Harvard dropouts Bill Gates and Mark Zuckerberg finished second and fifth with fortunes of $90 billion and $71 billion, respectively. Record results at his luxury goods empire LVMH and a deal to buy out almost all of Christian Dior helped boost Arnault's fortune by $30.5 billion.
The magazine also noted that the U.S president Donald Trump's fortune had fallen for the second year running in annual ranking of the world's wealthiest people.
According to Forbes, India is home to 119 billionaires, 18 more than a year ago.
Rounding up the five richest Canadians is Jim Pattison, who bought a GM dealership in 1961, and has since acquired more than 200 companies to create The Jim Pattison Group that's netted him US6.9 billion. That $22 billion gap is the largest on the Forbes list since 2001.
"Nirav Modi is among the drop-offs from this year's the list, along with Papa John's Pizza founder John Schnatter, Christoffel Wiese of South Africa, and Saudi Arabia s Prince Alwaleed Bin Talal Al Saud", Forbes said.
It's Bezos' first time topping the billionaire's list.
Reverend Billy Graham being laid to rest at North Carolina home
None of the five living former presidents accepted invitations to attend the funeral, although Bill Clinton and George W. Franklin Graham learned inmates had been building caskets for other inmates who died while serving their sentences.
Villar, meanwhile, doubled his estimated net worth to $3 billion from last year's estimate of $1.5 billion.
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. While their fortunes may only represent less than 1% of all billionaires, this staggering figure is makes up 13% of the combined riches of these affluent few.
Mukesh Ambani, the energy and petrochemicals magnate, who keeps his standing as the richest Indian, is richer by $16.9 billion in 2018 with assets of $40.1 billion, according to the magazine's list released online on Tuesday.
The US has the most billionaires by country, with 585, followed by Greater China.
Chinese entrepreneur Zhou Qunfei is the richest self-made woman on the list with a net worth of $7.8 billion.