Several of India’s top billionaires have seen a significant decline in their fortunes due to ongoing market corrections triggered by both domestic and global uncertainties. The persistent downturn in stock markets has led to notable wealth erosion among some of the country’s richest individuals.
The Sensex and Nifty indices have each fallen by approximately 4.5% since the beginning of the year, reflecting the broader market turbulence. Among those most impacted are Ravi Jaipuria, K P Singh, Mangal Prabhat Lodha, Gautam Adani, Shiv Nadar, and Dilip Sanghvi, as per a report by Moneycontrol.
Ravi Jaipuria, founder and chairman of RJ Corp, suffered the most severe financial setback. His net worth plunged nearly 26%, dropping from a peak of $17.6 billion to $13.1 billion. The decline was largely driven by the poor performance of his flagship enterprise, Varun Beverages, which has lost almost 25% of its value in 2025 alone.
Real estate magnates K P Singh and Mangal Prabhat Lodha also faced substantial losses. Singh, the chairman emeritus of DLF, witnessed a 25% dip in his wealth, bringing his net worth down to $13.6 billion. Similarly, Lodha, who heads Macrotech Developers, saw his fortune shrink by 21% to $9.8 billion.
The current volatility in financial markets continues to pose challenges for Indian billionaires, with investor sentiment remaining cautious amid economic and geopolitical uncertainties.
