Elon Musk Loses World's Richest Person Title To Louis Vuitton's Bernard Arnault, Check Out Top 10

With Tesla's share price down 25% this year, its CEO Elon Musk has lost the title of world's richest person to Louis Vuitton CEO Bernard Arnault.

Elon Musk Loses World's Richest Person Title To Bernard Arnault

Elon Musk Loses World's Richest Person Title To Louis Vuitton's Bernard Arnault/lvmh

As per Forbes, Bernard Arnault, who is the Chairman and CEO of luxury goods giant LVMH, which includes brands like Louis Vuitton and Christian Dior, is now the richest person in the world, overtaking Tesla CEO Elon Musk. According to Forbes real time billionaires list, Bernard Arnault and his family's net worth stands at $207.8 billion, whereas Elon Musk's net worth stands at $204.5 billion.

France's Arnault is also the only non American in the list of world's 10 richest people currently. The market cap of Arnault's LVMH is currently $397 billion, compared to Tesla¡¯s $574 billion market cap.

Also Read: Why World's Richest Person Bernard Arnault Is Auditioning His 5 Children

List Of World's 10 Richest Persons

forbes richest list/forbes

According to the Forbes real-time billionaires list, the top 10 richest people in the world are-

1.Bernard Arnault & Family-$207.6 billion

2.Elon Musk-$204.7 billion

3.Jeff Bezos-$181.3 billion

4.Larry Ellison-$142.2 billion

5.Mark Zuckerberg-$139.1 billion

6.Warren Buffett-$127.2 billion

7.Larry Page-$127.1 billion

8.Bill Gates-$122.9 billion

9.Sergey Brin-$121.7 billion

10.Steve Ballmer-$118.8 billion

Ambani & Adani In World's Richest People List

gautam adani and mukesh ambani/et

Asia and India's richest person Mukesh Ambani ranks 11th in Forbes list at present, with a net worth of $104.4 billion. Fellow Indian billionaire Gautam Adani stands at the 16th place, having a net worth of $75.7 billion.

Also Read: Why Apple CEO Tim Cook Once Rejected Elon Musk's Offer To Buy Tesla

More About World's Richest Person Bernard Arnault

bernard arnault/forbes

Bernard Arnault was born on March 5, 1949, into an industrial family in Roubaix, France. He attended the Roubaix lyc¨¦e as well as the Faidherbe lyc¨¦e in Lille. He continued his studies at the Ecole polytechnique after that.

That year, he started working for the Ferret-Savinel construction company as an engineer. He was subsequently promoted to executive management roles, and in 1978, he was made chairman.

Up until 1984, when he started the Financi¨¨re Agache holding company's reorganization, Arnault stayed there. He started a plan to build the most successful luxury goods company in the world while also bringing the group back to profitability. In the process, he gave Christian Dior new life as the foundation of the fledgling company.

When Arnault acquired a majority stake in LVMH Mo?t Hennessy - Louis Vuitton in 1989, the world's preeminent luxury goods group was formed. Since then, Arnault has served as the company's chairman and CEO.

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