Billionaires Lose Billions as Global Market Crash Wipes Out Wealth

Billionaires Lose Billions as Global Market Crash Wipes Out Wealth

Last Updated Apr - 07 - 2025, 05:43 PM | Source : Fela News

India’s richest, including Mukesh Ambani and Gautam Adani, lost over $10 billion in a single day as global markets crashed amid trade tensions and recession fea

Even India’s wealthiest were not spared in Monday’s market bloodbath. Billionaires Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar collectively lost over $10 billion amid a global selloff, according to Forbes’ real-time billionaire list. Ambani took the hardest hit, with a $3.6 billion drop, bringing his net worth to $87.7 billion. Adani lost $3 billion, while Jindal’s family fortune fell by $2.2 billion. Shiv Nadar’s wealth dropped $1.5 billion to $30.9 billion.

Markets tumbled due to escalating trade tensions and recession fears. Sensex plummeted over 3,000 points, while Nifty dipped below 22,000. All major sectoral indices saw sharp declines, with Nifty Metal down 8% and IT over 7%. Mid and small-cap stocks plunged up to 10%.

Globally, billionaire fortunes are also shrinking. Elon Musk lost $130 billion in 2025, while Bezos, Zuckerberg, Arnault, and Gates also suffered major losses. One notable exception is Warren Buffett, who gained $12.7 billion this year, raising his net worth to $155 billion.

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