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Bernard Arnault surpasses Elon Musk as the richest person in the world, with a net worth of $207.6 billion. Arnault s rise to the top came as tech stocks struggled due to high inflation. The French billionaire s surge in net worth, driven by positive LVHM results, led him to overtake Musk. Arnault, Chairman and CEO of LVHM, saw a $23.6 billion increase, while Musk s net worth dipped by $18 billion after a 13% drop in Tesla s stock. Luxury goods group LVMH, which owns brands like Louis Vuitton and Dior, posted a 10% rise in Q4 sales, contributing to Arnault s success.

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