Forbes World's Billionaires list: Amazon founder Jeff Bezos replaces Bill Gates as World's richest with whopping USD 122 billion fortune

Amazon founder Jeff Bezos has topped the Forbes World's Billionaires list with a whopping fortune of USD 122 billion fortunes. 

Bezos' fortune surged by a massive USD 39.2 billion in 2017 - the largest up move in anyone's net worth recorded by Forbes last year - dethroning philanthropist and Microsoft co-founder Bill Gates, whose net worth is calculated at USD 90 billion. 

While Gates has topped the world's richest list 18 times over the last 24 years, the gap between his fortune and that of Bezos is the largest between two first-place moguls since 2001, according to Forbes.

American investor Warren Buffet - with an estimated fortune of $84 billion follows Bezos and Gates in the third place. Meanwhile Frenchman Bernard Arnault, the head of LVMH Moet Hennessy Louis Vuitton SE, with a net worth of $72 billion, climbing seven positions and Europe's richest person.

Facebook creator Mark Zuckerberg rounds out the top-5 list, with a net worth of $71 billion.

Spaniard Amancio Ortega, the founder of clothes retailer Zara, dropped to 6th place after losing USD 1.3 billion, his fortune now calculated at  USD 70 billion.

The magazine also reported that US President Donald Trump's net worth is $3.1 billion, the $400 million loss he suffered over the past year resulting in a plunge of more than 200 places in the ranking from 544th to 766th. In 2017, Trump's net worth was calculated by Forbes to be $3.5 billion, some $1 billion less than it had been on the 2016 Billionaires List.