29
Jan
Bernard Arnault, the billionaire chairman and CEO of global luxury goods company LVMH—the entity behind dozens of luxury goods brands like Louis Vuitton and Sephora—is now the richest man in the world, passing Elon Musk. Arnault and his family’s net worth grew to $207.8 billion after a $23.6 billion increase on Friday, passing Musk’s $204.5 billion, according to the Forbes real-time billionaires list. The news comes as Musk’s Tesla struggled in the stock market Thursday, dropping 13%, with Musk losing more than $18 billion in net worth. Meanwhile, LVMH shares were soaring Friday, up over 13% as of 11 a.m. on the heels of…