Bernard Arnault
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Bernard Arnault passes Elon Musk to become world’s richest person

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Elon Musk has lost his crown as the world’s richest man amid a broad collapse in Tesla’s value and as he wades deeper into America’s culture wars, with each controversial tweet seeming to further erode his electric car company’s brand.

Forbes, which runs a real-time tally of the world’s richest people, said Mr Musk was worth $181.3 billion when the markets closed on Monday, a drop of $7.4 billion in one day.

He was supplanted in top spot by Bernard Arnault,  whose family own the world’s leading luxury group, LVMH. Forbes valued Mr Arnault’s fortune at $186.2 billion.

At number three is India’s Gautam Adani, chairman of the Adani Group. Amazon founder Jeff Bezos and investor Warren Buffett round out the list’s top five.

Bernard Jean Étienne Arnault,  born 5 March 1949) is a French business magnate, investor, and art collector.He is the co-founder, chairman, and chief executive of LVMH,Moet Hennessy, Louis Vuitton SE, the world’s largest luxury goods company

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