1 / 13The 11 wealthiest individuals in the world have experienced significant changes in their fortunes since the start of 2025, with most seeing a reduction in their net worth. Elon Musk remains the wealthiest person globally, but has lost a staggering $35.2 billion, now his net wealth standing at $397.3 billion (all figures are as of February 21, 2025 from the Bloomberg Billionaire index). Musk’s net worth is tied to Tesla and other ventures like SpaceX, with fluctuations in stock prices contributing to his losses. (Image: Shutterstock)
2 / 13Interestingly, there are five Indian billionaires whose net worth has declined since the turn of the year. Read on to find out who are the billionaires, including Indians and how much wealth they have lost so far this year. (Image: Shutterstock)
3 / 13No 1. Elon Musk | Country: US | Decline in wealth: $35.2 billion | Musk has experienced a significant loss in wealth, shedding $35.2 billion since the start of 2025. Despite his dominance at the top of the billionaire rankings continues, born in South Africa and holding American and Canadian citizenship, Musk’s net worth now stands at $397.3 billion. The drop in his wealth is attributed to fluctuations in Tesla’s stock price and the ongoing challenges within his ventures like SpaceX and X.com formerly Twitter. (Image: Reuters)
4 / 13No 2. Gautam Adani | Country: India | Decline in wealth: $11.9 billion | Adani has seen a significant reduction in his wealth brining his net worth down to $66.8 billion. This loss is part of a broader trend that has affected Adani’s various companies, which have been under intense scrutiny in recent years. His reduced wealth highlights the challenges faced by his conglomerate in the face of market volatility and regulatory pressures. (Image: Reuters)
5 / 13No 3. Michael Sabel | Country: US | Decline in wealth: $8.3 billion | Sabel has lost a staggering portion of his wealth in 2025, leaving his net worth at $16.4 billion. Sabel’s wealth is tied to his involvement in energy companies, which have faced difficulties due to market fluctuations. This dip in his fortune mirrors broader trends seen in the energy sector, where rising costs and shifting market dynamics have had a reasonable impact. (Image: Reuters)
6 / 13No 4. Robert Pender | Country: US | Decline in wealth: $8.3 billion | Like his counterpart, Pender (2nd from left) has also lost $8.3 billion, bringing his wealth to $16.4 billion. Pender’s losses are connected to his investments in the private equity and technology sectors, both of which have faced significant market headwinds. The wealth decline reflects the challenges of maintaining high-value holdings in an increasingly volatile economic environment.
7 / 13No 5. Prajogo Pangestu | Country: Indonesia | Decline in wealth: $7.2 billion | Prajogo has experienced a $7.2 billion decline in his wealth, bringing his net worth to $22.5 billion. This drop can be attributed to the fluctuating fortunes of his businesses, particularly in Indonesia, where economic uncertainties have affected the market. Despite this, Pangestu remains a prominent figure in the region’s business landscape.
8 / 13No 6. Shiv Nadar | Country: India | Decline in wealth: 4.5 billion | Nadar has lost $4.5 billion, leaving him with a net worth of $38.6 billion. Nadar’s wealth primarily stems from his IT giant HCL Technologies, which has faced some challenges in the ever-competitive global tech industry. The loss reflects some pressure on the tech sector, but Nadar’s company remains a key player in India’s IT landscape. (Image: Reuters)
9 / 13No 7. Ravi Jaipuria | Country: India | Decline in wealth: $4.2 billion | Jaipuria’s net worth has seen a decline of $4.2 billion, bringing his fortune to $13.1 billion. His wealth is tied to diverse business interests in the food and beverage sector, where increasing competition and shifting consumer preferences have impacted profits. Despite this, he remains a significant figure in India’s business world.
10 / 13No 8. Abigail Johnson | Country: US | Decline in wealth: $4.0 billion | Johnson has lost $4.0 billion, with her wealth now standing at $37.8 billion. Johnson’s fortune is largely based on her leadership of the financial services firm Fidelity, which has seen market pressures and changes in investment trends affect its performance. This wealth reduction is part of a broader trend in the financial sector, where economic uncertainties have shaken investor confidence. (Image: Reuters)
11 / 13No 9. Savitri Jindal | Country: India | Decline in wealth: $3.9 billion | Jindal has lost $3.9 billion, bringing her net worth to $28.4 billion. Jindal’s wealth stems from her interests in the steel industry, which has been impacted by fluctuating global demand and rising input costs. The reduction in her wealth reflects the challenges in maintaining profitability in the industrial sector amid uncertain global economic conditions.
12 / 13No 10. Dilip Shanghvi | Country: India | Decline in wealth: $3.8 billion | Shanghvi’s net worth has seen a $3.8 billion reduction, leaving his fortunes at $25.7 billion. Shanghvi’s wealth is tied to his pharmaceutical company, Sun Pharma, which has faced regulatory and competitive pressures. Despite these challenges, Sun Pharma remains one of India’s leading pharmaceutical firms, although market conditions have tested its resilience.
13 / 13No 11. K P Singh | Country: India | Decline in wealth: $3.0 billion | The man who build real estate company DLF has lost $3.0 billion, reducing his wealth to $14.8 billion. Singh’s primary wealth is derived from his real estate ventures, particularly in DLF Limited, which has encountered challenges due to the fluctuating property market in India. Despite the loss, Singh continues to hold significant influence in the Indian real estate sector.
