LV owner becomes the richest person in the world

Bernard Arnault surpasses Elon Musk as the world's wealthiest individual with a net worth of $207.8 billion, as reported by Forbes. LVMH's market capitalization reaches $388.8 billion, while Tesla's market cap stands at $586.14 billion. Mukesh Ambani holds the 11th position on the World's Richest Persons list with a net worth of $104.4 billion.