Forbes Reveals Who Elon Musk Has Lost His Wealth Title To

French billionaire and CEO of the LVMH conglomerate, Bernard Arnault, has surpassed American entrepreneur Elon Musk to become the world's richest person after a nearly 1.5% increase in his company's stock price. This is reported by Forbes.

With a net worth of $210.1 billion, Arnault has moved ahead of the Tesla CEO, whose wealth stands at $208.6 billion. On Thursday, Arnault's fortune increased by $7.7 billion, following a 1.45% rise in LVMH's stock price, reaching $830 per share (€763.50).