• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People Billionaire Watch

Bernard Arnault catches up with Bill Gates, ranks second richest man in the world

Amaka Obioji by Amaka Obioji
July 17, 2019
in Billionaire Watch
Bernard Arnault

Bernard Arnault

Share on FacebookShare on TwitterShare on Linkedin

The principal founder of Microsoft, Bill Gates, is no longer the second richest man in the world, as he has been displaced by the luxury goods maker, Bernard Arnault.

For seven years, Bill Gates maintained the second position on the Bloomberg Billionaires Index and had never ranked lower than that.

Things have taken a different turn: Bill Gates lost out on the second position on Tuesday July 16, 2019, according to Bloomberg Billionaires Index. Bernard Arnault has taken the second place, as Gates now occupies the third place.

RelatedStories

The Luxury King : Here Is A List Of All The Brands Owned By Bernard Arnault Under LVMH.

Fashion billionaires, Arnault and Amancio record $4.5 billion loss in 1 day  

July 7, 2025
Meet the top 5 billionaires dominating the $2.5tn fashion industry

Bernard Arnault gains $6.9 billion as LVMH shares rise

July 2, 2025
Bernard Arnault
Bernard Arnault

[READ ALSO: Forbes names Dangote as Africa’s richest man for the seventh straight year]

Big guy Arnault: According to Bloomberg, France’s richest person, Arnault added $39 billion to his wealth in 2019. This is the biggest individual gain compared to other billionaires on its ranking.

Displacing Bill Gates: The Chairman of LVMH Moët Hennessy – Louis Vuitton, displaced Bill Gates on the billionaires ranking by more than $200 million.

The 70-year-old Arnault joined the billionaires’ list last month when his wealth surpassed $100 billion for the first time. According to reports, Arnault’s, Gate’s and Bezos’ riches combined surpass the individual market values of almost every company in the S&P 500 Index, including Walmart Inc., Exxon Mobil Corp, and Walt Disney Co.

A good year for Arnault: It is a wonderful year for the business magnet as this year has seen his business raking in sales, from his Kering SA’s Francois Pinault and cosmetics heir Francoise Bettencourt Meyers, getting to a $57 billion combined.

About Arnault Bernard: Known as the richest man in France, Arnault is the Chairman of LVMH Moët Hennessy – Louis Vuitton, the highest maker of luxury goods in the world.

He controls half of LVMH which recorded 48.8 billion euros (55.3 billion) revenue in 2018. Arnault’s family was one the billionaires who pledged $650 million in April for the reconstruction of Notre Dame Cathedral after the fire incident.

He also owns about 97% stake in Christian Dior, after acquiring a textile group that owned Christian Dior.

[READ FURTHER: Fortune Magazine ranks Dangote on World’s Greatest Leaders for 2019]


Follow us for Breaking News and Market Intelligence.
Tags: Bernard ArnaultBill GatebloombergBloomberg Billionaire IndexRichest men
Amaka Obioji

Amaka Obioji

Related Posts

The Luxury King : Here Is A List Of All The Brands Owned By Bernard Arnault Under LVMH.
Billionaire Watch

Fashion billionaires, Arnault and Amancio record $4.5 billion loss in 1 day  

July 7, 2025
Meet the top 5 billionaires dominating the $2.5tn fashion industry
Billionaire Watch

Bernard Arnault gains $6.9 billion as LVMH shares rise

July 2, 2025
Meet Bernard Arnault’s 5 children waiting to inherit his $280 billion fashion empire 
Billionaire Watch

Meet Bernard Arnault’s 5 children waiting to inherit his $280 billion fashion empire 

May 19, 2025
Billionaire Arnault’s LVMH’s Moët Hennessy to slash 10% of workforce 
Billionaire Watch

Billionaire Arnault’s LVMH’s Moët Hennessy to slash 10% of workforce 

May 2, 2025
Meet the top 5 billionaires dominating the $2.5tn fashion industry
Billionaire Watch

Bernard Arnault gets 9-year extension as LVMH CEO amid succession plans 

April 18, 2025
Louis Vuitton acquires American jeweller, Tiffany for $16 billion 
Billionaire Watch

Bernard Arnault loses $15.1 billion as luxury demand slumps in China, amid U.S. tariff tension

April 13, 2025
Next Post
Focus on CAP Plc: Painting Nigeria since 1957 

CAP Plc's share price is beginning to tank

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Moody’s upgrades Ecobank’s rating outlook from ‘negative’ to ‘stable’ 
  • EU commits €500,000 to support displaced persons in Benue 
  • SEC confirms approval of Oba Otudeko’s share sale in FirstHoldCo 

Follow us on social media:

Recent News

Ecobank posts second-biggest quarterly profit in Q1 2025, driven by core and non-interest income 

Moody’s upgrades Ecobank’s rating outlook from ‘negative’ to ‘stable’ 

July 24, 2025
EU faces widening skilled labor shortage, looks to recruit foreign workers

EU commits €500,000 to support displaced persons in Benue 

July 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics