Jeff Bezos just lost his status as the world's second-richest person, dropping to No. 3 as Indian business mogul Gautam Adani rapidly climbs the ranks of Bloomberg's Billionaire Index.
Jeff Bezos just lost his status as the world’s second-richest person, dropping to No. 3 as Indian business mogul Gautam Adani rapidly climbs the ranks of Bloomberg’s Billionaire Index. Elon Musk, still the No. 1 wealthiest person with $260 billion to his name, may need to watch his back. Adani has taken less than 10 months to reach the No. 2 spot after starting the year in 14th.
Shares of some Adani companies have jumped more than 1,000% since June 2020 — reflecting investor optimism about the conglomerate’s strength in areas like infrastructure and renewable energy that Prime Minister Narendra Modi has prioritized for development. Shares of his flagship Adani Enterprises are up more than 115% in 2022. In February, Adani overtook fellow Indian tycoon Mukesh Ambani to become Asia’s wealthiest person. Bezos’s net worth slumped to $145.
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