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India’s Gautam Adani is ranked second among the world’s wealthiest people.

According to NDTV, citing Forbes, Gautam Adani, the founder and chairman of the Indian giant Adani Group, has eclipsed Bernard Arnault of Louis Vuitton and Jeff Bezos, the CEO of

According to the American business magazine’s real-time billionaires list, Adani is currently worth $154.7 billion, while Elon Musk continues to hold the title of richest person in the world with a net worth of $273.5 billion.

Last month, the Indian businessman, who is also the richest person in Asia, moved up to the third position on the wealthy list, passing Arnault, who is now third with a family net worth of $153.5 billion.

Adani is the CEO of Adani Group, the third-largest conglomerate in India behind Tata Group and Reliance Industries, according to India Today.The business tycoon is involved in a number of sectors, including gas, green energy, and airports. The group now wants to enter the telecom industry.