Indian billionaire Gautam Adani has overtaken France’s Bernard Arnault to become the world’s third richest person, according to the Bloomberg Billionaires Index. It’s the first time an Asian has broken into the top three of the Bloomberg Billionaires Index.

With a $137.4 billion fortune, Gautam Adani has overtaken France’s Bernard Arnault and now trails just Elon Musk and Jeff Bezos of the US in the ranking.

Bernard Jean Étienne Arnault is a French business magnate, investor, and art collector. He is the co-founder, chairman, and chief executive of LVMH Moët Hennessy – Louis Vuitton SE, the world’s largest luxury goods company.

With a $91.9 billion fortune Reliance Industries Ltd chairman Mukesh Ambani is at number 11 position.

Last month, the Indian billionaire replaced Bill Gates to become the world’s fourth-richest person as his net worth surged to $113 billion, surpassing the Microsoft Corporation co-founder by $230 million, according to the Bloomberg Billionaires Index.