India'sAdani passes Bezos to become world's second richest

India'sAdani passes Bezos to become world's second richest

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 leapfrogged Bezos in the latest Bloomberg’s Billionaire Index.

Adani has amassed an estimated $146.8 billion fortune that only trails Elon Musk’s $263.9 billion, according to Bloomberg News.

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

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

Meanwhile, shares of Adani Enterprises Ltd. have surged the past week, and some of his group of companies climbed more than 1,000% since 2020, 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.