The nation's wealthiest citizens were not immune to Monday's stock market meltdown. According to Forbes' real-time billionaire list, the nation's top four billionaires—Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar—lost almost $10 billion in total along with regular investors as global markets plummeted.
The richest individual in India and chairman of Reliance Industries, Mukesh Ambani, suffered the greatest loss. His entire net worth dropped to $87.7 billion after his wealth dropped by $3.6 billion.
The Adani Group's CEO, Gautam Adani, lost $3 billion in wealth. He currently has $57.3 billion in net worth.
The OP Jindal Group's owners, Savitri Jindal and her family, suffered a $2.2 billion loss. They currently have $33.9 billion in wealth. According to the global wealthy list, she is now placed 45th.
HCL Technologies' founder, Shiv Nadar, was also impacted. His wealth dropped to $30.9 billion, a $1.5 billion decline.
Following a worldwide selloff, their wealth declined as stock prices plummeted. Growing trade tensions and growing concerns about a U.S. recession made investors uneasy.
The Nifty plunged below 22,000, and the Sensex fell more than 3,000 points. It was evident that every major sector was experiencing selling.
Every sectoral index was in the red. The Auto, Realty, and Oil & Gas indices all had declines of more than 5%, while Nifty Metal plunged 8% and Nifty IT fell more than 7%.
Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, "Globally, markets are going through high volatility caused by extreme uncertainty. No one knows how this situation caused by Trump tariffs will unfold. The best thing to do now is to wait and watch."
Even worse was the larger market. Mid-cap stocks declined 7.3%, while small-cap stocks sank 10%.
This year, Elon Musk, the CEO of SpaceX and Tesla, has lost $130 billion in wealth. He currently has $302 billion in net wealth. The creator of Amazon, Jeff Bezos, is now worth $193 billion after losing $45.2 billion.
The net worth of Mark Zuckerberg, the CEO of Meta, has decreased by $28.1 billion to $179 billion. The luxury business LVMH's head, Bernard Arnault, experienced a $18.6 billion decline to $158 billion.
Bill Gates suffered as well, losing $3.38 billion to $155 billion. He is now on par with Warren Buffett as a result.
Warren Buffett is the only billionaire who is not losing money in 2025. This year, the well-known investor has increased his wealth by $12.7 billion. Despite the ongoing decline in markets, his net worth is about $155 billion.
