Elon Musk dethrones Jeff Bezos in Forbes Billionaire List

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.