Indian billionaire Gautam Adani has risen on the Forbes list of world’s richest to take the fourth spot, surpassing Microsoft founder Bill Gates with a net worth of over $114 billion.

This comes after Gates announced last week that he would be donating $20 billion to his non-profit organization.

Following the donation, Gates slipped one spot to be on fifth on the Forbes list with an estimated worth of $102 billion.

“I hope by giving more, we can mitigate some of the suffering people are facing right now and help fulfill the foundation’s vision to give every person the chance to live a healthy and productive life,” Gates had said in a statement.

He further wrote in his personal blog, “Through Breakthrough Energy, I will continue to invest and give money to address climate change. Overall I expect that the work in these areas will make money, which will also go to the foundation. I will move down and eventually off of the list of the world’s richest people.”

According to Forbes, Elon Musk is the richest person in the world with $230 billion net worth followed by Louis Vuitton’s Bernard Arnault at second place. Amazon’s Jeff Bezos is on the third spot.

Meanwhile, Reliance Industries’ (RIL) Mukesh Ambani occupies the tenth spot on the list with a net worth of $88 billion.

Adani had surpassed Ambani to become the richest man in Asia in February this year as his personal fortune jumped making him the world’s biggest gainer this year.

His wealth has more than doubled in the since the start of 2021 to a current $112.9 billion. Adani owns stakes in companies that bear his name and operate in power, green energy, gas, ports and more. He has said that he will invest close to $70 billion on renewable energy projects in a bid to become the world’s largest producer of green energy.