New York, July 17: Microsoft co-founder Bill Gates is no longer the world's second-richest person. French billionaire Bernard Arnault, the CEO of luxury goods maker LVMH (LVMHF), overtook Gates on Tuesday on the Bloomberg Billionaires Index. It is the first time since seven years of history of the index that the Microsoft co-founder failed to make to the top two spots. Meanwhile, Amazon CEO Jeff Bezos retained the top spot on the list. Bill Gates Explains Contributors And Effects of Climate Change Using Colourful Toys (Watch Video).
Arnault has a net worth of $108 Billion out which he added $39 billion in the last year. Meanwhile, Gates has a net worth of $107 billion. Bezos has an estimated net worth of $125 billion. The 70-year-old CEO of LVMH is credited to build the brand into a global luxury powerhouse that controls brands such as Louis Vuitton, Christian Dior and Givenchy. Amazon Founder Jeff Bezos Finalizes Divorce With USD 38 Billion Settlement: Report.
Arnault made headlines this year when he committed $224 million to the rebuilding of Paris' Notre Dame Cathedral. According to Bloomberg, The software guru could have still ranked first if he had not donated $35 billion to the Bill and Melinda Gates Foundation.
Arnault holds the second spot of the world richest persons in the Forbe’s list released on Wednesday, while Gates is listed at the thirst spot. According to Forbes, Arnault’s net worth $105.1 billion, on the other hand, Gates estimated net worth stood at $103.7 billion.