Bernard Arnault overtakes Elon Musk as world’s richest man

WASHINGTON: Elon Musk has once again ceded No.1 position as the richest person in the world to French luxury goods company LVMH’s Chairman Bernard Arnault. Now, with a net worth of $208.8 billion, Bernard Arnault is the richest person on the planet, leaving behind Elon Musk whose net wealth is now at $204.7 billion, according to Forbes.

Elon Musk and Arnault often switch places on the Forbes‘ ‘Real-Time Billionaires List’. Bernard Arnault is the chief executive officer of luxury brand Louis Vuitton’s parent company LVMH, while Elon Musk is the CEO of Tesla, SpaceX and X.

After Bernard Arnault and Elon Musk, the third position is now occupied by Jeff Bezos with a net worth of $181.3 billion, followed by Larry Ellison ($142.2 billion), Mark Zuckerberg ($139.1 billion) and Warren Buffett ($127.2 billion).

Bernard Arnault overtook Elon Musk as the richest person in the world on Friday.

According to Forbes, the market cap of LVMH — the company behind luxury goods brands like Dior, Bulgari, and Sephora — hit $388.8 billion on Friday, January 26, compared with Tesla’s $586.14 billion.