Gautam Adani is now World's 5th Richest Person

According to Forbes estimates, the net worth of 59-year-old Gautam Adani surged to $123.7 billion as of Friday's market close, while Warren Buffett's net worth stood at $121.7 billion. Buffett is 91 years old.

Adani's estimated $123.7 billion net worth makes him the richest person in India, $19 billion wealthier than the country's number 2, Mukesh Ambani (who's worth an estimated $104.7 billion), Forbes said in a report.

Adani surpassed Buffett as shares of the famed investor's Berkshire Hathaway dropped by 2 per cent on Friday amid a broad drop in the US stock market.

The four persons who are richer than Adani include Microsoft cofounder Bill Gates (worth an estimated $130.2 billion),  French luxury goods king Bernard Arnault ($167.9 billion),  Amazon founder Jeff Bezos ($170.2 billion) and  Tesla and SpaceX chief Elon Musk ($269.7 billion).

Gautam Shantilal Adani  is an Indian billionaire industrialist and philanthropist.  He is the chairman and founder of the Adani Group, an Ahmedabad-based multinational conglomerate involved in port development and operations in India.

Adani is also the president of the Adani Foundation, which is primarily led by his wife, Priti Adani.  As of April 22, 2022, he is the richest man in Asia, and India surpassing Mukesh Ambani, with a net worth of US$126.0 billion according to Forbes making him the 5th richest person in the world.

Adani was born on 24 June 1962 in a Gujarati Jain family to Shantilal and Shanti Adani in Ahmedabad, Gujarat.