Kolkata, 7 April 2025: US President Donald Trump’s decision to increase tariffs on 180 countries has created a stir in the global economy. The biggest blow was felt by the Indian stock market, where the Sensex fell by more than 3,000 points on the first trading day of the week and the Nifty fell by more than 900 points. At the end of the day, the Sensex closed down 2.95 percent at 73,137.90, while the Nifty closed down 3.24 percent at 22,161.60. This tsunami drowned trillions of rupees of investors and also caused a huge blow to the wealth of the country’s top billionaires. Big loss in billionaires’ wealth

According to Forbes’ Real-Time Billionaires List, the combined wealth of India’s four big industrialists—Mukesh Ambani, Gautam Adani, Savitri Jindal and Shiv Nadar—decreased by $10.3 billion on Monday. This decline is the result of the massive sell-off that was seen in the global markets after Trump’s tariff decision. But this was just the beginning. Other big names like Radhakishan Damani, Kumar Mangalam Birla and Dilip Sanghvi also could not escape this storm.

Big blow to Mukesh Ambani

The country’s richest person and Reliance Industries chairman Mukesh Ambani became the biggest victim of this decline. His wealth decreased by $3.6 billion, after which his net worth was reduced to $87.7 billion. The main reason for this loss was the huge fall in Reliance shares. An analyst said on the condition of anonymity, “There was already pressure on the oil and retail sectors, and now this new tariff crisis proved to be a double blow for Ambani.” This decline can also take Ambani out of the list of top-10 billionaires of the world.

Gautam Adani’s condition is also bad

Adani Group Chairman Gautam Adani was also not untouched by this crisis. His wealth decreased by $ 3 billion, due to which his net worth came down to $ 57.3 billion. Adani Group companies, especially power and infrastructure related shares, saw a huge decline. Experts believe that Adani’s business empire may be affected for a long time due to uncertainty in global trade. A senior economist said, “Adani’s business model is largely dependent on international trade. This tariff blow can create problems for him.”

Savitri Jindal and Shiv Nadar also affected

The wealth of Savitri Jindal of OP Jindal Group and her family decreased by $ 2.2 billion, after which their total net worth remained at $ 33.9 billion. At the same time, the wealth of HCL Technologies founder Shiv Nadar fell by $1.5 billion to $30.9 billion. The steel and tech sectors, which are the basis of the earnings of these two industrialists, have been affected by signs of global recession.

The condition of other billionaires

Not only the top four billionaires were affected by this crisis. Sun Pharma’s Dilip Shanghvi’s wealth saw a decline of $819 million, leaving his net worth at $26.1 billion. Cyrus Poonawala of Serum Institute lost $390 million, and his wealth came down to $23.8 billion. Apart from this, Aditya Birla Group’s Kumar Mangalam Birla’s wealth decreased by $861 million, after which his net worth remained at $20.4 billion. Dmart owner Radhakishan Damani was also not untouched – his wealth fell by $335 million to $17.2 billion.

Impact of Trump’s tariff

Trump’s decision has shaken global trade. It has brought a double challenge for export-dependent countries like India. Experts say that the increase in tariffs will increase the cost of Indian companies and reduce their competitiveness in the US market. A financial analyst warned, “If this trend continues, the Indian economy may be deeply affected in the next few months. This decline in the stock market may be just the beginning.”

What next?

This crisis has become a cause of concern not only for billionaires but also for common investors and small businessmen. The question is, will the government and the Reserve Bank be able to handle this situation? Or will this decline go deeper? Right now market experts are advising caution. An investor expressed his disappointment and said, “We thought that the market would touch new heights in 2025, but now everything has turned upside down.” The coming days will make the depth of this crisis more clear, but for now India’s billionaires are also struggling to avoid this storm.