Stock market crash impact : India’s richest persons - the top 4 billionaires - Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar - have seen a collective decline of $10.3 billion in their net worth on Monday, according to Forbes' real-time billionaire tracker, amidst a significant market downturn.
According to an ET report, Mukesh Ambani \who holds the position of India's wealthiest person, saw his wealth decrease by $3.6 billion, reaching $87.7 billion. The second-wealthiest Indian, Gautam Adani, witnessed his net worth reduce by $3 billion, settling at $57.3 billion.
The third-ranked Indian billionaire, Savitri Jindal & family, positioned 45th globally, experienced a reduction of $2.2 billion, with their net worth settling at $33.9 billion. Additionally, Shiv Nadar's fortune diminished by $1.5 billion, reaching $30.9 billion.
Also Read | Will Nifty follow Nasdaq into the bear market zone? Stock market crash a direct echo of Wall Street bloodbath
This substantial reduction in billionaire wealth happened as Indian stock markets crashed significantly, reflecting worldwide market weakness triggered by increasing trade conflicts and US recession concerns.
The major sector indices displayed significant losses. Nifty Metal recorded an 8% decline, Nifty IT decreased by more than 7%, whilst Auto, Realty, and Oil & Gas sectors each fell beyond 5%. The broader market indicators showed small-cap and mid-cap indices declining by 10% and 7.3% respectively.
"Globally markets are going through heightened volatility caused by extreme uncertainty. No one has a clue about how this turbulence caused by Trump tariffs will evolve. Wait and watch would be the best strategy in this turbulent phase of the market," said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Also Read | Top 5 reasons for stock markets crashing today
"There are a few things that investors should keep in mind. One, the irrational Trump tariffs will not continue for long. Two, India is relatively better placed since India's exports to the US as a percentage of GDP is only around 2 percent and therefore the impact on India's growth will not be significant. Three, India is negotiating a Bilateral Trade Agreement with the US and this is likely to be successful resulting in lower tariffs for India," he added.
In contrast to the declining fortunes of most global billionaires in 2025, Warren Buffett has increased his wealth substantially. The investment expert has accumulated an additional $12.7 billion, reaching a net worth of $155 billion, despite the global market downturn resulting from trade disputes initiated by President Donald Trump's recent tariff policies.
Also Read | Is the world staring at a recession? ‘There will be blood’, warn experts on Donald Trump’s reciprocal tariffs impact
Following Trump's return to the presidency this year, the American stock market has experienced a significant decline of $8 trillion in value. Of this amount, $5 trillion was lost during two trading sessions after the announcement of the century's largest tariff increase.
In the meantime, significant wealth reductions affected various billionaires: Elon Musk's assets decreased by $130 billion to $302 billion, whilst Jeff Bezos experienced a $45.2 billion reduction to $193 billion. Meta's Mark Zuckerberg saw his wealth reduce by $28.1 billion to $179 billion. LVMH chairman Bernard Arnault's fortune diminished by $18.6 billion to $158 billion.
Bill Gates also experienced a reduction in wealth, with a decrease of $3.38 billion bringing his total to $155 billion, matching Buffett's current worth.
According to an ET report, Mukesh Ambani \who holds the position of India's wealthiest person, saw his wealth decrease by $3.6 billion, reaching $87.7 billion. The second-wealthiest Indian, Gautam Adani, witnessed his net worth reduce by $3 billion, settling at $57.3 billion.
The third-ranked Indian billionaire, Savitri Jindal & family, positioned 45th globally, experienced a reduction of $2.2 billion, with their net worth settling at $33.9 billion. Additionally, Shiv Nadar's fortune diminished by $1.5 billion, reaching $30.9 billion.
Also Read | Will Nifty follow Nasdaq into the bear market zone? Stock market crash a direct echo of Wall Street bloodbath
This substantial reduction in billionaire wealth happened as Indian stock markets crashed significantly, reflecting worldwide market weakness triggered by increasing trade conflicts and US recession concerns.
The major sector indices displayed significant losses. Nifty Metal recorded an 8% decline, Nifty IT decreased by more than 7%, whilst Auto, Realty, and Oil & Gas sectors each fell beyond 5%. The broader market indicators showed small-cap and mid-cap indices declining by 10% and 7.3% respectively.
"Globally markets are going through heightened volatility caused by extreme uncertainty. No one has a clue about how this turbulence caused by Trump tariffs will evolve. Wait and watch would be the best strategy in this turbulent phase of the market," said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Also Read | Top 5 reasons for stock markets crashing today
"There are a few things that investors should keep in mind. One, the irrational Trump tariffs will not continue for long. Two, India is relatively better placed since India's exports to the US as a percentage of GDP is only around 2 percent and therefore the impact on India's growth will not be significant. Three, India is negotiating a Bilateral Trade Agreement with the US and this is likely to be successful resulting in lower tariffs for India," he added.
In contrast to the declining fortunes of most global billionaires in 2025, Warren Buffett has increased his wealth substantially. The investment expert has accumulated an additional $12.7 billion, reaching a net worth of $155 billion, despite the global market downturn resulting from trade disputes initiated by President Donald Trump's recent tariff policies.
Also Read | Is the world staring at a recession? ‘There will be blood’, warn experts on Donald Trump’s reciprocal tariffs impact
Following Trump's return to the presidency this year, the American stock market has experienced a significant decline of $8 trillion in value. Of this amount, $5 trillion was lost during two trading sessions after the announcement of the century's largest tariff increase.
In the meantime, significant wealth reductions affected various billionaires: Elon Musk's assets decreased by $130 billion to $302 billion, whilst Jeff Bezos experienced a $45.2 billion reduction to $193 billion. Meta's Mark Zuckerberg saw his wealth reduce by $28.1 billion to $179 billion. LVMH chairman Bernard Arnault's fortune diminished by $18.6 billion to $158 billion.
Bill Gates also experienced a reduction in wealth, with a decrease of $3.38 billion bringing his total to $155 billion, matching Buffett's current worth.
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