{"id":3907,"date":"2019-07-19T09:54:08","date_gmt":"2019-07-19T09:54:08","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=3907"},"modified":"2019-07-20T18:35:29","modified_gmt":"2019-07-20T18:35:29","slug":"microsoft-corp-co-founder-dropped-to-no-3-behind-frances-bernard-arnault","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/microsoft-corp-co-founder-dropped-to-no-3-behind-frances-bernard-arnault\/","title":{"rendered":"Microsoft Corp co-founder dropped to No. 3 behind France\u2019s Bernard Arnault"},"content":{"rendered":"\n

Microsoft Corp co-founder Bill Gates dropped to No. 3 behind France\u2019s Bernard Arnault . Bill Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index. That run ended when the Microsoft Corp co-founder dropped to No. 3 behind France\u2019s Bernard Arnault. Louis Vuitton owner LVMH, Arnault\u2019s luxury-goods maker, advanced to a record in Paris and pushed his net worth to $107.6 billion and ahead of Gates by more than $200 million. Arnault has added $39 billion to his fortune in 2019 alone, the biggest individual gain by far among the 500 people in Bloomberg\u2019s ranking.

Daily Current Affairs Quiz 2019<\/a><\/strong> <\/p>\n\n\n\n

Arnault, 70, joined Gates and Amazon.com Inc founder Jeff Bezos, the world\u2019s richest person, in the most exclusive wealth club last month, when his fortune surpassed $100 billion for the first time. The trio\u2019s collective wealth exceeds the individual market values of almost every company in the S&P 500 Index, including Walmart Inc, Exxon Mobil Corp and Walt Disney Co.

This year has been particularly good to French tycoons, with Arnault, Kering SA\u2019s Francois Pinault and cosmetics heir Francoise Bettencourt Meyers tacking on a combined $57 billion.

Arnault and his family are among luxury titans who pledged more than $650 million in April for the reconstruction of Notre Dame Cathedral after fire ravaged the landmark church. He controls about half of Paris-based LVMH through a family holding company and also owns a 97% stake in Christian Dior, the fashion house founded three years before his birth in 1949.

Arnault entered the luxury-goods market in 1984 by acquiring a textile group that owned Christian Dior. Four years later, he sold the company\u2019s other businesses and used the proceeds to buy a controlling stake in LVMH. His art collection of modern and contemporary paintings includes pieces by Jean-Michel Basquiat, Damien Hirst, Maurizio Cattelan, Andy Warhol and Pablo Picasso.

Were it not for Gates\u2019s philanthropic giving, he\u2019d still be the world\u2019s richest person. Gates has donated more than $35 billion to the Bill & Melinda Gates Foundation. Bezos\u2019s net worth is up slightly this year to $125 billion, even after reaching a divorce settlement with MacKenzie Bezos that made her the world\u2019s fourth-richest woman. <\/p>\n\n\n\n

About France<\/strong>
Capital : Paris
President : Emmanuel Macron
Prime Minister: \u00c9douard Philippe <\/p>\n","protected":false},"excerpt":{"rendered":"

Microsoft Corp co-founder Bill Gates dropped to No. 3 behind France\u2019s Bernard Arnault . Bill Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index. That run ended when the Microsoft Corp co-founder dropped to No. 3 behind France\u2019s Bernard Arnault. Louis Vuitton owner LVMH, Arnault\u2019s luxury-goods maker, […]<\/p>\n","protected":false},"author":13,"featured_media":3908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[92,198,199,106,197],"class_list":["post-3907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles","tag-awards-prizes-current-affairs","tag-bernard-arnault","tag-france","tag-industry-current-affairs","tag-microsoft"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=3907"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3907\/revisions"}],"predecessor-version":[{"id":3909,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/3907\/revisions\/3909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/3908"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=3907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=3907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=3907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}