Indian industrialist and founder of Adani Group Gautam Adani on Monday became the world’s fifth-richest person, topping Berkshire Hathaway chairman and legendary investor Warren Buffett.
According to Forbes estimates, 59-year-old Adani has a net worth of $123.7 billion while Buffett's net worth stands at $121.7 billion.
Adani surpassed Buffett as the latter's Berkshire Hathaway dropped by 2 percent on Friday amid a broad drop in the US stock market.
Adani has added a massive $43 billion in wealth to his name so far this year.
Now, only four billionaires – Elon Musk, Jeff Bezos, Bernard Arnault and Bill Gates – are ahead of Adani.
With this, he also became the richest person in India, $19 billion wealthier than another Indian industrialist, Mukesh Ambani, whose net worth is estimated to be $104.7 billion.
Earlier this year, Adani surpassed Ambani to become Asia’s richest person.
According to Forbes, two years ago the net worth of Adani was estimated to be only $8.9 billion. His wealth spiked to an estimated $50.5 billion in March 2021 and almost doubled to $90 billion in March 2022, as Adani Group stocks showed stupendous growth.