Bernard Arnault, CEO of LVMH (Louis Vuitton Moлt Hennessy) has become the second-richest person in the world ahead of Bill Gates according to the Bloomberg Billionaires Index. Amazon founder Jeff Bezos ranks first in the list.
Arno’s fortune is reportedly worth at $ 108 billion, Gates’s — at 107 billion. According to Forbes, Arno’s fortune is $ 104.8 billion, Gates’s – 103.7 billion. Arno’s fortune is more than 3% of the French economy, the fashion house owns luxury brands in perfumes, watches, alcohol, and clothing. LVMH shares increased by 43% in 2019, the third best in the French stock index CAC 40.
Before, Gates had never dropped below second place in the seven-year history of the Bloomberg Billionaires Index. It is noted that the co-founder of Microsoft could remain the richest person in the world without his charitable activities. In April 2018, Bernard Arnault became the richest person in fashion, toppling Zara’s Amancio Ortega.