Global jitters, caused by the tariffs tsunami unleashed by President Donald Trump, took a toll on India’s stock markets, which corrected after last year’s stratospheric rise.
Despite the dampener, the country churned out a record 205 billionaires on Forbes’ 2025 list of the World’s Billionaires—up from 200 last year. A weaker rupee, didn’t help: their combined wealth is $941 billion—down from $954 billion in 2024.
The 10 richest Indians are worth nearly $337 billion, over a third of the total, down by a massive $56 billion from a year ago.
Read the full story on Forbes: https://www.forbes.com/sites/naazneenkarmali/2025/04/01/the-10-richest-indian-billionaires-2025/
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Despite the dampener, the country churned out a record 205 billionaires on Forbes’ 2025 list of the World’s Billionaires—up from 200 last year. A weaker rupee, didn’t help: their combined wealth is $941 billion—down from $954 billion in 2024.
The 10 richest Indians are worth nearly $337 billion, over a third of the total, down by a massive $56 billion from a year ago.
Read the full story on Forbes: https://www.forbes.com/sites/naazneenkarmali/2025/04/01/the-10-richest-indian-billionaires-2025/
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
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LifestyleTranscript
00:01Global jitters caused by the tariff tsunami unleashed by President Donald Trump took a toll on India's stock markets, which corrected after last year's stratospheric rise.
00:11Despite the dampener, the country churned out a record 205 billionaires on Forbes' 2025 list of the world's billionaires, up from 200 last year.
00:21A weaker rupee didn't help. Their combined wealth is $941 billion, down from $954 billion in 2024.
00:30The 10 richest Indians are worth nearly $337 billion, over a third of the total, down by a massive $56 billion from a year ago.
00:39The bulk of that decline can be attributed to the falling fortunes of the richest and the second richest billionaires, who saw their combined wealth erode by $51 billion.
00:49Despite a 20% drop in his net worths to $92.5 billion, Mukesh Ambani retained his position as both the wealthiest Asian and India's richest person,
00:59though he's no longer a centibillionaire.
01:02Shares of his Reliance Industries conglomerate lagged the market, falling 15% since the last list.
01:09That was partly due to weaker margins in the oil refining and petrochemicals businesses,
01:14and competitive pressures facing its retailing unit, which he plans to eventually list.
01:20Infrastructure and commodities tycoon Gotam Adani registered the biggest dollar decline among Indian billionaires this year.
01:26His fortune fell by a third, to $56.3 billion, though he held on to his spot as India's second wealthiest citizen.
01:35Shares of Adani's companies tumbled in November, when the U.S. Department of Justice indicted his group and its officials in a bribery case involving a solar project in India.
01:45This self-made billionaire's group denied the allegations as baseless.
01:49India's richest woman, Savatri Jindal, matriarch of the OP Jindal Group, is now the third wealthiest Indian, with a net worth of $35.5 billion, up from No. 4 last year.
02:01Her Mumbai-based son, Sajun Jindal, made an ambitious push into electric cars by acquiring 35% stake in the Indian arm of MG Motor, a unit of China's state-owned SAIC Motor.
02:13Jindal is one of four among the ten richest Sinatra wealth gain, while the remaining half a dozen are all less well-off.
02:21Tech tycoon Shiv Nadar, who recently transferred a chunk of his stake in flagship HCL Technologies to his only daughter, Roshni Nadar Mahaltra, slips to the position of fourth richest in India, with a net worth of $34.5 billion.
02:35The composition of the ten richest Indians hasn't changed from a year ago, though there was some shuffle in the pecking order.
02:43Overall, the wealth of 92 Indian billionaires was up from last year.