New Delhi (CNN Business) Bill Gates is no longer the world's second-richest person. That title now belongs to French billionaire Bernard Arnault. LVMH LVMHF Arnault, the CEO of luxury goods maker, 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. Microsoft MSFT Arnault has a net worth of around $108 billion, according to the index , having added $39 billion to his fortune in the past year.founder Gates is worth $107 billion.

Source: CNN July 17, 2019 08:10 UTC