Gautam Adani world's third richest person, overtaking LVMH (LVMHF) chairman Bernard Arnault and becoming the first Asian person to take that spot.

Adani, who runs one of India's top conglomerates, is now believed to be worth approximately $137 billion, the tracker shows.

Like other billionaires around the world, Adani has seen his wealth skyrocket during the pandemic.

The founder of the eponymous Adani Group controls companies ranging from ports and aerospace to solar energy and coal.

Adani has also benefited from an uptick in coal usage, which has catapulted his ascent in recent months, according to Bloomberg.

Adani overtook fellow Indian tycoon Mukesh Ambani to become the region's wealthiest person in February.

His shot up the global wealth rankings comes as some members of the world's 1% give away more of their resources.