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French billionaire overtakes Gates as world's 2nd-richest person

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French billionaire Bernard Arnault became the second-richest person in the world, according to the Bloomberg Billionaires Index.

With a net worth of around $108 billion, he overtook Microsoft founder Bill Gates in the No. 2 spot. Gates is worth $107 billion.

Arnault is CEO of luxury goods maker LVMH.

Read more from CNN Business.

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