The Indian stock market crash has affected portfolios from across the country. Be it early investors or industry giants, the slump has affected all. Indian billionaires like Ravi Jaipuria, KP Singh and Shiv Nadar among others see plummeting net-worth as stocks plunge to an all time low.

With more than 14% decline among the top ten billionaires in India, their net worth erosion is significantly low as per Bloomberg reports. RJ Corp’s Ravi Jaipuria has been severely affected as the networth saw a more than 25% drop falling from $17.6 billion to $13.1 billion.

RJ Corp is a conglomerate present across diverse sectors like food and beverage, healthcare and education. The downturn is primarily driven by the underwhelming performance of his leading enterprise, Varun Beverages, which has seen a sharp decline of nearly 25% in its market value since the beginning of 2025.

DLF’s KP Singh to Savitri Jindal: Other billionaire groups that faced the decline

The wealthiest real-estate developer, KP Singh faced the brunt of the stock market downturn as his net-worth was reduced by 25% making it $13.6 billion. Furthermore, Adani Group’s Gautam Adani and Shiv Nadar with major stakes in HCL Technologies rank fourth and fifth in the list of the net-worth erosion seeing a 20% decline in figures.

The bear market has affected billionaires across sectors like pharmaceutical mogul, Dilip Shanghvi (Sun Pharma) and supermarket pioneer, Radhakishan Damani (DMart). They have all faced a net-worth decline of over 14% and nearly 30% fall from 2024 numbers.

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India’s wealthiest woman and head of the OP Jindal Group has witnessed a marginal decline despite of the larger market mayhem. Rahul Bhatia and Rakesh Gangwal, co-founders of InterGlobe Aviation, he parent company of IndiGo, have experienced minimal fluctuations in their net worth despite the sharp market correction.

In 2025, the Indian stock market has sharply declined due to persistent foreign investor sell-offs, high valuation concerns, a slowing economy, and global trade tensions following Donald Trump’s re-election. The Sensex and Nifty have fallen around 4.5% year-to-date, while broader indices like BSE MidCap and BSE SmallCap have plunged over 14% and 17%, respectively, underscoring the market’s turbulent downturn.