The number of billionaires in the world has increased by 346, reaching a record total of 2,816 with wealth of $11.2 trillion, surging 66 percent from five years ago according to ranking agency Hurun’s latest global rich list.
China has 799 billionaires, 173 more than the US, and the two countries have over half of the billionaires on the planet.
Amazon founder Jeff Bezos takes the crown among these billionaires with wealth of $140 billion, followed by Bernard Arnault and Bill Gates with wealth at $107 and $106 billion respectively.
The total wealth of the top 5 billionaires is over $500 billion.
5. Larry Ellison – U.S.
Larry Ellison, 75, was worth $59 billion on March 18. In 1977, he founded Oracle, a software company and today he serves as the chairman of the board and the chief technology officer, according to Forbes.
4. Warren Buffett – U.S.
Warren Buffett, 89, was worth $67.5 billion on March 18. Buffett is one of the most successful investors of all time, according to Forbes. He also runs Berkshire Hathaway, which owns more than 60 companies.
Previously, Buffett was the third-wealthiest person in the world before Bernard Arnault took his spot this year.
3. Bernard Arnault & Family – France
Bernard Arnault, 71, and his family were worth $76 billion on March 18. Arnault is the CEO of luxury goods company LVMH, which includes Louis Vuitton and Sephora brands. Last year, the company bought Tiffany & Co. for $16.2 billion, which could be the largest luxury brand acquisition, Forbes reported.
2. Bill Gates – U.S.
Bill Gates, 64, was worth $98 billion on March 18, according to Forbes. Gates and his wife Melinda chair the Bill & Melinda Gates Foundation, which is the largest private charitable foundation in the world, Forbes reported.
1. Jeff Bezos – U.S.
Jeff Bezos, 56, is the richest man in the world, despite transferring a quarter of his Amazon stake to his ex-wife MacKenzie last summer, according to Forbes. He was worth $113 billion on March 18.
Bezos founded ecommerce giant Amazon in 1994 and is still the CEO of the company.