For the 40th year Forbes magazine has ranked the wealthiest people on Earth for its annual World’s Billionaires List.
This year there are a record 3,428 billionaires making the grade with a combined net worth of $20.1 trillion - that’s up $4 trillion from last year and is the largest concentration of wealth ever recorded.
Once again Elon Musk tops the list by a considerable distance, with 20 people now worth more than $100 billion (up from just 15 last year).
There are 390 newcomers, including Beyoncé Knowles-Carter, Dr. Dre and Roger Federer.
Meanwhile American President Donald Trump’s net worth rose 27 per cent to $6.5 billion, making him the 645th richest person in the world.
Here are the top 20 richest billionaires according to the list.
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17. Changpeng Zhao - $110 billion
Changpeng Zhao, who goes by CZ, is the founder and former CEO of Binance, the largest cryptocurrency exchange in the world. He has an estimated fortune of $110 billion. | AFP via Getty Images
18. Michael Bloomberg - $109 billion
Michael Bloomberg cofounded financial information and media company Bloomberg LP in 1981. The bsuiness has made the former Mayor of New York an estimated $109 billion. | Getty Images for Perelman Perfor
19. Bill Gates - $108 billion
Bill Gates helped usher in huge changes in personal technology with software firm Microsoft; now he's focused on giving away his massive fortune. That's why he's now dropping down the list, with a fortune of around $108 billion. | Getty Images
20. Francoise Bettencourt Meyers - $100 billion
Francoise Bettencourt Meyers largely inherited her vast fortune of around $100 billion - she is the granddaughter of the founder of L'Oréal and completes our list. | AFP via Getty Images