Gautam Adani now world's third richest man

Indian billionaire tycoon Gautam Adani briefly became the world’s second richest man, replacing Bernard Arnault by a whisker on the Forbes list.

The Adani Group chairman’s net worth now stands at $155.5 billion ( ₹12.37 lakh crore). Later, the Louis Vitton boss climbed to the second spot while Adani was placed at No.3.

According to the Forbes Real Time Billionaires List, Adani’s net worth rose by $5.2 billion, a hike of 3.49 per cent. Tesla founder Elon Musk continues to occupy the top position in the rich list.

In the top 10 list, Reliance Industries chairman Mukesh Ambani is the second Indian with a net worth of $92.2 billion. The other billionaires in the top ten list include Bill Gates, Larry Ellison, Warren Buffett, Larry Page and Sergey Brin.