Bernard Arnault, the billionaire chairman and CEO of global luxury goods company LVMH, that 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. Here's a list of probablesThe market cap of LVMH reached $388.8 billion on Friday, compared to Tesla’s $586.14 billion market cap. India's Reliance Industries (RIL) chairman Mukesh Ambani ranks 11th in the World's Richest Persons list, with a net worth of $104.4 billion.

Source: Forbes January 28, 2024 01:27 UTC