Outlook Business Desk
Seven of India's richest individuals have collectively lost $34 billion due to the 2025 stock market downturn. According to Bloomberg Billionaires Index data, their combined net worth once exceeded $300 billion.
Gautam Adani got the biggest hit losing $10.1 billion in wealth this year bringing his net worth down to $68.8 billion. Adani Enterprises has dropped 12% year-to-date while other Adani Group stocks have also declined, Adani Green Energy by 22%, Adani Total Gas by 21.26%, Adani Energy Solutions by 6% and Adani Ports by 3%.
Mukesh Ambani India's wealthiest individual has seen a $3.13 billion decline this year but still holds the top spot with a net worth of $87.5 billion. While Reliance Industries has gained 2.54% year-to-date, Jio Financial Services has dropped 28.7%.
HCL Technologies Chairman Shiv Nadar's wealth has dropped by $7.13 billion bringing his net worth down to $36 billion.
Wipro's founder Azim Premji experienced a $2.70 billion decline in wealth this year bringing his net worth down to $28.2 billion.
Shapoor Mistry the founder of engineering and construction giant Shapoorji Pallonji Group, saw his wealth shrink by $4.52 billion bringing his net worth to $34.1 billion.
Savitri Jindal, chairperson emeritus of the OP Jindal Group, saw her wealth decrease by $2.22 billion, leaving her with a net worth of $30.1 billion.
Dilip Shanghvi, founder of Sun Pharmaceutical Industries, experienced a $4.21 billion drop in wealth reducing his net worth to $25.3 billion.