Gautam Adani, chairman of the Adani Group, has seen a significant drop in his net worth in 2025. According to the Bloomberg Billionaires Index, his fortune has decreased by approx. $13.9 billion, bringing it down to $64.8 billion. This makes him the fourth-largest wealth loser in the world this year, after Tesla CEO Elon Musk, Google CEO Larry Page, and the president of Alphabet Sergey Brin.
The sharp decline in Adani’s wealth is primarily due to falling stock prices of Adani Group companies and legal troubles that have raised concerns among investors. Here’s a detailed look at the reasons behind the decline.
Legal Issues and Fraud Allegations
The biggest setback for Adani’s wealth this year has been the legal troubles surrounding his conglomerate. U.S. prosecutors have accused Gautam Adani and executives from Adani Green Energy of being involved in a multibillion-dollar fraud scheme.
According to the allegations, between 2020 and 2024, Adani and his associates reportedly paid over $250 million in bribes to Indian government officials to secure solar energy contracts, resulting in $2 billion in profits. Additionally, Adani Green Energy is accused of raising over $3 billion in loans and bonds using false and misleading statements.
These serious allegations have led to legal actions, including arrest warrants for Adani and his nephew Sagar Adani. The U.S. Securities and Exchange Commission (SEC) has also taken an interest in the case, filing related civil charges. While Adani Group has denied all accusations, calling them “baseless,” the legal uncertainty has shaken investor confidence and caused further declines in stock prices.
Falling Stock Prices of Adani Group Companies
Following the allegations, Adani’s net worth declined led by the drop in the stock prices of his companies. Since the start of 2025, Adani Enterprises has lost about 17.91 percent of its value.
Similarly, Adani Ports & Special Economic Zone has dropped by 13.08 percent, Adani Power has declined by 8.87 percent, and Adani Green Energy has fallen the most, by 27.09 percent. These declines have significantly impacted Adani’s wealth, as a large portion of his fortune is tied to these stocks. Investors have been cautious about Adani Group stocks, leading to a broader selloff and lowering their market value.
Market Selloff and Economic Slowdown
Apart from company-specific troubles, the overall stock market has also been under pressure in 2025. The broader market selloff has affected most stocks, including those of Adani Group. Concerns over high stock valuations, global economic slowdown, and a weakening Indian rupee have contributed to the decline in stock prices.
The Nifty 50 index has corrected by 6.82 percent this year, and the Indian rupee has depreciated by 1.87 percent, further impacting investor sentiment. These market conditions have added to the challenges faced by Adani and other billionaires in India.
Impact on Other Indian Billionaires
While Adani has been the biggest loser among Indian billionaires, other business tycoons have also seen their net worth shrink. Mukesh Ambani, India’s richest person, has experienced a $5.60 billion decline in his fortune, bringing his total wealth to $85 billion.
Shiv Nadar of HCLTech lost $5.73 billion, reducing his wealth to $37.4 billion. The decline in wealth for these billionaires reflects broader challenges in the Indian economy and stock market.
Conclusion
Gautam Adani’s declining net worth in 2025 is mainly due to the sharp fall in Adani Group’s stock prices and serious legal troubles. The fraud allegations and regulatory scrutiny have hurt investor confidence, causing further stock declines. Additionally, the overall market slowdown and economic uncertainties have added to the pressure. While Adani Group has denied all allegations and promised legal action, it remains to be seen how these issues will impact the company’s future and Adani’s fortune.
Written By – Nikhil Naik
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