Bernard Arnault is now the richest person in the world, surpassing Elon Musk.

Bernard Arnault, the chairman and CEO of the French luxury conglomerate LVMH, has overtaken Elon Musk as the wealthiest individual globally!

Arnault's rise to the top is due to his immense wealth, which holds considerable weight in France's economy, while Musk has seen a notable decrease in his net worth.

Despite experiencing a dip in net worth in 2022, Arnault's financial standing hasn't stopped him from claiming the number one spot on the Bloomberg Billionaires Index.

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