Gautam Adani Back At No. 3 On Forbes Rich List

New Delhi: Chairperson of Adani Group, Gautam Adani slipped to third place on the Forbes real-time billionaires list. He has been displaced by Louis Vuitton’s Bernard Arnault in the second place, with about a billion separating the two. Adani’s net worth declined by $1.27 billion to $140.2 billion, due to a deep sell-off in the Indian benchmark equity index, while Bernard Arnault’s net worth stood at $141.2 billion. Tesla CEO Elon Musk’s wealth rose further away to $259.8 billion. Despite Wall Street stocks collapse, he is well ahead of Bernard Arnault and Gautam Adani. Wall Street stocks have collapsed deeper into a bear market, with the S&P 500 enduring its worst run since the beginning of 2020. After domestic benchmarks fall for the seventh straight session on Wednesday, the fall in Indian stocks has been deeper. 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