Indian tycoon Gautam Adani named world’s third richest person

Billionaire becomes first Asian person to break into the top three of world's wealthy

The Indian tycoon Gautam Adani has been named the world's third richest person with an estimated $137bn (117bn) fortune and becomes the first Asian person to break into the top three of world's wealthy.

Adani, 60, who founded the mining-to-energy conglomerate Adani Group after dropping out of university, was on Tuesday ranked third on the daily-updated Bloomberg Billionaires Index.