India's top 7 billionaires lose $34 billion amid stock market slump 
Economy / वित्त और द्रव्य

India's top 7 billionaires lose $34 billion amid stock market slump

Mukesh Ambani, India's richest person, lost $3.13 billion this year, though he still remains India's richest man with a net worth of $87.5 billion.

JJ News Desk

Seven of India’s richest people, including Mukesh Ambani, Gautam Adani, Shiv Nadar, Azim Premji, Shapoor Mistry and others, have lost a massive $34 billion owing to the stock market selloff in 2025. Together, these billionaires had a combined net worth of over $300 billion, as per Bloomberg Billionaire index data, but their fortunes have taken a significant hit as market conditions remain volatile.

Among them, Gautam Adani has suffered the most, with his wealth shrinking by $10.1 billion this year, bringing his net worth down to $68.8 billion. His company, Adani Enterprises, has fallen 12% this year. Other Adani Group stocks, like Adani Green Energy, decreased by 22%, Adani Total Gas lost 21.26%, while Adani Energy Solutions and Adani Ports dipped by 6% and 3%, respectively.

Mukesh Ambani, India’s richest person, lost $3.13 billion this year, though he still remains India's richest man with a net worth of $87.5 billion. While Reliance Industries is up 2.54% this year, Jio Financial Services is down 28.7%.

Shiv Nadar, the chairman of HCL Technologies, witnessed a decline of $7.13 billion in his wealth. His net worth currently stands at $36 billion.

Wipros’ Azim Premji saw a drop of $2.70 billion this year and presently, his current net worth is at $28.2 billion

Shapoor Mistry, the man behind the engineering and construction giant Shapoorji Pallonji Group, suffered a decline of $4.52 billion, with his fortune now standing at $34.1 billion.

Savitri Jindal, chairperson emeritus of the OP Jindal Group, has lost $2.22 billion, leaving her with a net worth of $30.1 billion. Dilip Shanghvi of Sun Pharmaceutical Industries saw his fortune decrease by $4.21 billion, bringing his net worth down to $25.3 billion.

Meanwhile, the impact of the stock market downturn extends beyond India. On the global level, Elon Musk, the richest person in the world, witnessed a loss of $126 billion, triggered by a slump of 39% in Tesla shares this year. Other billionaires, including Amazon’s Jeff Bezos, lost $21.2 billion and Meta’s Mark Zuckerberg lost $6.61 billion year-to-date.

Source: India Today

Stay connected to Jaano Junction on Instagram, Facebook, YouTube, Twitter and Koo. Listen to our Podcast on Spotify or Apple Podcasts.

Harihar Kshetra Sonepur Fair Faces Indefinite Closure as Villagers and Shopkeepers Protest License Delay

India strongly condemns civillian deaths in Israel-Hamas conflict, says PM Modi

Renewed drilling begins to rescue 40 men trapped in Indian tunnel for fifth day

'Uncontrolled Re-entry': Part of Chandrayaan-3's Launch Vehicle Enters Earth's Atmosphere, Says ISRO

Uttar Pradesh: Five Arrested for Gang Rape of Employee at Agra Homestay