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Business › Bill Gates No Longer World's 2nd-richest Person by Phayie(op): 12:40pm On Jul 19, 2019
Luxury goods mogul Bernard Arnault has displaced Microsoft Co-Founder Bill Gates as the second wealthiest person in the world.

According to the Bloomberg Billionaires Index, the 70-year-old who currently is the chairman and chief executive of Louis Vuitton SE or LVMH (LVMHF) broke through to the top 3 ranks last month when his net worth surpassed $100 billion for the first time.

Gates had held steady as the second-richest person the world — behind Amazon’s Jeff Bezos — for seven years.

But Arnault took Gates’ spot after LVMH stock surged on Tuesday, increasing his net worth to $107.6 billion.

The Frenchman’s total worth is now more than 3% of France’s economy.

Bernard Arnault attends a conference during Viva Technology at Parc des Expositions Porte de Versailles on June 16, 2017 in Paris, France. (Photo credit: Christophe Morin/IP3/Getty Images)MoreWho is Bernard Arnault? The ‘wolf in cashmere’

Arnault, who is known as “the wolf in cashmere,” was born in he French city of Roubaix.

He joined his family’s construction business in 1971 and moved to the U.S. in 1981 when the socialists came to power in France.

Back then, he was considered a “was a little-known real-estate developer trying to expand his venerable French family's influence in New Rochelle, N.Y,” according to a New York Times Article from 1989.

He entered the luxury market in 1984 with an acquisition of a near-bankrupt French textile company that owned Christian Dior.

He later sold the company’s other businesses and used the money to buy a controlling stake in LVMH, which was at that point a merger between Louis Vuitton and champagne and cognac maker Moët Hennessy.

A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna in 2018. (Photo credit: REUTERS/Lisi Niesner)More

Arnault then ousted the Louis Vuitton president and took over, a strategy that he repeated over the years, and has built the luxury goods conglomerate that today owns Louis Vuitton, Christian Dior, Givenchy, Marc Jacobs, and more.

While his “brash American-style” approach to business was criticized by the French press in the past, he’s described by The Telegraph as a man of refined taste: He’s a classical pianist and an art collector.

LVMH saw revenue growth grow 16% in the first quarter of this year, led by strength in fashion and leather goods.

The company also recently announced that it reached an agreement with Stella McCartney to further develop the Stella McCartney House. Stella McCartney, a British fashion house, was up until last year owned by LVMH’s competitor Kering.

Travel › Re: Uk Student Visa/tier 4 Pbs - Your Questions Answered Part 3 by Phayie(m): 8:49pm On Jul 18, 2019
Oospi:
Good evening everyone, #Newbie alert!! Please I need frank answers here is my current position....
1. I have currently secured admission for my MSC at a UK university, the tuition is about 15000
2.the school asked me to pay a deposit of 3500 before I could be issued with CAS. I can come up with the deposit but the issue is....
3. The remainder of the tuition and living expenses, the chances of coming up with it (roughly 20000) And having it in my account for 28 consecutive days are very slim
4. When I saw the above condition I almost gave up, but I have to ask what are my chances of securing a visa if I can just lump the whole money in there for a few days, print the statement of account and submit
5. Again, I can get another 5000 pounds next year(the program starts Jan 2020) what are my chances of completing the program with side hustle?
Thanks everyone
The money needs to be in your account for 28 days before you can print the statement. Also u need to leave the money in your account for atleast 2 wks because they can call to verify your account.
I might not be totally right though
Politics › Re: Fani-kayode Reacts To Call For Relocation Of Herdsmen From Southern Nigeria by Phayie(m): 9:41am On Jul 17, 2019
David10de:
Hmmm
Thunder ⚡⚡⚡⚡fire u there with all the rubbish betnaija u always post here
Sports › Re: Marc Batchelor Shot Dead In Johannesburg by Phayie(m): 5:17pm On Jul 16, 2019
[quote]You can stake high on today's winning ticket

Yes, do well to inbox me on Whatsapp and get the game at pay after won

Your fada
Celebrities › Re: Davido Doing The Naira Marley's "Soapy" Dance by Phayie(m): 1:31pm On Jul 16, 2019
NaijaOlosho:
Davido is an Idiot

Small pikin wey just meet money

how he go take get sense??
Na ur sense? Amebo osi
Politics › Re: Nnamdi Kanu To Tinubu: You've Disappointed, Disgraced The Noble Yoruba Ancestry by Phayie(m): 1:29pm On Jul 16, 2019
WiLdFLame:
You fools
Yoruba is wiser
Insecurity can’t be tackled with emotions or sensationalism


This is what made the IPOBs dream failed.

