Market Rout Hits Billionaires: Premji, Nadar, Lodha Among Worst Affected as Fortunes Plunge

• Indian billionaires in IT, real estate, and aviation sectors face significant wealth erosion in 2026 due to a market selloff.
• KP Singh of DLF saw the steepest drop (>23%), followed by Azim Premji (Wipro) and Ravi Jaipuria (RJ Corp) with ~21% declines.
• Mangal Prabhat Lodha (Macrotech Developers), Rahul Bhatia (IndiGo), and Shiv Nadar (HCL Technologies) also experienced substantial wealth reductions.
• Market downturn driven by US–Israel–Iran conflict, rising crude oil prices, and AI disruption impacting IT and real estate stocks.
• While most billionaires lost wealth, Samir Mehta, Sudhir Mehta, Lakshmi Mittal, and Dilip Shanghvi saw their fortunes increase.