Jeff Bezos and Bill Gates belong to an exclusive club of people worth over $100 billion, and it just got its 3rd member

Europe's richest man has joined Jeff Bezos and Bill Gates by becoming worth more than $100 billion.

French luxury fashion magnate Bernard Arnault edged over the landmark net worth on Wednesday, according to the Bloomberg Billionaires Index.

Arnault is chairman of LVMH, a group which owns brands including Dior, Louis Vuitton, and Moet & Chandon. Bloomberg reports that his wealth has grown by nearly $32 billion this year, the most out of anyone on its Billionaires index.

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At time of writing Arnault is $6 billion behind Microsoft cofounder Gates who's worth $106 billion, and $19 billion behind Amazon CEO Bezos, the richest man in modern history.

Arnault was among the crop of billionaires to pledge money to repair Notre-Dame cathedral in Paris. Arnault pledged €200 million ($224 million), although a senior press official at Notre-Dame told the AP last week that the big donations from billionaires such as Arnault had yet to materialise.

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