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HomeMarket NewsGautam Adani's net worth is down $12 billion in 2025 so far, most after Elon Musk
Elon Musk, the world's richest individual, has seen his net worth erode by $35.2 billion during the same period to $397.3 billion.
By Yoosef K February 21, 2025, 11:14:28 AM IST (Published)
A 13% decline in Adani Group stocks since the start of 2025 has erased $12 billion from founder Gautam Adani’s net worth. According to the Bloomberg Billionaires Index, Gautam Adani's fortune has seen the second-largest decline so far this year, trailing only Tesla founder Elon Musk.
Musk, the world's richest individual, has seen his net worth erode by $35.2 billion during the same period to $397.3 billion.
As of market closing on Thursday, Gautam Adani's net worth stood at $66.8 billion.
Musk, the CEO of Tesla and SpaceX has seen massive surge in his fortune in the recent past. This increase is largely attributed to the rising valuations of his companies, bolstered by his influential role as head of the Department of Government Efficiency (DOGE) under US President Donald Trump's administration.
Shares of Adani Enterprises have dropped nearly 15% so far this year, while those of Adani Ports & Special Economic Zone have declined by 11%. Other group companies, including Adani Power and Adani Green Energy, have also seen declines of 8.6% and 18%, respectively, during the same period.
Data further reveals that Adani Enterprises, the flagship company, accounts for nearly a third of Gautam Adani’s net worth. As of December 2024, promoter holdings in Adani Enterprises stood at 74%. Similarly, his ownership stakes in Adani Ports & Special Economic Zone and Adani Power are valued at $18.1 billion and $15.9 billion, respectively.
Among Indian billionaires, Shiv Nadar of HCLTech and Ravi Jaipuria of Varun Beverages saw their net worth shrink by $4.5 billion and $4.2 billion, respectively, during the same period. Meanwhile, India's richest person, Mukesh Ambani, experienced a $2.9 billion decline in his fortune, to $87.7 billion.
The broader market selloff has led to most stocks losing value this year, driven by concerns over rich valuations and slowing economic growth. During this period, the Indian rupee has depreciated by 1.2%, while the benchmark Nifty 50 index has corrected by 3.5%.
