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Bernard Arnault unseats Bill Gates to become world’s second richest man

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Bill Gates has been unseated as the second richest man in the world, losing the position to Bernard Arnault, the chairman and CEO of LVMH.

The latest ranking by Bloomberg’s Billionaires Index, Arnault is in second place with Jeff Bezos still retaining first place.

Arnault and his family are the majority owners of Christian Dior and LVMH, parent of such brands as Louis Vuitton, Celine, Fendi, Moët, Hennessy, Dom Pérignon, and others.

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As LVMH’s share price has soared in 2019, so has Arnault’s worth. It now stands at about $107.6 billion, more than $200 million ahead of Gates, Bloomberg estimates.

The report also states that Gates would have been ranked the richest person, even ahead of Bezos if not for his philanthropic giveaways which gave Arnault more room to climb.

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The French entrepreneur entered the luxury industry in 1984 when he bought Boussac, a textile empire in the midst of bankruptcy that owned Dior.

The famed label by then had deteriorated by licensing its name out to companies producing sub-par products.

Arnault set about reviving it, turning it into a vertically integrated company that did its own production, distribution, and marketing.

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He went on to buy up other brands, such as Céline, and in 1988 engineered the deal that made him the majority shareholder of LVMH.

Forbes currently ranks Dior as the world’s largest fashion brand based on sales, profits, assets, and market value.

Meanwhile, LVMH, on the whole, keeps attracting customers around the world, with China being the latest highly profitable frontier.

(NAN)

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Man, 27, drowns in Kano pond

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A statement signed by Malam Saidu Mohammed, Public Relations Officer of the Kano State Fire Service, indicated that Salisu died Friday morning.

“We received a distress call from one Malam Shehu at about 8.22 a.m., that Salisu’s body was found floating in a pond.

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“On receiving the information, we quickly sent our rescue team to the scene at about 8.29 a.m.

“The team could only rescue the corpse which was taken to Sanusi General Hospital,” the statement said, adding that the cause of the death was being investigated.

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Obaseki celebrates Daisy Danjuma at 68

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In a statement on Friday in Benin, Obaseki said Sen. Danjuma, who is a Chieftain of the Peoples Democratic Party (PDP), had excelled exceedingly in numerous endeavors and continued to remain a shining inspiration for many in the state and beyond.

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“I congratulate Sen. Daisy Danjuma as she marks her 68th birthday.

“A worthy daughter and ambassador of the state, she has made an indelible impact in different spheres of life, championing developmental programs and ensuring credible representation of Edo people.

“As Senator representing Edo South Senatorial District, she served the people creditably and continues to champion the development of the people and empowerment of vulnerable groups.

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“An amazon of no mean repute, we celebrate her resolve and commitment to development and pray that God grants her more fruitful years,” he prayed.

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Naked German man chases wild boar that stole his laptop (photos)

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A German nudist was sunbathing naked at the Teufelssee in West Berlin when a wild boar picked up the yellow bag containing his laptop and the man gave chase.

The photographer who captured the drama, Adele Landauer, shared it on Facebook with the permission of the naked man.

In the photos, the naked man is seen chasing the boar and her two piglets while fellow sunbathers looked on in amusement.

“Nature strikes back,” wrote Adele Landauer, a personal coach, on Facebook. “I showed the man the photos, he laughed heartily and gave me permission to make them public.”

The man was sunbathing naked at the Teufelssee in West Berlin, a popular and perfectly legal practice in the German capital as part of what is known as FKK, or Freikörperkultur (free body culture).

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The wild boar had apparently spotted a pizza being eaten by other bathers so it seized a yellow bag containing the man’s laptop, probably believing it to contain food.

When the man noticed what was going on, he chased the animal into the undergrowth.

“Because the bag contained his laptop, he gave it his all, even though he was in his birthday suit,” explained Landauer.

The boar’s flight was slowed by a cardboard box in its path. The man clapped his hands and hit the ground with the stick, prompting the boar to drop the laptop and the man took his bag back.

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Another witness said:

“When he returned from the forest, everyone applauded him.”

Derek Ehlert, Berlin’s ombudsman for wild animals, told local media that such incidents had become increasingly common, and that foxes had also become regular visitors to Berlin’s lakeside resorts.

“We urge people not to panic in such a case,” he said. “We have so far had no injuries – the animals are quite used to humans.”

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