Bill Gates has lost more than $800 million from his fortune to become the third richest man of earth.

Gates, once the world’s richest man and recently second richest man, dropped to $107 billion as of July 18, 2019, according to Bloomberg’s Billionaire Index seen by Business Insider SSA.

He is now the third richest man coming right behind Jeff Bezos and Bernard Arnault, the chairman and CEO of LVMH Moet Hennessy Louis Vuitton SE, known as LVMH, the world’s largest maker of luxury goods

Arnault, the French businessman, who was estimated to worth $80.8 billion in January, has gained more than $39.1 billion in the last one year, according to the Bloomberg real-time Billionaire list.

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