Bill Gates is now only the third richest person in the world
New Delhi Bill Gates is no longer the world's second-richest person. That title now belongs to French billionaire Bernard Arnault.
Arnault, the CEO of luxury goods maker LVMH , overtook Gates Tuesday on the Bloomberg Billionaires Index. It's the first time since the index was created seven years ago that Gates has dropped out of the top two.Arnault has a net worth of around $108 billion, according to the index, having added $39 billion to his fortune in the past year. Microsoft founder Gates is worth $107 billion. The two men have also traded spots on another billionaires' list published by Forbes.
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