Due to his divorce and a down market, Bezos overtaken by Indian billionaire Gautam Adani

The Amazon founder is now the world’s third-richest person, after Indian business tycoon Gautam Adani leapfrogged Bezos in the latest Bloomberg’s Billionaire Index.

Adani has amassed an estimated $146.8 billion fortune that only trails Elon Musk’s $263.9 billion, according to Bloomberg News.

Bezos trails Adani by just $19 million. Shares of e-commerce goliath Amazon are down 26% this year.

Adani’s rise to No. 2 coincides with a tech selloff that has chopped more than $45 billion from Bezos’s fortune since January. Bezos — once the world’s richest person — also saw his net worth significantly drop after his 2019 divorce from ex-wife MacKenzie Scott, who received 4% of Amazon.

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The poor BOOBOO

Even American billionaires who are typically immune to economic downturns are suffering under Joe Biden’s economy.

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Yeah…suffering…must be terrible.

American Oligarchs

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