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India’s wealthiest individuals faced a massive financial hit in Monday’s stock market crash, which saw billions of dollars wiped off global markets. Along with retail investors and institutional players, some of the country’s most prominent business leaders—Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar—collectively lost over $10 billion in personal wealth. The losses were reported based on Forbes’ real-time billionaire tracker, which reflects changes in net worth as stock valuations fluctuate in real time. 

Billionaires Take a Billion-Dollar Beating
At the forefront of the losses is Mukesh Ambani, the chairman of Reliance Industries and the richest person in India. He saw a staggering decline of $3.6 billion in his personal net worth, which now stands at $87.7 billion. This loss places him among the biggest individual losers in the global financial shake-up.Gautam Adani, head of the Adani Group, was not far behind. His fortune declined by $3 billion, bringing his net worth down to $57.3 billion. This latest drop comes after a turbulent year for Adani, whose business empire has faced increasing regulatory scrutiny and market volatility. 

Savitri Jindal and her family, who control the OP Jindal Group, suffered a $2.2 billion fall in their collective fortune. Their net worth now stands at $33.9 billion, placing her at the 45th position on the global rich list. This decline reflects the vulnerability of industrial and metal stocks, which saw the sharpest corrections during Monday’s market bloodbath. Meanwhile, Shiv Nadar, the founder of HCL Technologies and a key figure in India’s IT industry, experienced a drop of $1.5 billion in his net worth. His current wealth is estimated at $30.9 billion, highlighting how even the tech sector wasn’t immune to the widespread downturn. 

Markets in Freefall as Global Tensions Escalate
The selloff came as part of a broader global financial rout triggered by fears of a recession in the United States and escalating trade tensions. The Sensex plunged more than 3,000 points while the Nifty slipped below the psychologically important 22,000 mark. All major sectors were deep in the red, with no safe haven in sight. Sectoral indices were battered, with Nifty Metal dropping a massive 8%. Nifty IT declined by over 7%, while the Auto, Realty, and Oil & Gas sectors each fell more than 5%. The situation was even more grim in the broader markets. Small-cap indices plummeted by 10%, and mid-caps dropped 7.3%, further underlining the widespread panic among investors. 

Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stated that global markets are going through unprecedented levels of volatility. He attributed much of the current turmoil to the uncertainties surrounding new trade policies implemented by U.S. President Donald Trump. According to him, “No one knows how this situation caused by Trump tariffs will unfold. The best thing to do now is to wait and watch.” However, Dr Vijayakumar added that India may not suffer long-term consequences as exports to the U.S. account for only around 2% of the country’s GDP. He also mentioned ongoing discussions for a Bilateral Trade Agreement between India and the U.S., which could lead to reduced tariffs on Indian goods, offering a glimmer of hope in an otherwise bleak landscape. 

The market panic wasn’t limited to India. Across the globe, billionaires and institutional investors saw their portfolios take a major hit. On Wall Street, nearly $8 trillion in market value has evaporated, $5 trillion of which was lost in just the last two trading sessions—marking the worst tariff-driven selloff in more than a century. In the United States, Tesla and SpaceX CEO Elon Musk saw the most significant erosion in personal wealth, losing $130 billion this year alone. His net worth now stands at $302 billion. Amazon founder Jeff Bezos lost $45.2 billion, reducing his total to $193 billion. Meta CEO Mark Zuckerberg lost $28.1 billion, bringing him to $179 billion, while Bernard Arnault of LVMH saw his wealth drop by $18.6 billion to $158 billion. Even Microsoft founder Bill Gates was not spared, with a $3.38 billion dip in his net worth, which now stands at $155 billion. 

Amidst the carnage, Warren Buffett remains a rare outlier. The legendary investor has added $12.7 billion to his wealth in 2025, bringing his net worth to $155 billion—placing him on par with Bill Gates. His gains contrast sharply with the massive losses suffered by his peers and underscore the importance of long-term value investing in turbulent times. As global financial markets continue to reel from the effects of rising tariffs, recession fears, and investor nervousness, both billionaires and everyday investors are bracing for more volatility ahead. With high-profile figures losing billions in a matter of days, the 2025 market crash is shaping up to be one of the most dramatic financial downturns in recent history.

Note: This article is for informative and educational purposes only, this is not financial advice.