Bernard Arnault, the billionaire chairman and CEO of global luxury goods company LVMH, which includes brands like Louis Vuitton, is now the richest man in the world, overtaking Elon Musk.
According to Forbes magazine, Arnault and his family’s net worth soared to $207.8 billion after a $23.6 billion increase on Friday. On the other hand, the net worth of Tesla’s CEO stood at $204.5 billion, Forbes real-time billionaires list noted.
Key Facts About Bernard Arnault
- Arnault and his family’s net worth grew to $207.8 billion after a $23.6 billion increase on Friday, passing Musk’s $204.5 billion, according to the Forbes real-time billionaires list.
- The news comes as Musk’s Tesla struggled in the stock market Thursday, dropping 13%, with Musk losing more than $18 billion in net worth.
- Meanwhile, LVMH shares were soaring Friday, up over 13% as of 11 a.m. on the heels of news of strong sales.
Elon Musk’s Net Worth Drops About
On Friday, Mr. Bernard Arnault’s net worth passed the Tesla CEO’s $204.7 billion net worth, which dropped 13 percent with Mr Musk losing more than $18 billion, the report added.
The two billionaires have been engaged in wealth tug-of-war since 2022, with Mr Arnault reportedly securing the top spot late in that year.
Top 10 Richest Men Of World
According to the Forbes real-time billionaires list, the top 10 richest people in the world are-
- Bernard Arnault & Family ($207.6 billion)
- Elon Musk ($204.7 billion)
- Jeff Bezos ($181.3 billion)
- Larry Ellison ($142.2 billion)
- Mark Zuckerberg (139.1 billion)
- Warren Buffett ($127.2 billion)
- Larry Page ($127.1 billion)
- Bill Gates ($122.9 billion)
- Sergey Brin ($121.7 billion)
- Steve Ballmer (118.8 billion)
Meanwhile, last year in April, Bernard Arnault saw his fortune exceed $200 billion as shares of the company hit a record high. Mr Arnault became the third person to achieve this milestone, which was earlier achieved by Elon Musk and Jeff Bezos.