India’s Gautam Adani, moved up one spot in Forbes’ Real-Time billionaire rankings after Bill Gates announced a huge new gift this week.

The billionaire math is simple when it comes to big charitable donations: Give money away and your net worth shrinks

That’s what happened with Bill Gates, who said Wednesday that he’s donating $20 billion to the Bill & Melinda Gates Foundation this month as part of the foundation’s effort to increase its annual giving by 50% by 2026.

The shift in funds led to Adani moving into the Forbes’ Real-Time billionaire rankings No. 4 spot— Bill Gates’ prior rank (After Adani)...

The Indian tycoon’s wealth has more than doubled since early 2021 to a current $112.9 billion.

Bill Gates falls just one spot on Forbes’ Real-Time Ranking of the World’s Billionaires, to No. 5 richest in the world, worth an estimated $102 billion at the close of U.S. trading on Thursday.