India’s Top 7 Billionaires Lose $34 Billion Amid Stock Market Slump
Mukesh Ambani Loses $3.13 Billion This Year but Retains Title as India's Richest Man with $87.5 Billion Net Worth
India’s Billionaires Lose $34 Billion In Market Collapse
In a stock market bloodbath, seven of India’s richest people such as Mukesh Ambani, Gautam Adani, Shiv Nadar, Azim Premji, and Shapoor Mistry together lost a massive $34 billion from a sharp market selloff in 2025. This sudden dip has caused ripples among India’s business aristocracy, evidencing the uncertainties of global markets.
Gautam Adani Suffers Maximum Loss
Among the worst affected is industrialist Gautam Adani, whose wealth has declined by a whopping $10.1 billion this year, bringing his net worth down to $68.8 billion. His flagship firm, Adani Enterprises, has fallen 12%, while other Adani Group shares have also taken a hit:
Adani Green Energy: Down 22%
Adani Total Gas: Down 21.26%
Adani Energy Solutions: Down 6%
Adani Ports: Down 3%
Mukesh Ambani Retains Top Position Despite Blip
India’s wealthiest man, Mukesh Ambani, has also lost his wealth, down by $3.13 billion this year. Yet, with a net worth of $87.5 billion, he remains the richest Indian. While Reliance Industries has risen 2.54%, the fall of Jio Financial Services by 28.7% has added to his losses.
Other Billionaires Witness Wealth Erasure
The market volatility has affected a number of business tycoons from various industries:
Shiv Nadar (HCL Technologies) lost $7.13 billion, reducing his wealth to $36 billion.
Azim Premji (Wipro) lost $2.70 billion, reducing his wealth to $28.2 billion.
Shapoor Mistry (Shapoorji Pallonji Group) lost $4.52 billion, reducing his wealth to $34.1 billion.
Savitri Jindal (OP Jindal Group) lost $2.22 billion, reducing her wealth to $30.1 billion.
Dilip Shanghvi (Sun Pharmaceutical) lost $4.21 billion, bringing his net worth down to $25.3 billion.
Global Billionaires Take a Beating
The stock market shakeout is not limited to India. Across the globe, fortunes of billionaires are disappearing:
Elon Musk, the richest person on the planet, has taken a staggering $126 billion hit as Tesla stocks fell by 39%.
Jeff Bezos (Amazon) had $21.2 billion erased from his wealth.
Mark Zuckerberg (Meta) registered a $6.61 billion decline in his net worth.
As international markets continue to be volatile, experts caution that billionaire losses may pile up even higher in the months ahead, redrawing the financial power map.
