Adani Group Chairman Gautam Adani has become the world's fifth-richest person overtaking legendary investor Warren Buffett. according to the report.
As per the Forbes magazine data, the 91-year-old Warren Buffett's net worth stood at $121.7 billion, while Adani's net worth is estimated $123.7 billion.
Adani’s net worth has made 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), the report said.
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.
There are now only four people on the planet richer than Adani, according to Forbes' real-time billionaire tracker.
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).