What This Centi-Billionaire Fashion Magnate Can Teach You About Investing
There are 2,208 billionaires on earth, according to Forbes. But only three are rich enough to qualify as "centi-billionaires"-worth $100 billion or more.
Amazon (AMZN) CEO Jeff Bezos is number one. Microsoft founder (MSFT) Bill Gates is number two. Number three will probably surprise you.
It's not super-investor Warren Buffett. It's not Facebook (FB) CEO Mark Zuckerberg. It's not a hedge fund manager, a banker, or a Russian oligarch.
The World's Third-Richest Man
The third-richest person on earth is a French guy who sells women's purses. This past week, Bernard Arnault's personal fortune grew to $100.4 billion.