LV boss surpasses Gates to Become the World's Second Richest

    Bill Gates Opens a New Window. Seven-year run as the second richest person in the world on the Bloomberg Billionaires Opens a New Window. Index has come to an end.

    Bernard Arnault dethroned the Microsoft co-founder as the second richest person in the world on Tuesday after the LVMH Moet Hennessy - Louis Vuitton chairman's net worth hit $108 billion, according to the Billionaires Index Opens a New Window.Gates, whose net worth is estimated to be $107 billion, has remained in the top two positions on the index since it was created seven years ago.Holding on to the top spot is Jeff Bezos with a net worth of $125 billion.

    Forbes Opens a New Window. Also listed Arnault as the second richest person in the world with a net worth of $105.1 billion as of Wednesday. Gates' estimated net worth by Forbes Opens a New Window. stood at $103.7 billion.

    Arnault is relatively new to the exclusive "centibillionaires" club. He officially joined Bezos and Gates last month as the only people in the world worth more than $100 billion when LVMH hit a record 368.80 euros a share.

    The 70-year-old French native added $39 billion to his fortune in the last year, the Bloomberg Billionaires Index showed.

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