Anyone who thinks Fulani herdsmen where the one who did that operation Na fools. We are playing into the trap plan of the crime perpetrators. Fulani herdsmen kill fashoranti daughter leave his driver and all..how can some people be so daft in Nigeria.


Yes Fulani herdsmen are notorious but does that also mean we should chase shadows when it comes to been factual and realistic?

The Igbo should leave our Political leader alone!!!
Go and query your Ipod Kanu why he failed and had you guys killed!! Go and query your Ojukwu why he failed !!! you think Yoruba are not wise to see your antics right? Leave us alone let us solve our case by ourselves


Igbos and their kinsmen were the first people to start kidnapping wahala in Nigeria. First war in Nigeria Na dem cause am. First coup Na dem cause am. An Igbo man left his aba house and wanted to be lord in Yoruba land. Igbo greed knows no bound. iPods abi IPOB abi wetin dem call their name should please shut the hell up and leave the matter. Stop being political on this incident.

Is Evan a herdsmen?—Asiwaju Ahmed Bola Tinubu
Yoruba moslem, Tinubu ass lealer spoted
Politics › Re: Shehu Sani On Obasanjo’s Letter: Buhari Should Not Use It As Toilet Roll by Phayie(m): 1:20pm On Jul 16, 2019
ssjjshha:
Oh No Viral Video Of Man Caught Having Sex With A Secondary School Girl In Lagos

VIDEO BELOW HERE

[urHot Video Clip[/url]
You're surely insane
Politics › Re: Shehu Sani On Obasanjo’s Letter: Buhari Should Not Use It As Toilet Roll by Phayie(m): 1:19pm On Jul 16, 2019
Ndere1:
grin confused shehu
Oga stop this ur useless gamble, find another work, ok?
Politics › Re: Goodluck Jonathan Visits Reuben Fasoranti, Afenifere Leader For Condolence by Phayie(m): 1:12pm On Jul 16, 2019
Pavarottii:
Is there any leader in d Yoruba lineage as intelligent as good luck jonathan... U think say am use laptop do in PhD? Do u know the distance he moved on land and water just to go to primary school with no shoes?
One on one of u set a general knowledge exam for him and osinbanjo... He will dust him... No go near good luck , no even think am... He finished with a first class but he was a pioneer sets in uniport, they said it was too early to give a first class that's with they have him a 2,1... That is encyclopedia walking ooo... From d management of our economy sef during his tenure... U could see how smart he is... His FEC meeting he made sure everybody in his cabinet read a book and every minister must summarise his book during a moment during d meeting... That's how much he loves reading... He made his cabinet members cultivated reading habits... Everything I av said can be confirmed from any of his minister or from uniport Senate...

My advice... Is stop and avoid...
This guy need to be castrated
Do you know how much efcc seized from patience?
Do you know how much Jonathan diverted through Dasuki?
Do you know how much efcc has seized from Diezani?
Infact oya come

Politics › Re: MC Oluomo Loses Lagos NURTW Chairmanship To Michael Odugunle by Phayie(m): 9:34am On Jul 12, 2019
babyfaceafrica:
and this is news?
If it's not news wetin e con be? Film? U need to go back to sleep
Food › The Snake I Killed In My Kitchen by Phayie(op):
See a snake a nairalander killed in his kitchen
Two weeks ago my wife saw this snake in the kitchen and she ran to the room to tell me what she saw, I reluctantly went to the kitchen because there was no light, on getting to the kitchen the snake has already gone. I search everywhere but couldn't see any snake, I then concluded that probably my wife didn't see any snake that it could just be a cockroach or any other thing but definitely not a snake. But this morning my wife was also in the kitchen around 5am, this time there was light and she saw the same snake, I quickly rushed down and was able to killed it.
Crime › Re: Shi’ites, Police Officers Clash Again At Federal Secretariat Abuja (Photos) by Phayie(m): 9:52pm On Jul 11, 2019
OAFMods:
Foolish Igbos with foolish opinions on National discus daily.
Yoruba Muslim spoted

