According to Bloomberg, Gautam Adani, who runs one of India’s top conglomerates, surpassed Jeff Bezos to become the world’s second-richest person.

The Indian tycoon has climbed the wealth rankings at breakneck speed in 2022, now registering a $146.8 billion fortune on the Bloomberg Billionaires Index.

Adani surpassed India’s Mukesh Ambani as the richest Asian in February, became a billionaire in April, and has recently surpassed Bill Gates and France’s Bernard Arnault.

Previously dominated by US tech entrepreneurs, it’s the first time someone from Asia has ranked so high in the wealth index.

Adani only lags behind Elon Musk’s $263.9 billion while Jeff Bezos trails behind by just $19 million. Shares of his flagship company, Adani Enterprises Ltd., hit a new high this week, and some of his group companies have increased by more than 1,000% since 2020.

According to Bloomberg, the shift in wealth rankings could be fleeting and is largely dependent on Amazon.com Inc. shares, which are down 26% this year.

Source: Bloomberg

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