Luxury Tycoon Bernard Arnault has overtaken Bill Gates as the world’s second richest person.

The chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton has to third position on the Bloomberg Billionaires Index with a net worth of $107.6 billion on Tuesday. Arnault’s fortune has grown by $39 billion this year, meaning he likely added another $197 million to his coffers overnight. Continue reading →