Business mogul Gautam Adani has surpassed Bernard Arnault of Louis Vuitton to become the third-richest person in the world, according to the Bloomberg Billionaires Index.

Gautam Adani is ranked third in the most recent Bloomberg Billionaires Index list, behind Elon Musk of Tesla and Jeff Bezos of Amazon. The estimated net worth of Gautam Adani is USD 137 billion, and that of Bernard Arnault is USD 136 billion.

According to reports, this is the first time a person of Asian origin has broken into the top three of the Bloomberg Billionaires Index.

Mukesh Ambani, the CEO of Reliance, is ranked 11th on the Bloomberg Billionaires Index with a total net worth of USD 91.9 billion.

The Bloomberg Billionaires Index is a daily ranking index of the world's billionaires updated at the close of every trading day in New York.