Bloomberg Billionaire’s Index, Microsoft co-founder Bill Gates is not the top two.
Ranked third with a net worth of $107 billion, Gates was overtaken by the Chairman and CEO of the world’s largest maker of luxury goods, LVMH Moet Hennessy Louis Vuitton, Bernard Arnault whose net worth stands at $108 billion.
Amazon founder and CEO Jeff Bezos are at the first place with the total property of $ 124 billion in 2018, Bezos’s net worth touched the $ 151 billion on the Bloomberg billionaire index.
Bernard Arnault entered the luxury goods market in 1984. The 70-year-old French investor and business tycoon control half of LVMH, which was the revenue of € 46.8 billion in 2018, according to Christian Dyer’s financial release in 2018.
The company sells products including Louis Vuitton leather goods, Tag Heuer watches, and Dome Perignon champagne. According to Bloomberg, Bernard Arnault has controlled 8.6 percent stake in Hermes and 1.9 percent of Carrefour.
Ranking 14th on the Index and highest among Indians is Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd (RIL) with a net worth of $51.3 billion.
In 2016, he funded $ 1 billion to set up Breakthrough Energy Ventures (BEV) in collaboration with Jeff Bezos, Jack Ma, and Bill Gates.
Berkshire Hathaway’s President and CEO Warren Buffett with a property worth $ 81.9 billion at the fourth place in the Bloomberg Billionaire Index. Omaha, a company based in Nebraska, owns a Jico, Clayton Holmes and Dairy Queen, and has a stake in Coca-Cola and American Express.
The next place in this list is Facebook Co-Founder and CEO Mark Zuckerberg, whose total assets are $ 78.7 billion. According to the stock exchange filing of April 2019, the majority of Zuckerberg’s fate has been taken from a 13 percent stake in Facebook.
At sixth place is Amancio Ortega, with assets of $ 66.2 billion, which owns 59 percent of the world’s largest clothing retailer Inditex.