LVMH CEO Bernard Arnault smiles while standing outside
Bernard Arnault, the CEO and chairman of LVMH, is now worth $201 billion.
  • LVMH CEO Bernard Arnault's net worth surpassed $200 billion on Tuesday.
  • He is the third person ever — after Elon Musk and Jeff Bezos — to reach this level of wealth.
  • Arnault's fortune grew on the back of LVMH's soaring stock price, which is up nearly 25% this year.

Bernard Arnault, the CEO and cofounder of LVMH Moët Hennessy Louis Vuitton, is the richest person in the world — and has just reached a new financial milestone.