Suspense crime, Digital Desk : Net worth of Indian billionaires soared significantly this month, since mid-March, owing to an interest by foreign investors which had been dormant for some time now. Reliance Industries Chairman Mukesh Ambani seems to have benefited the most as his fortune crossed the $100 billion mark due to an increase of almost $20 billion.
As stated by the Bloomberg Data , Ambani’s wealth first dropped to $81 billion in mid-march, but a surge in Reliance industries share prices and Jio Financial Services gave him ample opportunity which he utilized . His net worth dropped to $81 billion at the start of March after sustaining damages during the first months of the year but a strong shot at reliance industries and Jio Financial services gave him about 25%-29% increase over the shares and these gave him ample reasons to regain his market position. Nevertheless, strongly beating market expectations, Reliance stocks regained 25.5% while Jio Stocks gained a staggering 30% enabling him to regain his market confidence. Furthermore, this incredible surge in stock prices is what led him to the peak and remains idealistic to be placed as one of the top 16 celebrities wealthy people in the world. 120.8 Billion being on 8th of July 2024 still leaves him below embarrassing for what seems to be to many around eighty but is instead of 120.8 billion.
Other wealthy individuals like Adani showed increase in their wealth of 14.5 billion while stooping him to 77.5 million whilst shanghvi and mittal alongside him became the main givers. Although the remaining 43 billion are well full of andy target being atleast 57% less on a unprecedented level for his stand alone consumer spending.
The pharma giant, Sun Pharmaceuticals Dilip Shanghvi and Bharti Airtel’s Sunil Mittal saw some of the largest gains as well. They renewed value by just under $4.9 billion from their lows in March to $28.8 billion and $27.4 billion, respectively. Shanghvi is 10% below his peak value while Mittal is only 1% below his peak value of in September 2024.
Recovery Alongside Other Notable Business Figures
Other Indian billionaires also saw recovery in their fortunes:
Radhakishan Damani (Avenue Supermart): Up $4.8 billion to $31.7 billion, still 27% off his peak.
Savitri jindal: Increased by \$4.6 Billion to \$36.4 Billion, 16% off record.
Shiv Nadar (HCL Technologies): Increased by \$4.5 Billion to \$22.8 Billion, 18% off top valuation
Some Reached New Peaks
Lakshmi Mittal, head of ArcelorMittal and Uday Kotak, were the former MD of Kotak Mahindra Bank have completely bounced back. Their current networth $22.8 & 16.6B respectively are new highs alongside the $3.7B and 3.1B they have seen since January 2025.
Rakesh Gangwal and Rahul Bhatia, co-founders of InterGlobe Aviation (IndiGo), have also managed a good recovery as their net worths stand at approximately $7.1 billion, close to their lifetime bests. Vikram Lal of Eicher Motors reached a new high, while Murali Divi of Divi’s Laboratories is only 4% away from his record in December 2024.
Some Tycoons Still Lagging Behind
While the general sentiment is positive, a number of billionaires remain far from their peak valuations:
Pankaj Patel (Zydus Lifesciences): Down 45 percent from his peak of $12.3 billion.
KP Singh (DLF): Also down 45 percent from his peak of $20.9 billion.
Cyrus Poonawalla (Serum Institute of India): Net worth has decreased 27 percent from peak.
Mangal Prabhat Lodha (Macrotech Developers) and Nusli Wadia (Britannia Industries): Both roughly 22 percent off from their all-time highs.
Read More: Indian Billionaires See Significant Wealth Surge Amid Market Recovery
