Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Twitter
Zomato
Reliance Jio
Sensex
National Herald
Meta
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Bill Gates not second richest anymore. Here's who replaced him
Business

Bill Gates not second richest anymore. Here's who replaced him

Bill Gates not second richest anymore. Here's who replaced him
Written by Siddhant Pandey
Jul 18, 2019, 06:46 pm 2 min read
Bill Gates not second richest anymore. Here's who replaced him

For the first time in the seven-year history of Bloomberg Billionaires Index, Microsoft co-founder Bill Gates swooped down to world's third-richest spot from his previous rank 2. Gates' wealth dropped by $838mn, as per the last change on Thursday, and his estimated net worth now is $107bn. Meanwhile, Amazon founder and CEO Jeff Bezos remains the world's richest person at $124bn.

Details
LVMH Chairman and CEO takes Gates' place

Gates was replaced by France's Bernard Arnault, Chairman and CEO of LVMH Moët Hennessy-Louis Vuitton SE, with an estimated wealth of $108bn. Arnault (70) added $39 billion to his fortune over last year, making him the biggest individual gainer among the 500 people on the list. Meanwhile, Gates donated $35 billion to the Bill and Melinda Gates Foundation, otherwise, he would have been the richest man.

Arnault
Who is Bernard Arnault?

Arnault entered the luxury-goods market in 1984 when he acquired the textile group that owned the fashion house, Christian Dior. He owns a 97% stake in Christian Dior and also controls half of LVMH through a family holding company. Notably, after the Notre Dame Cathedral blaze in April, Arnault and his family had pledged over $650 million for its reconstruction.

Bezos
Meanwhile, Bezos remains #1 despite $38bn divorce; wife at #22

Coming to Bezos, despite his divorce, which led to a disbursement of $38 billion to his ex-wife MacKenzie Bezos, the Amazon founder remained at the top. Meanwhile, after the divorce, MacKenzie became the fourth-richest woman in the world, according to Bloomberg. Additionally, MacKenzie, with a net worth of $39.9 billion, holds the 22nd spot on the world's richest list.

Information
Mukesh Ambani, India's richest, holds 13th spot

India's richest person, Mukesh Ambani (net worth: $51.3bn) held the 13th spot on Bloomberg's Billionaire Index. Outgoing Wipro CEO Azim Premji remained at #48 with a net worth of $20.5bn, while Shiv Nadar ($14.7bn) and Uday Kotak ($14.0bn) held 91st and 94th spots, respectively.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Siddhant Pandey
Siddhant Pandey
Twitter
Siddhant Pandey covers national and health news at NewsBytes. He has over five years of experience working as a multimedia journalist covering hard news in New Delhi. He was previously employed with The Indian Express and News World India and has juggled roles as a correspondent, copy editor, and video producer. He holds a Bachelor’s degree in Biotechnology from the Jaypee Institute of Information Technology, Noida.
Latest
Mukesh Ambani
France
Bill Gates
Bloomberg
Jeff Bezos
Latest
5 things you must shop on your trip to Italy
5 things you must shop on your trip to Italy Lifestyle
Five scholarships for Indians to study in Singapore
Five scholarships for Indians to study in Singapore Career
Renault is offering attractive discounts on its cars: Check offers
Renault is offering attractive discounts on its cars: Check offers Auto
Commonwealth Games, women's cricket: India settle for silver medal
Commonwealth Games, women's cricket: India settle for silver medal Sports
Moto G62's India launch on August 11: Check price, specifications
Moto G62's India launch on August 11: Check price, specifications Technology
Mukesh Ambani
Akash Ambani appointed as the new chairperson of Reliance Jio
Akash Ambani appointed as the new chairperson of Reliance Jio Business
Reliance, Swiggy, and PremjiInvest join bid to buy Metro India
Reliance, Swiggy, and PremjiInvest join bid to buy Metro India Business
Who is Radhika Merchant, Mukesh-Nita Ambani's future daughter-in-law?
Who is Radhika Merchant, Mukesh-Nita Ambani's future daughter-in-law? Entertainment
Gautam Adani joins $100 billion club, surpasses Mukesh Ambani
Gautam Adani joins $100 billion club, surpasses Mukesh Ambani Business
Why did Anil Ambani resign? What is his net worth?
Why did Anil Ambani resign? What is his net worth? Business
More News
France
Recipe of the day: How to bake fluffy croissants
Recipe of the day: How to bake fluffy croissants Lifestyle
France's Gustav McKeon becomes first-ever batter with consecutive T20I tons
France's Gustav McKeon becomes first-ever batter with consecutive T20I tons Sports
National Creme Brulee Day: Check out the drool-worthy recipe here
National Creme Brulee Day: Check out the drool-worthy recipe here Lifestyle
Angelina Jolie wins battle against Brad Pitt over French winery
Angelina Jolie wins battle against Brad Pitt over French winery Entertainment
5 must-read biographies of famous personalities
5 must-read biographies of famous personalities Lifestyle
More News
Bill Gates
Reading habits of 5 most successful people in the world
Reading habits of 5 most successful people in the world Lifestyle
Gautam Adani becomes world's 5th richest person, surpasses Warren Buffett
Gautam Adani becomes world's 5th richest person, surpasses Warren Buffett Business
Epstein among 'many things' why divorce happened: Melinda French Gates
Epstein among 'many things' why divorce happened: Melinda French Gates World
Bill Gates was advised against flirting with employee in 2008
Bill Gates was advised against flirting with employee in 2008 World
Know all about Bill and Melinda Gates's son-in-law Nayel Nassar
Know all about Bill and Melinda Gates's son-in-law Nayel Nassar World
More News
Bloomberg
Smell in cabin: Air India Express flight diverted to Muscat
Smell in cabin: Air India Express flight diverted to Muscat India
Fliers rebuke SpiceJet, IndiGo for poor service, behavior
Fliers rebuke SpiceJet, IndiGo for poor service, behavior Business
Gold schemes start at Rs. 100 as digital sales rise
Gold schemes start at Rs. 100 as digital sales rise Business
Google's US office facilities will serve as COVID-19 vaccination clinics
Google's US office facilities will serve as COVID-19 vaccination clinics Business
As Biden assumes office, China sanctions Pompeo, other Trump officials
As Biden assumes office, China sanctions Pompeo, other Trump officials World
More News
Jeff Bezos
UN responds to Elon Musk's challenge with $6.6bn famine plan
UN responds to Elon Musk's challenge with $6.6bn famine plan World
Blue Origin loses lawsuit against NASA over Artemis HLS contract
Blue Origin loses lawsuit against NASA over Artemis HLS contract Technology
Blue Origin, Boeing to establish 'business park' in low-Earth orbit
Blue Origin, Boeing to establish 'business park' in low-Earth orbit Technology
TikTok star discovers the shocking things Alexa records about you
TikTok star discovers the shocking things Alexa records about you Technology
Employees claim Blue Origin is fraught with sexism, safety concerns
Employees claim Blue Origin is fraught with sexism, safety concerns Technology
More News
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022