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Bill Gates overtaken by Bernard Arnault on global rich list



Arnault, the CEO of luxury goods maker LVMH ( LVMHF ) overtook Gates Tuesday on the Bloomberg Billionaires Index. Arnault has a net worth of about $ 108 billion, according to the index, having added $ 39 billion to his fortune in the past year. Microsoft ( MSFT ) Founder Gates is worth $ 107 billion.
The two men have also traded spots on another billionaires' list published by Forbes.
Arnault has built LVMH into a global luxury powerhouse that controls brands such as Louis Vuitton, Christian Dior and Givenchy. It's also the home of Champagne brand Dom Pérignon and beauty retailer Sephora.
The 70-year-old made headlines earlier this year when he committed € 200 million ($ 224 million) to the rebuilding of Paris' Notre Dame cathedral.
 France's # 3 richest families lead $ 700 million fundraising effort for Notre Dame

According to Bloomberg, Gates would still rank first if not for his philanthropic giving. The software teacher has so far donated over $ 35 billion to the Bill & Melinda Gates Foundation.

Amazon ( AMZN ) CEO Jeff Bezos holds the top spot on the Bloomberg list with an estimated net worth of $ 125 billion.

– Correction: An earlier version of this story misstated when Bernard Arnault pledged the donation to rebuild Notre Dame.


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