Bill Gates, boosted by stronger Microsoft stock, has returned to his spot as the 2nd-richest person in the world by KristinStoller
Microsoft principle founder Bill Gates at a luncheon of the Economic Club of Washington in Washington, D.C. in June. Gates discussed various topics including climate change.After less than a week as the world’s second-richest person, luxury goods titan Bernard Arnault has dropped down to third place, according tocalculations, following a decline in the share price of LVMH. Bill Gates, boosted by stronger Microsoft stock, returned to his spot as the second-richest person in the world.
Last week marked the first time since 2008 that Gates had not been either the richest or second-richest person in the world. Both Gates and Arnault have a ways to go to catch up to the world’s richest person, Jeff Bezos. Bezos has a net worth of roughly $162.9 billion; he has said he will give his ex-wife, MacKenzie Bezos, a quarter of his Amazon shares, now worth about $39 billion, which would still put him ahead of Gates by roughly $20 billion.
LVMH’s fashion and leather goods business continues to be the company’s highest revenue driver with $11.6 billion in sales, up 21% from last year.
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