Jeff Bezos tops Forbes' billionaires list; Trump's rank drops

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US President Donald Trump has tumbled down more than 200 places in the world's billionaire rankings after losing around $400 million in his net worth from a year ago.

"Forbes estimates that the value of Trump's most famous building declined $41 million in the a year ago".

The publication, which keeps a ranking of the 400 richest Americans based on public records of their holdings and assets, says the US President slipped from 544th richest last year to 766th this year.

Of the top 10 billionaires in the world, more than half reside in South Florida including Carnival Corp. chairman Micky Arison and Palm Beach island residents Thomas Peterffy, Charles Johnson and Robert Rich Jr.

Forbes blames the loss on an underperformance of his various real estate holdings, particularly in New York City.

Amazon founder and CEO Jeff Bezos topped the list for the first time this year, according to Forbes.

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Forbes released its 32nd Annual World Billionaires List on Tuesday, and although Griffin is No. 172 on the list, he places higher than any other Illinoisan.

Trump dropped 222 places.

Forbes calculated that Bezos's fortune, which is mostly held in Amazon shares, increased by $39.2bn over the past year, the biggest ever one-year gain. You got your Bezos, Buffett, Bloomberg, and Brin, as well as the Koch Brothers, Bill Gates, Larry Ellison, and Mark Zuckerberg.

The richest person in Europe and fourth on the list is Bernard Arnault, head of luxury goods firm LVMH, who has a fortune of $72bn. (NASDAQ:FB) CEO now has a net worth of $71 billion thanks to his popular social media platforms.

There are 17 billionaires in IL, according to Forbes.

Bernard Arnault - The first member of the list not to come from the USA has a net worth of $72 billion and calls France his home. The 2,208 men and women are from 72 countries and territories, and, together, they're worth $9.1 trillion.