Crime › Re: Shi’ites, Police Officers Clash Again At Federal Secretariat Abuja (Photos) by Phayie(m): 4:19pm On Jul 11, 2019
Many don't understand that Buhari has personal beef with el zakzaky. Buhari is a jihadist who believes Sunni is better than shihite and shihite Muslim is haram
Travel › Re: Cost Of A Nigeria International Passport by Phayie(m): 10:47am On Jul 10, 2019
Good day everyone, pls I want to do passport for my 2kids age 1 and 4. Do they need NIN? If they do, how do I go about it? Thanks
Travel › Re: Uk Student Visa/tier 4 Pbs - Your Questions Answered Part 3 by Phayie(m): 10:22am On Jul 10, 2019
Andrepete:
Hello house , I have been asked to provide bank statement. Does the 28 days include weekends when counting or it's just 28 WORKING days ??
Yes it include weekend
Gaming › Re: FCT-ABUJA GAMERS: Ps4 & Ps3 Games / Console Sales And Exchange by Phayie(m): 6:13am On Jul 06, 2019
Gaming › Re: What Is D Best Site To Download Cracked PC Games? by Phayie(m): 6:13am On Jul 06, 2019
Gaming › Re: Just Started Gaming On Pc With M/kb. It Sucks. by Phayie(m): 6:12am On Jul 06, 2019
Gaming › Re: Fifa 19 On Hacked Ps4 by Phayie(m): 6:12am On Jul 06, 2019
Gaming › Re: Highly Compressed Pc Games by Phayie(m): 6:11am On Jul 06, 2019
Gaming › Re: Fifa Mobile 19 - Treasure Hunt Sahara - How To Beat 120 Ovr Egypt Easily!!! (get by Phayie(m): 6:11am On Jul 06, 2019
Gaming › Re: So, E3 Is Done. What Was Your Most Exciting Moment? by Phayie(m): 6:09am On Jul 06, 2019
Sports › Re: Copa America: Messi Trophy drought continues as Argentina fails yet again by Phayie(m): 10:52am On Jul 03, 2019
naijalodge:
Son:- Dad stop giving excuses
Just tell them the retirement date






Modified:
Want to dedicate this front page to my bae who’s starting her exams 2day...just wanna wish u flying colors..
And your bae no get name?

Just waiting for your answer

Politics › Re: Saraki Reacts To EFCC Plan To Arraign Him For Allegedly Diverting 12bn by Phayie(m): 7:05pm On Jul 01, 2019
Space booked
Celebrities › Re: Uti Nwachukwu Reacts As Pastor Biodun Fatoyinbo Denies Raping Busola Dakolo by Phayie(m): 9:05pm On Jun 28, 2019
landmark86:
I felt bad as a Christian with some bad comments from the so called Christians/believers.
Are you people now telling me that there are no real men of God in Nigeria anymore? Nigeria has no turn to a place now where anyone can just wakeup a night and condemn anointed men of God, so bad. And we keep Christians keep encouraging rubbish. Even TB Joshua, Bishop Oyedepo have been condemned too in the past but what was the outcome, progress & success in their ministries.

Am not a COZA member but I know Pastor Fatoyibo way backs in Ilorin, is a true man of God, but i'll never be surprise with allegation like this because that's the only thing any woman can use against him being a very handsome, good looking man. Even our Lord Jesus was also condemn during his own time.

For Timi Dakolo & his wife, I never know what they intended to gain in this, but I pray the repercussion of this doesn't affect you and your children children in future. Because the words of God said" touch not my anointed one and do my prophet no harm".

For me, I stand out as a Christian to condemn this acts, Fatoyibo is innocent.
You dey mad, even a wife can't claim to know his husband 100%, so who are u to claim u know the pastor not to have committed the said offence
Celebrities › Re: Lady Destroys Sapphire Perfume After Wale Jana Defended Pastor Fatoyinbo On Rape by Phayie(m): 8:43pm On Jun 28, 2019
kiddoiLL:
From Tonto Dike, To Regina Daniels, To Wole Soyinka. To Timi Dakolo.... in two days time, the next issue una go bombard us with na BBnaija
You're not a good student of history, how can you forget helicopter on Benin-ore road
Politics › Re: Kogi 2019: Faleke Backs Out Of Kogi Governorship Race by Phayie(m): 4:34pm On Jun 28, 2019
toprealman:
They should make Dino resign as senator first if he wants to contest.

Celebrities › Re: Why I Got Married To Adekunle Gold - Simi by Phayie(m): 5:19am On Jun 28, 2019
Megatrix:
Simi is talking too much these days. Since this wedding happen, nobody has heard anything from adekunle gold but simi everywhere cho cho cho......
Na ur talk?
Celebrities › Re: Tonto Dikeh At Stadium To Watch Africa's Cup Of Nation (Photo) by Phayie(m): 1:20pm On Jun 23, 2019
naijaboy756:
Good one Daniel Amokachi


Yehhhhhh... Who knock me?
Your village people most definitely
See them here......

Romance › Re: Woman Shocked To Discover Her Boyfriend Of Two Years Just Got Married. See His E by Phayie(m): 8:03am On Jun 22, 2019
exstreve:
After I realized the importance and relevance of this post, I went outside my gate, took a bike and went straight to my village, I informed them about this post, and all they thanked me with their whole lives, I even began to imagine where they would have been without me sharing this post with them, all we got to show back in appreciation is: wow, cool post, and thanks for sharing.
u

This guy needs help before he take snipper

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