Bernard Arnault surpasses Elon Musk as world's richest person
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Bernard Arnault, the head honcho of luxury goods giant LVMH, has dethroned Tesla CEO Elon Musk to become the world's wealthiest individual, per Forbes. Arnault's fortune skyrocketed to $207.8 billion after a $23.6 billion bump, as LVMH shares soared over 13% on Friday. In contrast, Musk trailed at $204.5 billion, as Tesla's stock plummeted 13% on Thursday, wiping off over $18 billion from his net worth. Notably, LVMH market cap hit $388.8 billion on Friday, compared to Tesla's $586.14 billion.