Mukesh Ambani Loses $10 Billion, 5 Indian Billionaires Shed $21 Billion Wealth in 2026; Adani’s Fortune Stays Steady

As per recent data from Bloomberg Billionaires Index shows a sharp decline in the notional wealth of India’s top 5 billionaires during 2026, contrasted with a stable position for Gautam Adani. 

Wealth Decline for Mukesh Ambani and 4 other Indian Billionaires 

Mukesh Ambani’s net worth fell to $97.7 billion after a 10.32% drop in Reliance Industries share price year to date. The loss amounts to $10 billion, making him the largest single decliner.  

Azim Premji and Shiv Nadar together lost $6.8 billion as Wipro and HCL Technologies shares fell up to 21 % amid concerns over AI disruption. 

Shapoor Mistry’s wealth dropped $2.32 billion to $32.9 billion, while Sunil Mittal saw a $1.4 billion reduction, leaving him with $28.3 billion after Bharti Airtel shares fell 6 % year to date. 

Gautam Adani’s Wealth Remains Largely Unchanged 

Gautam Adani’s net worth stood at $84.6 billion, up $122 million year to date. Gains in Adani Ports and Special Economic Zone and Adani Power offset declines in Adani Enterprises, Adani Green Energy, ACC and Ambuja Cements. 

Other Notable Changes Among Indian Billionaires 

Lakshmi Mittal recorded the only increase among the 24 billionaires, with his wealth rising $7.32 billion to $38.9 billion. No other billionaire listed showed a comparable gain. 

Read More: Top Undervalued Stocks in India for Feb 2026: ICICI Bank, Power Finance Corporation and More! 

Conclusion 

The data illustrate a $21 billion reduction in wealth for 5 leading Indian billionaires in 2026, driven primarily by share price movements in Reliance, IT firms and telecom. Gautam Adani’s portfolio displayed resilience, with modest growth offsetting sectoral losses. 

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