Fashion mogul surpasses Elon Musk to become world’s richest man. His net worth is…

Since 2022, the two billionaires have been engaged in a tug-of-war for wealth.

Moët Hennessy Louis Vuitton (LVMH) chairman and CEO Bernard Arnault has surpassed Elon Musk to become the world’s richest man.according to ForbesThe French billionaire and his family’s net worth rose to $207.6 billion after adding $23.6 billion.

On Friday, Mr. Arnault’s net worth surpassed Tesla CEO’s net worth of $204.7 billion, which fell 13%. Musk lost more than $18 billionthe report added.

The two billionaires have been locked in a tug-of-war over their fortunes since 2022, with Mr Arnault reportedly taking the top spot later that year.

The report shows that LVMH, the entity behind luxury brands such as Dior, Bulgari and Sephora, has a market value of US$388.8 billion, while Tesla’s market value is US$586.14 billion.

According to Forbes’ real-time billionaire rankings, the top 10 richest people in the world are:

Bernard Arnott family ($207.6 billion)

Elon Musk ($204.7 billion)

Jeff Bezos ($181.3 billion)

Larry Ellison ($142.2 billion)

Mark Zuckerberg (139.1 billion)

Warren Buffett ($127.2 billion)

Larry Page ($127.1 billion)

Bill Gates ($122.9 billion)

Sergey Brin ($121.7 billion)

Steve Ballmer (118.8 billion).

But, that Bloomberg Billionaires IndexOn the other hand, it is claimed that Musk is still the richest man in the world, with a net worth of $199 billion.

Following Elon Musk is Jeff Bezos, founder of e-commerce giant Amazon, with a fortune of $184 billion.

Bernard Arnault ranks third on the Bloomberg Billionaires Index with a net worth of $183 billion.

Meanwhile, last April, Bernard Arnault’s wealth passes $200 billion As the company’s stock price hits an all-time high. Mr Arnott becomes the third person to achieve the milestone, following Elon Musk and Jeff Bezos.

At that time, Mr. Arnault’s net worth increased by $2.4 billion to $201 billion, according to the Bloomberg Billionaires Index.

Arnault’s wealth increased by $39 billion in 2023 after LVMH shares rose 30% as demand for luxury goods soared.