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Combined wealth of India’s richest people falls 9% to $1 trillion in Forbes 2025 India Rich List, with Mukesh Ambani again on the lead by $105 billion despite market slide and weak rupee.
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Decline in wealth: The combined wealth of India’s 100 richest people in the 2025 Forbes list fell by 9% or about $100 billion to $1 trillion. The decline was mainly due to the weak rupee and a 3% decline in the benchmark Sensex since last year’s measurement.
2 , 3Ambani still ahead: Reliance Industries Chairman and Managing Director Mukesh Ambani has retained his No. 1 position as India’s richest person. His wealth declined by 12% or $14.5 billion, taking his net worth to $105 billion. Ambani launched an artificial intelligence venture, Reliance Intelligence, and confirmed plans to publicly list the group’s telecom arm, Jio, in 2026.
3 , 3Adani again at second place: Gautam Adani and his family are in second place with a wealth of $92 billion. The Adani Group founder got a reprieve in September when India’s securities regulator said allegations of fraudulent trading by US short seller Hindenburg Research could not be proven. Those allegations led to a massive selloff in Adani Group shares during 2023.