A dramatic stock market downturn in 2025 caused Indian billionaire tycoons Mukesh Ambani, Gautam Adani, Shiv Nadar and others to sustain a combined $34 billion in losses. These wealthy individuals have lost more than $300 billion in combined assets since the stock market downturn affected them according to Bloomberg Billionaire Index data.
Gautam Adani Faces Biggest Setback
Gautam Adani suffered the largest decline in his net worth, reaching $68.8 billion after losing $10.1 billion. At the same time, his main operating company Adani Enterprises lost 12% of its market value as several other Adani Group stocks endured significant drops. The stock prices for Adani Green Energy dropped by 22% and Adani Total Gas declined by 21.26%. The combined set of business entities operating under the Adani Group recorded negative financial results.
Mukesh Ambani, who remains India’s wealthiest individual with a net worth of $87.5 billion, also faced a decline, losing $3.13 billion this year. While his Reliance Industries saw a 2.54% increase in its stock price, the significant dip in Jio Financial Services, down by 28.7%, contributed to his overall wealth reduction.
Other Billionaire Suffer Heavy Losses
HCL Technologies founder Shiv Nadar together with Wipro chairman Azim Premji both suffered substantial losses in their net worth inventories. The wealth of Nadar declined by $7.13 billion at the same time Premji lost $2.70 billion. During this recent period, Shapoor Mistry of Shapoorji Pallonji Group experienced $4.52 billion in losses while Savitri Jindal of OP Jindal Group suffered $2.22 billion in fortune depletion. Dilip Shanghvi experienced a $4.21 billion reduction in his wealth from Sun Pharmaceutical Industries.
This market turmoil, driven by rising interest rates and broader global economic uncertainty, has impacted not just Indian billionaires but their global counterparts too. Elon Musk suffered a $126 billion loss due to a 39% plunge in Tesla stock, and Jeff Bezos and Mark Zuckerberg lost billions as well. The market’s instability has left investors and analysts grappling for insights into future economic conditions and trends.
