Indian Billionaires Face Heavy Losses as Stock Market Plunges:

The top ten richest Indians who suffered the most from the stock market collapse, both internationally and domestically, include Ravi Jaipuria, KP Singh, Mangal Prabhat Lodha, Gautam Adani, Shiv Nadar, and Dilip Shanghvi. Out of these, Jaipuria has been suffering the most. As the founder and chairman of RJ Corp, a conglomerate which has interests in food and beverages, healthcare and education, his wealth plummeted by almost 26% from 17.6 billion to 13.1 billion dollars. This is primarily due to the Varun Beverages stock, which has tanked nearly 25% in 2025 alone. According to Moneycontrol, these estimates have been showed with data.

K P Singh has recently lost 25% of his wealth like Jaipuria. This puts him at 13.6 billion dollars. Singh was previously the wealthiest property developer in India, and currently suffers due to his branch being one of the largest Sellers of Macrotech. Mangal Prabhat Lodha is in third place with 21% of his wealth lost. Currently having 9.8 billion dollars, Macrotech stock value is irreversibly tanking.

The decline in net worth has also greatly impacted, Gautam Adani, one of the richest men in India and the promoter of the Adani group, Shiv Nadar, who founded HCL Technologies. Adani has experienced a loss of \$63.4 billion, which is a 20 percent negative shift. Nadar too has seen a stark reduction of 20 percent, taking his net worth down to \$35.6 billion. He ranks fourth and fifth respectively in terms of wealth decline.

The founder of Sun Pharmaceutical Industries, Dilip Shanghvi, as well as Radhakishan Damani, who controls Avenue Supermarts (DMart), Zydus Lifesciences Chair Pankaj Patel, Shapoor Mistry and his family, and Savitri Jindal, India's richest woman heading the O P Jindal Group, have all experienced extreme losses.

The Indian billionaires Rahul Bhatia and Rakesh Gangwal, who founded InterGlobe Aviation, the parent company for Indigo Airlines, have been remarkably resilient during the market correction and have observed only weakened net worth.

Outside of China, ArcelorMittal is the largest steel manufacturer, and Lakshmi Mittal, the company’s chairman, only experienced a 1.4% drop in net worth. Aside from Mittal, Uday Kotak, former director of Kotak Mahindra Bank, and Benu Bangur, the emergitus chairman of Shree Cement, saw their fortunes drop by 2.7% and 4% respectively.

The re-election of Donald Trump caused a surge in global trade tensions which, along with a foreign selling spree and an alarming increase in economic stagnation, led to a drastic decrease in the Indian stock market in 2025. With the combination of declining trade and weakening growth, foreign investors had no incentive to invest.

Since the start of this calender year, the Shree Cement Bangur Net Worth has fallen over 14%, alongside a 17% decrease in the market cap of BSE Midcap and BSE Smallcap. The benchmark indices, Nifty and Sensex, have simultaneously dropped 4.5% as well.