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Arnault Joins Bezos, Gates in Most Exclusive Billionaires Club

  • French luxury-good titan’s net worth now exceeds $100 billion
  • Arnault’s fortune equals more than 3% of France’s economy
Bloomberg business news
How Jeff Bezos Became the King of E-Commerce

Bernard Arnault, Europe’s richest person, just joined Jeff Bezos and Bill Gates in the world’s most exclusive wealth club with a fortune of at least $100 billion.

Arnault, chairman of LVMH, entered the ranks of centibillionaires Tuesday as the luxury-goods maker climbed 2.9% to a record 368.80 euros a share. His net worth has increased almost $32 billion this year, the most on the 500-member Bloomberg Billionaires Index.