French Billionaire Bernard Arnault, Replaces Bill Gates As Second Richest Man In The World
Arnault, the CEO of luxury goods maker, overtook Gates Tuesday on the Bloomberg Billionaires Index. It’s the first time since the index was created seven years ago that Gates has dropped out of the top two.
According to CNN, Arnault has a net worth of around $108 billion, according to the index, having added $39 billion to his fortune in the past year. Bill Gates, the founder of Microsoft is worth $107 billion. The two men have also traded spots on another billionaires’ list published by Forbes.
Amazon CEO Jeff Bezos holds the top spot on the Bloomberg list with an estimated net worth of $125 billion.