Bernard Arnault, the head of LVMH, has been overtaken by Jeff Bezos as the world's second richest person. Arnault's net worth of $155 billion, which includes fashion and cosmetics brands like Louis Vuitton and Sephora, has decreased by $7 billion in a year. Unlike others in the top ten richest list, Arnault's fortune is not tied to the technology industry, with Warren Buffet being the only exception.

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