Siladitya Ray is a reporter on the Forbes news team who covers major world news stories breaking overnight with a focus on technology and online platforms. He joined Forbes in 2020 and works in New Delhi.
Bernard Arnault , the French billionaire and CEO of luxury conglomerate LVMH, overtook Elon Musk to become the world’s richest person on Thursday after shares in his company surged nearly 1.5% in morning trading in Europe.
With an estimated net worth of $210.1 billion, Arnault has overtaken the Tesla CEO, whose fortune is $208.6 billion.We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to 335-0739 or sign up5.5%. That is how much LVMH shares have risen since the start of the year. In comparison, Tesla shares—which make up about$6 billion at an $18 billion pre-money valuation.
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