Bill Gatesjust got overtaken as the second-richest person in the world.
According to the index, Arnault, 70, is currently worth $108 billion, which puts him just above Microsoft founder Gates, who ranks at No. 3 now with a net worth of $107 billion.
Arnault has been the majority shareholder of Christian Dior SE, which is the main holding company of LVMH, since a reported $13.1 billion buy out in 2017.
Bernard Arnault.Sergei Karpukhin/TASS via Getty
Although the French businessman has made a significant increase in his whopping net worth over the past year, the No. 1 spot remains untouched, belonging to Amazon CEO Jeff Bezos, 55, who has a $125 billion net worth, according to Bloomberg.
If not for his charitable donations, Gates would actually top the list, the outlet reports. Both he and wife Melinda Gates have donated over $35 billion to the Bill and Melinda Gates Foundation, which primarily functions to enhance healthcare and reduce extreme poverty, as well as expand access to information technology.
Axel Schmidt/Pool/Getty; John Shearer/Getty
Rounding out the top spots on the Bloomberg Billionaires Index are Berkshire Hathaway CEO Warren Buffett, 88 (at No. 4 with $83.9 billion net worth), plus Facebook CEOMark Zuckerberg, 35, who ranks as the fifth-richest person thanks to a $79.5 billion net worth.
source: people.com
