Despite being rated below Tesla and SpaceX creator Elon Musk, the richest man in India edged over Amazon founder Jeff Bezos for the No. 2 spot on the list of the world's richest people on Friday.
As of 5 p.m. EST, Indian billionaire Gautam Adani took Bezos' place at the top of Forbes' real-time ranking of the world's billionaires with a net worth of $152.2 billion. By the end of the day, Bezos had a net worth of $146.9 billion.
Bezos dropped to fourth on the list as Adani was subsequently replaced by French business tycoon Bernard Arnault, who had a daytime net worth of $154.7 billion.
This year, as energy prices rose, Adani, the chairman of the international company the Adani Group, saw a huge increase in his net wealth.
With investments in coal mining, data centers, airports, and renewable energy, the billionaire climbed the Forbes list while important tech titans and other billionaires in the United States slipped.
Adani started the year as No. 14 on the Bloomberg Billionaires Index, and he became the richest person in Asia in February, surpassing fellow Indian billionaire Mukesh Ambani, who is No. 8 in the world rankings, according to Forbes. Adani has more than doubled his net worth this year and moved past iconic billionaires Warren Buffett and Bill Gates, who is worth $104.6 billion.
Bezos was previously the richest man in the world before Musk rose in the ranks following a drastic increase in the worth of Tesla in 2020. Although best known for Amazon, Bezos has operations in e-commerce, cloud computing, streaming, and news media. Bezos owns the Washington Post and the aerospace company Blue Origin.
Oracle founder Larry Ellison, Buffett, Gates, and Google co-founders Larry Page and Sergey Brin also make up the top 10 wealthiest people in the world.