According to Forbes rich list, Adani Group chief Gautam Adani has become the 5th richest person in the world by surpassing Berkshire Hathway CEO Warren Buffett.

As per the list, Adani’s total net worth has been estimated at $122.3 billion, which is almost $1 billion higher than Buffett’s $121.7 billion. He has now become the richest Asian in history.

Elon Musk continues to hold the first spot on the list with a total net worth of $269.7 billion. He was followed by Amazon founder Jeff Bezos with $170.2 billion. On the third and fourth spots were Louis Vuitton’s CEO Bernard Arnault at $161.2 billion and Microsoft founder Bill Gates with $130.2 billion wealth.

As per Forbes, Adani surpasses Buffett as shares of the famed investor’s Berkshire Hathaway dropped by 2% on Friday amid a broad drop in the U.S. stock market.

Adani is the founder and chairman of Adani Group, a port, and energy conglomerate with six publicly traded companies in India. Shares of each of those businesses are up by between 19% and 195% this year, as Adani has led the aggressive expansion into renewable energy, media, airports, and more.

He wants to become the world’s largest producer of green energy, with a goal of investing up to $70 billion into renewable energy projects as stated by Forbes.

Adani’s net worth grew tremendously from $8.9billion from two years ago to an estimated $50.5 billion in March 2021. This was credited to his skyrocketing share prices. His net worth almost doubled by March 2022, to an estimated $90 billion, as Adani Group stocks continue to grow further.

At the moment, Adani’s estimated net worth makes him the richest person in India. He is $19 billion wealthier than the country’s former richest billionaire, Mukesh Ambani.