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Adani Becomes World’s Third Richest Trailing Only Musk, Bezos

  • Indian tycoon’s fortune has climbed to $137.4 billion
  • Concerns grow over debt, opaque shareholder structures
 Gautam Adani, center.
 Gautam Adani, center.Photographer: Tomohiro Ohsumi/Bloomberg  
Updated on

Few outside of India had heard of Gautam Adani just a few years ago. Now the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person. 

It’s the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index -- fellow citizen Mukesh Ambani and China’s Jack Ma never made it that far. With a $137.4 billion fortune, Adani has overtaken France’s Bernard Arnault and now trails just Elon Musk and Jeff Bezos of the US in the ranking.