Arnault has a net worth of around $108 billion, according to the index
, having added $39 billion to his fortune in the past year. Microsoft (MSFT)
founder Gates is worth $107 billion.
The two men have also traded spots on another billionaires’ list published by Forbes
Arnault has built LVMH
into a global luxury powerhouse that controls brands such as Louis Vuitton, Christian Dior and Givenchy. It’s also the home of Champagne brand Dom Pérignon and beauty retailer Sephora.
The 70-year-old made headlines earlier this year when he committed €200 million ($224 million) to the rebuilding of Paris’ Notre Dame cathedral.