Bill Gates had gained back his spot as the second most precious person in the world by his active Microsoft stock. After a decrease in the share price of LVMH, the luxury goods titan Bernard Arnault had gone from its position to the third position after just a week of being the second most precious person in the world.
It was for the first time in the last week that since 2008, Bill Gates has not been either the richest or the second most precious person in the world. Both Arnault and Bill Gates have always wanted to get hold of ways to become the wealthiest person in the world. Bezos has a net worth of almost $162.9 billion, and he was willing to give his ex-wife MacKenzie Bezos a quarter of his Amazon shares which would split put him ahead of Bill Gates by almost $20 billion.
However, according to the media, Bill Gates has got down in the position ground because of his charitable reasons. He had donated almost more than $35 billion to the Bill an Melinda Gates Foundation.
In the year 2002, Bill and Melinda Gates along with the accompany of Warren Buffet revealed the Giving Pledge initiative that aimed at encouraging all the billionaires and wealthy people to donate or give away a certain amount of their wealth to charitable foundations and thrust areas to help those in need.
Arnault’s shares extended their gains, which rose up to 0.7% in Paris. And then Arnault had added up to $39 billion in 2019. This was the biggest gain among Bloomberg’s people ranking.