Written by Sam Bogda
According to Bloomberg, Indian businessman Gautam Adani has overtaken Jeff Bezos to become the second richest person in the world.
Adani climbed the rankings quickly in 2022, starting the year at number 14, according to Bloomberg’s Billionaires Index. The businessman’s fortune is now $146.9 billion, just $260 billion after Elon Musk’s fortune.
Major Adani Adani Projects Ltd (NS 🙂 hit a record high this week, while Bloomberg said some of his group companies have jumped more than 1,000% since 2020.
Meanwhile, Bezos’ net worth fell on Friday as tech stocks fell, hurting the fortunes of the Amazon founder (NASDAQ:) and some of America’s richest.
Of course, that drop to third place could be fleeting, depending on how Amazon stock performs. Although down more than 26% in 2022.
Adani overtook India’s Mukesh Ambani as the richest Asian person in February, beating Bill Gates and France’s Bernard Arnault in the past two months. Bloomberg said it was the first time a person from Asia had ranked high on the wealth index, which is usually dominated by tech entrepreneurs in the United States.