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Elon Musk is surpassed by Bernard Arnault as the world’s richest person. View the most recent net worth

The world’s richest person is now Bernard Arnault, the founder, chairman, and CEO of the luxury goods company LVMH (Louis Vitton), surpassing even Elon Musk.

The magazine claims that the Arnault family’s wealth increased by $23.6 billion on Friday to reach $207.8 billion. In contrast, Musk’s wealth had decreased by over $18 billion to $204.5 billion.

According to the Forbes Real Time Billionaire List on Sunday, the French tycoon and his family were worth $207.6 billion, while Musk was valued at $204.7 billion. Mark Zuckerberg, Jeff Bezos, and Larry Ellison completed the top five.

However, the Bloomberg Billionaires Index reveals that Musk, who is the owner of businesses like Tesla, SpaceX, and X (formerly Twitter), is still the richest person in the world.

With a net worth of $104.4 billion, Reliance Industries Limited (RIL) chairman Mukesh Ambani is the richest person outside of the top 10 and the wealthiest Asian. Gautam Adani, the chairman of Adani Group, is the second richest Asian, having amassed a fortune of $75.7 billion, ranking 16th.