This Indian billionaire lost the max money in 2025 amid markets crash. It's not Adani, or Ambani

The most affected include Ravi Jaipuria, K P Singh, Mangal Prabhat Lodha, Gautam Adani, Shiv Nadar, and Dilip Sanghvi.

Updated on: Mar 12, 2025, 14:00:16 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The fortunes of several Indian billionaires were affected by the ongoing sharp corrections in the stock markets, due to both domestic and global uncertainties.

The benchmark Sensex and Nifty indices have each declined by around 4.5 percent year-to-date (Representational Image/Pixabay)

The most affected include Ravi Jaipuria, K P Singh, Mangal Prabhat Lodha, Gautam Adani, Shiv Nadar, and Dilip Sanghvi, according to a Moneycontrol report.

Also Read: NASA fires its chief scientist Katherine Calvin, signalling shift from research to exploration

Ravi Jaipuria, whose net worth took the steepest hit, is the founder and chairman of RJ Corp, which spans across sectors such as food & beverages, healthcare, and education.

His net worth dropped almost 26%, from the peak of $17.6 billion to $13.1 billion, mostly due to the poor performance of his flagship firm, Varun Beverages, which lost almost 25 percent of its value in 2025 so far.

Meanwhile, KP Singh of DLF and Mangal Prabhat Lodha of Macrotech Developers came second and third in terms of wealth erosion, with Singh's wealth declining by about 25 percent to $13.6 billion and Lodha's wealth declining 21 percent to $9.8 billion, according to the report.

Also Read: Adani set to bag one of Mumbai's largest housing projects worth $4.1 billion: Report

Adani Group Chairman Gautam Adani's wealth declined by 20% to $63.4 billion, while HCL Technologies founder Shiv Nadar's wealth also fell 20% to $35.6 billion.

The others include Sun Pharmaceutical Industries founder Dilip Shanghvi, DMart's Radhakishan Damani, Zydus Lifesciences Chairman Pankaj Patel, Shapoor Mistry & Family, and O P Jindal Group head Savitri Jindal, who is also India's wealthiest woman.

All of this comes with the Indian stock market facing a steep decline this year, due to continued selling by foreign investors over high valuation concerns, a slowing economy, weakening earnings growth, as well as global trade tensions due to US President Donald Trump's tariffs.

Also Read: iPhone, iPad, Mac interface to see complete overhaul? What's Apple planning?

As a result, the benchmark Sensex and Nifty indices have each declined by around 4.5 percent year-to-date, while broader indices, such as the BSE MidCap and BSE SmallCap, suffered steeper losses of more than 14 percent and 17 percent respectively, according to the report.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.