French Bernard Arnault surpasses Elon Musk as the richest person in the world

French billionaire Bernard Arnault, Chairman and CEO of the global luxury goods company Moët Hennessy Louis Vuitton, which includes brands such as Louis Vuitton, was able to surpass Elon Musk, CEO of the American electric car manufacturer Tesla, to become the richest person in the world.

The net worth of Arnault and his family rose to $207.8 billion after an increase of $23.6 billion on Friday, according to the Indian “Live Mint” website, citing Forbes magazine. On the other hand, the net worth of Tesla CEO reached $204.5 billion, while the market value of Moët Hennessy Louis Vuitton reached $388.8 billion on Friday, compared to Tesla’s market value of $586.14 billion. Tesla saw its shares drop 13% on Thursday, eroding more than $18 billion from his net worth.

Meanwhile, shares of Moët Hennessy Louis Vuitton rose more than 13% on Friday, riding a wave of optimism following strong sales reports. It is worth noting that Bernard Arnault is a French billionaire and businessman. Founder, Chairman of the Board of Directors and CEO of the Louis Vuitton Group, which specializes in selling luxury goods, which consists of seventy international luxury brands and brands, including Louis Vuitton, Dior, Fendi and Sephora.