Elon Musk, SpaceX and Tesla CEO, tops Forbes' 36th annual World's Billionaires List for the first time, with an estimated net worth of $219 billion, Report informs via Axios.
Musk unseated Jeff Bezos, who drops to No. 2 after spending the past four years as the richest person in the world.
Bernard Arnault of LVMH (luxury brands Christian Dior, Moët & Chandon, Louis Vuitton) remains No. 3, followed by Bill Gates. Warren Buffett is fifth.
Forbes' 36th annual World's Billionaires List, out Tuesday, reveals 2,668 billionaires, including 236 newcomers — down from last year's record 2,755 billionaires, with 493 newcomers.
The total net worth of the world’s billionaires is $12.7 trillion, down from last year’s $13.1 trillion. 329 people dropped off the list this year — the most in one year since the 2009 financial crisis, Forbes said.