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Bernard Arnault just became the 2nd-richest person in the world. These 5 mind-blowing facts show just how quickly the French billionaire's fortune is growing.

Business Insider | Jul 19, 2019, 10.03PM IST

Bernard Arnault

ERIC PIERMONT/AFP/Getty Images

In the first six months of 2019, Bernard Arnault has jumped from fourth place to second on two major rankings of the world's richest individuals.

Six months ago, Bernard Arnault was a lot less rich.

The 70-year-old LVMH CEO was the fourth-richest person alive at the start of 2019, according to Bloomberg. Since then, Arnault has made so much money that he displaced both Warren Buffett and Bill Gates to rank second on both Bloomberg's Billionaires Index and Forbes Billionaires List.

Most of Arnault's wealth comes from the 41% stake in LVMH he controls through his company Christian Dior, according to his profile in the Bloomberg's Billionaires Index. LVMH shares are up over 50% in 2019 so far, according to Forbes.

Read more: Bernard Arnault just overtook Bill Gates as the 2nd-richest person in the world. Here's how the French billionaire makes and spends his fortune

Here are five facts that put into perspective exactly how fast Arnault's fortune has grown.

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