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- Jeff Bezos overtook LVMH tycoon Bernard Arnault as the world's second-richest man, per Bloomberg.
- The Amazon founder's wealth has ballooned by $49 billion this year as tech stocks have soared.
- Arnault's fortune has fallen by $7 billion amid signs of a slowdown in demand for luxury goods.
LVMH founder Bernard Arnault is no longer the world's second-richest person, with his total wealth falling below Jeff Bezos' net worth amid signs of a slowdown in demand for luxury goods.