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New York
CNN Business
—
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.
It’s the first time a person from Asia has ranked so highly on Bloomberg’s list, which has long been dominated by white tech entrepreneurs.
Adani’s $146.9 billion fortune, largely tied up in holdings of his sprawling Adani Group conglomerate, still trails well behind Musk’s $260 billion. The group operates a range of businesses including ports and coal that have thrived in recent years.
Shares of some Adani companies have jumped more than 1,000%…
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