While Microsoft’s Co-founder Bill Gates slips down to the third rank on the richest person list, Amazon Founder and CEO Jeff Bezos ranks first with a net worth of $124 billion.
Gates was overtaken by the Chairman and CEO of the world’s largest maker of luxury goods, LVMH Moet Hennessy Louis Vuitton, Bernard Arnault whose net worth stands at $108 billion.
LVMH Moet Hennessy Louis Vuitton, Bernard Arnault whose net worth stands at $108 billion.
Bernard Arnault entered the luxury goods market in 1984. The 70-year-old French investor and business tycoon controls about half of LVMH, which had a revenue of 46.8 billion euros in 2018, as per Christian Dior’s financial release in 2018.
The company sells products including Louis Vuitton leather goods, TAG Heuer watches and Dom Perignon champagne.