Bernard Arnault, the French billionaire and CEO of luxury conglomerate LVMH, overtook Elon Musk to become the world’s richest person on Thursday after shares in his company surged nearly 1.5% in morning trading in Europe.

<div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/666178ab1a30cad11ae11ae3/8th-Viva-Technology---Day-Two-In-Paris/960x0.jpg?cropX1=0&amp;cropX2=3508&amp;cropY1=123&amp;cropY2=2096" alt="8th Viva Technology : Day Two In Paris" width="100%" height="auto"></div><figcaption><fbs-accordion class="expandable" current="-1"><p class="color-body light-text">Chairman &amp; Chief Executive Officer of LVMH, Bernard Arnault overtook Elon Musk to become the richest <span class="plus" data-ga-track="caption expand">... [+]</span><span class="expanded-caption"> person in the world on Thursday.</span></p></fbs-accordion><small>Getty Images</small></figcaption>

 <div class="key-facts-element"> <p>With an estimated net worth of $210.1 billion, Arnault has overtaken the Tesla CEO, whose fortune is $208.6 billion.</p>  </div> <div class="key-facts-element"> <p>Arnault’s wealth rose $7.7 billion on Thursday as LVMH’s shares jumped 1.45% to $830 (€763.50).</p>  </div>


According to Forbes’ tracker, Arnault’s fortune rose by more than $7.5 billion on Thursday.{ai:summary}<p>French LVMH CEO, Bernard Arnault, surpasses Elon Musk as world's richest person as company shares rise in Europe. Arnault's net worth now at $210.1 billion, overtaking Musk at $208.6 billion. #economy</p>

Bernard Arnault Overtakes Elon Musk To Become World’s Richest Again

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