**The Second Richest Person In The World Is Now Bernard Arnault**
**The second spot for the richest person in the world has recently changed hands. French entrepreneur Bernard Arnault has now surpassed Microsoft founder Bill Gates in terms of wealth.**
Arnault has a net worth of $107.6 billion, which makes him one of the wealthiest individuals globally, according to Bloomberg. He has climbed up the ranks swiftly, surpassing Warren Buffet to secure the third position earlier this year. Currently, Arnault holds the title of the second richest person globally, with only Amazon’s Jeff Bezos ahead of him.
Bernard Arnault serves as the chairman and CEO of LVHM, the leading luxury goods producer worldwide. In 2018, LVHM generated profits exceeding $53 billion. The conglomerate comprises more than 70 companies, including renowned brands like Louis Vuitton and Christian Dior. Arnault is based in Paris and received his education from a prestigious engineering school in France. He has been a prominent figure in the fashion industry for many years and recently pledged a significant sum of over $450 million towards the restoration of the historic Notre Dame cathedral in Paris.
While the top spot belongs to Jeff Bezos, Bill Gates has long held the position of the second wealthiest person globally. Arnault’s substantial wealth includes a 96.5% stake in Christian Dior, the company that holds a 41% share in LVHM.
