Rs 2.6 lakh crore gone! Trump wreaks havoc on India’s rich as Adanis and Ambanis pay a heavy price in 2025
[hfe_template id='11223']
[ad_1]
India’s richest business tycoons have lost a staggering $30.5 billion (Rs 2.6 lakh crore) so far in 2025, as volatile stock markets and global economic uncertainties wreak havoc on their fortunes. Most of this is caused by US President Donald Trump’s aggressive tariff policies, which have intensified global trade tensions and led to market instability. This financial bloodbath in the stock market has impacted some of India’s most influential billionaires, including Mukesh Ambani, Gautam Adani, Shiv Nadar, Savitri Jindal, Dilip Shanghvi, and Azim Premji. Mukesh Ambani, India's richest person, has seen his wealth decline by $3.42 billion this year. Ambani is no longer in the world's top 10 richest as he is currently occupying 17th spot with a wealth of $87.2 billion. Reliance Industries' stock fell about 0.1% this year, while Jio Financial Services took a bigger hit by dropping 24%. Gautam Adani's wealth has shrunk by $6.05 ...