Amazon chief Jeff Bezos is the still richest man in the world, with a total net worth of $125 billion.
Bill Gates stands at Number 3 with net worth of $107 billion.
Microsoft Corp co-founder Bill Gates, who has never been ranked below the second spot on the Bloomberg Billionaires Index has been pushed to the Number 3 rank by Bernard Arnault, Chairman and Chief Executive Officer of LVMH.
It must be mentioned that Gates' philanthropic endeavours was one of the biggest reasons for his slip in ranking.
Gates donated more than $35 billion to the Bill and Melinda Gates Foundation.
The richest Indian, Mukesh Ambani is on the 13th spot, with a net worth of $51.8 billion.
Azim Premji is the second-richest Indian to be on the list at the 48th rank with $20.5 billion, followed by Shiv Nadar in the 92nd spot and Uday Kotak on the 96th spot.
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Bloomberg Billionaires Index is a daily ranking of the world's billionaires published by Bloomberg News since March 2012.