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Bezos Loses Spot as World’s Second-Richest Person to Adani

The Indian tycoon’s fortune is up more than anyone else’s in 2022, while US tech stocks like Amazon sink.

Jeff Bezos, founder of Amazon.com Inc. Its shares have fallen 26% this year.

Jeff Bezos, founder of Amazon.com Inc. Its shares have fallen 26% this year.

Photographer: Robert Perry/EPA
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Gautam Adani, the Indian tycoon who has climbed the wealth rankings at breakneck speed this year, surpassed Jeff Bezos to become the world’s second-richest person. 

Adani, who started the year as No. 14 on the Bloomberg Billionaires Index, now has a $146.8 billion fortune that lags behind only Elon Musk’s $263.9 billion. Shares of his flagship Adani Enterprises Ltd. surged to a record this week, and some of his group companies have climbed more than 1,000% since 2020.