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Jeff Bezos has dropped to 3rd position within the race for riches.

The Amazon founder is now the arena’s third-richest particular person, after Indian industry multi-millionaire Gautam Adani leapfrogged Bezos in the most recent Bloomberg’s Billionaire Index.

Adani has accumulated an estimated $146.8 billion fortune that most effective trails Elon Musk’s $263.9 billion, in line with Bloomberg Information.

It’s the primary time an individual from Asia has ranked so extremely at the Bloomberg’s record, which has lengthy been ruled via white billionaires.

Bezos trails Adani via simply $19 million. Stocks of e-commerce goliath Amazon are down 26% this 12 months.

In the meantime, stocks of Adani Enterprises Ltd. have surged the previous week, and a few of his team of businesses climbed greater than 1,000% since 2020, in line with stories. 

Adani’s upward thrust to No. 2 coincides with a tech selloff that has chopped greater than $45 billion from Bezos’s fortune since January. Bezos — as soon as the arena’s richest particular person — additionally noticed his internet value considerably drop after his 2019 divorce from ex-wife MacKenzie Scott, who won 4% of Amazon.

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