Business

Indian tycoon Gautam Adani replaces Jeff Bezos as world’s second-richest person

Jeff Bezos has dropped to third place in the race for riches.

The Amazon founder is now the world’s third-richest person, after Indian business tycoon Gautam Adani leapf🃏rogged Bezos in th𝐆e latest .

Adani has amas⭕sed an estimated $146.8 bil🎃lion fortune that only trails Elon Musk’s $263.9 billion,

It’s the first timꦗe a person from Asia has ranked so highly on ꦍthe Bloomberg’s list, which has long been dominated by white billionaires.

Bezos trails Adani by just $19 million. Shares of e-commerce goliathꦬ Amazon are down 26% this year.

Meanwhile, shares of Adani Enterprises Ltd. have surged the past week, and some of his group of companieꦛs climbed more than 1,000% since 202💃0, according to reports. 

Adani’s rise to No. 2 coincides with a tech selloff that has chopped more than $45 billion from Bezos’s fortune since January. Bezos — once the world’s richest person — also saw his net worth significantly drop after his 2019 divorce from ex-wife MacKenzie Scott, who received 4% of Amazon.