Bezos world's richest person for 4th year in a row

Forbes magazine says Amazon CEO Jeff Bezos has topped the list of the world's richest people for the fourth year in a row.

The US business magazine released its 35th annual list of the world's wealthiest people on Tuesday.

The list shows that the number of billionaires has grown significantly since last year. This indicates that there is a pronounced tendency for the wealthy to possess more assets.

Bezos' fortune increased to 177 billion dollars. That is more than 1.5 times last year's amount.

Tesla CEO Elon Musk came in second. His fortune increased to 151 billion dollars.

The sharp rises are mainly attributed to an uptick in stock prices. Tesla's shares rose about seven fold from the same period last year. That pushed Musk up in the rankings from number 31 to number two.

LVMH Group CEO Bernard Arnault and his family are in third place with 150 billion dollars. The group's brands include Louis Vuitton.

They were followed by Microsoft co-founder Bill Gates. His fortune is valued at 124 billion dollars.

In Japan, SoftBank Group Chairman and CEO Son Masayoshi came in 29th with 45.4 billion dollars. Fast Retailing Chairman and President Yanai Tadashi and his family were ranked 31st with 44.1 billion dollars.

In total, there were 2,755 billionaires with assets of one billion dollars or more. That is the highest number ever.

Their combined assets totaled more than 13 trillion dollars. That figure is up more than 60 percent from last year.

Observers say the rich have continued to amass more wealth, despite the coronavirus pandemic, due partly to surging stock prices.