A French national, Bernard Arnault, 74 years, has emerged as the new richest person in the world having surpassed South African-born Elon Musk.
He is worth US$208.1 billion.
Musk is now the second richest. United States’ Jeff Bezos trails behind as number three.
Bill Gates comes fourth while Warren Buffett is number five. Larry Ellison is now the sixth richest as against Steve Ballmer who is now the seventh richest.
Larry Page, Sergey Brin and Francoise Bettencourt Meyers are the eighth, ninth and tenth richest respectively.
The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.