Amazon founder Jeff Bezos tops Forbes rich list

Amazon founder and CEO Jeff Bezos has for the first time topped the list of the world's richest people published by Forbes magazine.

Bezos is estimated to be worth €90 billion up almost €32 billion from last year.

Bill Gates dropped to the number two spot, with a fortune estimated to be worth €72 billion.

Gates was the richest person in the world for 18 out of past 24 years.

The Oracle of Omaha, Warren Buffett is worth €69 billion dropping to the third spot, while Bernard Arnault, CEO of LVMH is ranked fourth with a fortune of €58 billion.

Arnault is the only non-American in the top five.

In the fifth spot is Facebook-founder Mark Zuckerberg with a fortune worth €57 billion.

Alibaba's Jack Ma rounds out the top 20 valued at €31 billion.

According to Forbes magazine, there are 2,208 billionaires in the world, up from 2,043 in 2017 with 259 new billionaires joining the club.