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Kenneth Feld only local on Forbes' 2018 list

Kenneth Feld only local on Forbes' 2018 list

Forbes" 2018 "World's Billionaires' list includes a total of 256 women - an all time high - and their collective net worth topped United States dollars 1 trillion, up 20 per cent since a year ago.

Jeff Bezos, the man behind Amazon, is easily the richest man on the planet, having combined a net-worth of over $39.2 billion. He dethroned Microsoft founder Bill Gates who sits 2nd with $90 billion, followed by legendary investor Warren Buffett at 3rd with $82 billion.

Arnault is the chairman and Chief Executive Officer of LVMH Moet Hennessy Louis Vuitton the world's largest luxury-goods company. It now even sells groceries in brick-and-mortar stores after its $13.7 billion purchase of Whole Foods Markets a year ago.

Mining mogul Gina Rinehart remains Australia's richest citizen with her iron ore wealth increasing from $US17.2 billion ($21.9 billion) to $US17.4 billion ($22.2 billion).

Other notables on the list include the Koch brothers (tied for 8th, $60 billion each), former New York Mayor Michael Bloomberg (11th, $50 billion) and Google co-founder Larry Page (No. 12, $48.8 billion).

At age 94, Kuok is the oldest person in the Top 100 of the billionaires' list. Bezos's calculated fortunes as on March 6, 2018, is $ 112 billion.

Overall, the list hit a record 2,208 billionaires from 72 countries and territories, including Hungary and Zimbabwe for the first time.

Bilanz ranks the Reimann family, with its holdings in consumer health group Reckitt Benckiser and Wella hair products, second at 30 billion euros. According to Forbes, India is home to 119 billionaires, 18 more than last year and the total net worth of this elite club is US$ 440.1 billion, a rise of US$ 114.6 billion over the year ago period.

The magazine on Tuesday saidTrump's net worth had fallen by $400m (£287m) to $3.1bn over the past year.

The improvement in Mr Bezos' fortune is the biggest on record.

Donald Trump, who became the first billionaire president in USA history in January 2017, was ranked 766th on the list, down from 544, with a fortune of $3.1 billion.