Adani Group chairman, Gautam Adani on Monday became the fifth richest person in the world, overtaking Berkshire Hathaway chairman, ace investor Warren Buffett.

According to the Forbes’ real-time billionaires list, Gautam Adani has an estimated net worth of $122.3 billion while Buffett’s fortune stands at $121.7 billion.

In terms of net worth, Adani is now only behind four people in the Forbes list –Microsoft co-founder Bill Gates ($130.2 billion), LVMH owner Bernard Arnault ($167.9 billion), Amazon founder Jeff Bezos ($170.2 billion), and Tesla chief Elon Musk ($269.7 billion). Adani’s net worth has risen from $50.5 billion in 2021 to $122.3 billion till date, according to Forbes.

The Adani Group has seven listed companies, including Adani Enterprises, Adani Ports, Adani Power, Adani Total Gas, Adani Green Energy and Adani Transmission. Adani Wilmar is their latest debutant, which was listed earlier this year.

The surge in Gautam Adani’s net worth in the last couple of weeks is a result of sharp rally in several Adani Group shares. Shares of Adani group firms soared this year helping him not only become a centibillionaire but also move up the ladder on the billionaires list.