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Bernard Arnault, the chairman of LVMH (Louis Vuitton Moët Hennessy)

ernard Arnault, the chairman of LVMH (Louis Vuitton Moët Hennessy), has surpassed Elon Musk of Tesla to become the world's wealthiest individual. According to the latest Forbes "Real-Time Billionaires List," Arnault's net worth has reached an impressive $207.6 billion (€191.5 billion), surpassing Musk's $204.7 billion (€188.74 billion).
Arnault witnessed a remarkable surge in wealth last week, with a staggering 12.3% increase in his net worth to $22.7 billion (€20.9 billion) in a single day. In contrast, Elon Musk's wealth decreased by $18 billion (€16.6 billion) the day before, marking an 8.1% decline in his net worth.
This shift in rankings underscores the divergent paths taken by their corporate empires, a contrast that became more apparent after the release of their recent financial reports.
LVMH, under Arnault's leadership, reported a record-breaking year in 2023. The company achieved a notable increase in revenue, reaching an impressive €86.2 billion for the entire year.
This surpassed economists' expectations of €85.74 billion by a significant margin, representing a substantial 13% rise over 2022 figures.