Bezos Loses Spot as World’s Second-Richest Person to Adani....

The Indian tycoon’s fortune is up  in 2022, while US tech stocks like Amazon sink.

Indian tycoon climbed the wealth rankings at breakneck speed this year, surpassed Jeff Bezos to become the world’s second-richest person.

Adani started year as No. 14 on the Bloomberg Billionaires Index, now has a $146.8 billion fortune that lags behind only Elon Musk’s $263.9 billion.

Shares of his flagship Adani Enterprises Ltd. surged to a record this week, and some of his group companies have climbed more than 1,000%

The nation’s largest private-sector port and airport operators, city-gas distributor and coal miner are all part of Adani’s empire

Adani’s rise coincides with a tech selloff that has shaved more than $45 billion from Bezos’s fortune