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

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

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

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