Bernard Arnault Overtakes Elon Musk as World's Richest: Forbes Report

Wealth Ranking

New York: Bernard Arnault, CEO and chairman of Moët Hennessy Louis Vuitton, has overtaken Tesla co-founder Elon Musk to become the richest man on the list. The figure was released by Forbes. According to the report, the wealth of French billionaire Louis Vuitton and his family increased by 23.6 billion dollars to 207.6 billion dollars.

Musk’s net worth is $204.7 billion. There is a 13 percent decline in Musk’s net worth compared to the previous year. That is 18 billion dollars. The two billionaires were fighting each other for the first position in terms of wealth.

The top 10 billionaires and their net worth according to the report released by Forbes.

1. Bernard Arnault and family ($207.6 billion)

2. Elon Musk ($204.7 billion)

3. Jeff Bezos ($181.3 billion)

4. Larry Ellison ($142.2 billion)

5. Mark Zuckerberg ($139.1 billion)

6. Warren Buffett ($127.2 billion)

7. Larry Page ($127.1 billion)

8. Bill Gates ($122.9 billion)

9. Sergey Brin ($121.7 billion)

10. Steve Ballmer ($118.8 billion)

Meanwhile, Musk is the world’s richest person with a net worth of $199 billion, according to the Bloomberg Billionaires Index. Close behind is Jeff Bezos with a net worth of $184 billion. Bernard Arnault is in third place with a net worth of $183 billion.