For years, we have seen Bill Gates outscoring all the billionaires one by one and becoming the richest person in the world. It was just recently in 2017, that Jeff Bezos took over the title to become the world’s richest man. He is now currently standing at a staggering $164.8 billion, according to Forbes. That is the highest net worth one can ever achieve. But now, Bill Gates is no more in the second position. Check out the competition.
Bernard Arnault surpasses Bill Gates
It is just in, that Bernard Arnault, the Chairman, and CEO of LVMH Moet Hennessey, or better known as Louis Vitton SE, is now the second richest person in the world. He now stands with a strong net worth of $108 billion. He just surpassed Bill Gates by a difference of $1 billion. Bill Gates currently stands at third position with the amount of $107 billion. This is an amazing takeover for the Louis Vitton CEO.
Bernard’s name has also been in the billionaires’ list for so many years. It’s just that he was never really somewhere in the Top 3. This is an outstanding achievement for the CEO.
Why is Bill Gates not the richest man in the world?
There have been many speculations as to why Bill Gates is no longer the richest man in the world. Back in the days, he held this position with great stagnant stature for so long. Every time in the news, his name used to come up in the billionaires’ list for the richest man.
Reports do say that Bill has contributed a lot to his own charity, which is the ‘’Bill and Melinda Gates Foundation”. It is an organization that aims to remove the targeting situations such as healthcare, poverty, expand educational opportunities and much more.
But once again, Jeff has been making so many billions just because of the unmatched success of his company, Amazon. It is now a worldwide success and has become a phenomenon for all the people around the globe. All three of these billionaires have been serving the people right. Here goes Bill for the third position. Bernard Arnault steals the spotlight.