• 11 months ago
Bernard Arnault, the chairman and CEO of luxury group LVMH, has surpassed Elon Musk to become the richest person in the world, according to Forbes. Arnault's net worth rose to $207.6 billion on Friday, passing Musk's net worth of $204.7 billion after the Tesla CEO lost over $18 billion. The two billionaires have been engaged in a wealth tug-of-war, with Arnault previously topping the list in late 2022. LVMH's market cap reached $388.8 billion compared to Tesla's $586.14 billion, boosting Arnault's fortune.

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