On Thursday, Bernard Arnault, the French billionaire and CEO of luxury conglomerate LVMH, surpassed Elon Musk to become the world’s richest person. This shift occurred after shares in LVMH surged nearly 1.5% in morning trading in Europe, giving Arnault an estimated net worth of $210.1 billion compared to Musk’s $208.6 billion fortune.
Arnault’s wealth saw a significant increase of $7.7 billion on Thursday as LVMH’s shares rose by 1.45% to $830 (€763.50). This development marks a milestone for Arnault, who has now taken the top spot as the wealthiest individual globally.
The competition for the title of the world’s richest person remains fierce, with individuals like Arnault and Musk constantly vying for the top position. As this story continues to unfold, it highlights the ever-changing dynamics of wealth and the fluctuations that can occur in the world of billionaires.