffett at $84 billion.

Luxury goods magnate Bernard Arnault, leader of LVMH Moet Hennessy Louis Vuitton SE, saw his fortune rise by $30.5 billion last year. He is the richest European for the first time since 2012 and the fourth-richest person in the world.

Facebook Inc.  (FB) CEO Mark Zuckerberg rounded out the top five with a fortune of $71 billion.

President Donald Trump's fortune fell by $400 million, according to the magazine, and currently sits at $3.1 billion.

Republican booster brothers Charles and David Koch of Koch Industries shared the eighth spot, both with a fortune of $60 billion. 

Walmart Inc.  (WMT) execs S. Robson Walton and Alice Walton took the 15th and 16th spots with fortunes of $46.2 billion and $46 billion, respectively. Lukas Walton is the list's youngest entrant with a fortune of $15.9 billion. Alice Walton is the world's richest woman, followed by Francoise Bettencourt Meyers of the L'Oreal empire with a fortune of $42.2 billion. 

Alibaba Ltd.  (BABA) CEO Jack Ma is the world's 20th richest person with an estimated fortune of $39 billion. He is the second-richest person of Chinese decent on the list, behind Tencent Holdings Ltd.  (TCEHY) CEO Ma Huateng who checked in at No. 17 with a fortune $45.3 billion.

Forbes used the stock prices and exchange rates from Feb. 9, 2018, to compile its list while also valuing assets such as private companies, real estate, art and other things. 

Amazon, Microsoft and Facebook are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stocks? Learn more now.

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