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Jeff Bezos and Bill Gates belong to an exclusive club of people worth over $100 billion, and it just got its 3rd member

Isobel Asher Hamilton,Isobel Asher Hamilton   

Jeff Bezos and Bill Gates belong to an exclusive club of people worth over $100 billion, and it just got its 3rd member
Retail1 min read

bernard arnault

Reuters

Bernard Arnault, Europe's richest man.

Europe's richest man has joined Jeff Bezos and Bill Gates by becoming worth more than $100 billion.

French luxury fashion magnate Bernard Arnault edged over the landmark net worth on Wednesday, according to the Bloomberg Billionaires Index.

Read more: A definitive list of the 13 richest tech billionaires in the world

Arnault is chairman of LVMH, a group which owns brands including Dior, Louis Vuitton, and Moet & Chandon. Bloomberg reports that his wealth has grown by nearly $32 billion this year, the most out of anyone on its Billionaires index.

At time of writing Arnault is $6 billion behind Microsoft cofounder Gates who's worth $106 billion, and $19 billion behind Amazon CEO Bezos, the richest man in modern history.

Arnault was among the crop of billionaires to pledge money to repair Notre-Dame cathedral in Paris. Arnault pledged €200 million ($224 million), although a senior press official at Notre-Dame told the AP last week that the big donations from billionaires such as Arnault had yet to materialise.

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