$16.5 billion in a yr! Mukesh Ambani leads India’s 2025 billionaire wealth surge

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India’s billionaire membership had a yr of sharp contrasts in 2025, with fortunes swelling on the prime whilst some heavyweights slipped. Mukesh Ambani led the wealth surge, Gautam Adani rode a revival in investor confidence, and Uday Kotak clocked one of many strongest positive factors, whereas others confronted erosion in web price. Right here’s the total checklist of the highest 10 richest gainers of 2025 and the 5 largest laggards whose wealth declined.

As per the Bloomberg Billionaires Index, Reliance Industries Chairman Mukesh Ambani added a considerable $16.50 billion to his web price in 2025. The surge coincided with a strong rally in Reliance Industries—India’s largest firm by market capitalisation—which posted its strongest efficiency since 2020 with shares climbing practically 30%. Increased refining margins, telecom tariff hikes, resilient retail efficiency and upcoming value-unlocking catalysts collectively drove the sharp rise in Ambani’s wealth.

Following shut behind is Lakshmi Mittal, Chairman of world metal main ArcelorMittal, the world’s second-largest steelmaker. Information reveals that Mittal, at the moment the seventieth richest individual globally, noticed his web price rise by practically $12 billion in 2025, taking his whole wealth to $31 billion.

Sunil Mittal, founding father of Bharti Enterprises, which owns telecom operator Airtel, additionally noticed a big leap in wealth. His web price elevated by $6 billion to $29 billion in 2025. Airtel’s inventory gained 31% year-to-date, whereas the corporate reported an 89% year-on-year leap in consolidated Q2 web revenue to Rs 6,792 crore.

Gautam Adani, founding father of the Adani Group, added $5.9 billion to his fortune in 2025, taking his web price to $84 billion. One of many key drivers of the rebound was the market regulator Sebi’s clear chit to Adani within the Hindenburg case, which helped restore investor confidence. Adani stays the second-richest Indian, behind Mukesh Ambani.


In the meantime, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, with a web price of $22 billion, noticed his wealth develop by $4 billion throughout the yr. Uday Kotak, founding father of Kotak Mahindra Financial institution, added over $2 billion to his fortune, taking his web price to $16 billion and inserting him within the prime 10 richest Indians on the checklist.

Others featured on the checklist embrace Vikram Lal, founding father of two-wheeler main Eicher Motors, and Nusli Wadia of the Wadia Group, which additionally owns FMCG heavyweight Britannia Industries. They’re adopted by Rahul Bhatia, co-founder of IndiGo, India’s largest airline by market share. Samir Mehta, chairman of the Torrent Group, additionally makes the minimize with a web price of $7 billion.Among the many laggards, Shiv Nadar, founding father of IT main HCL Tech, tops the checklist. With a web price of $39 billion, his wealth declined by practically $4 billion, in accordance with the Bloomberg Billionaires Index. The drop comes amid heavy FII promoting in IT shares, with HCL Tech shares down 15% in 2025.

Azim Premji, Indian know-how veteran and former chairman of Wipro, additionally noticed his web price fall by $3 billion to $28 billion. Wipro’s inventory has slipped 12% for the reason that begin of the yr. In 2019, Premji handed over the function of govt chairman to his son Rishad Premji, whereas he continues as founder chairman.

Ok P Singh, founding father of actual property main DLF, has a web price of $14 billion, marking a decline of $3.38 billion in 2025. Shares of DLF have fallen 17% this yr, weighing on his wealth.

Rounding out the checklist are Dilip Shanghvi, managing director of Solar Prescription drugs, whose web price has dropped by over $4 billion to $25.5 billion, and Ravi Jaipuria, chairperson of Varun Drinks, whose wealth has declined to $13 billion, Bloomberg information confirmed.

(Disclaimer: Suggestions, recommendations, views, and opinions given by the specialists are their very own. They don’t symbolize the views of the Financial Occasions)

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