Mittal, Lal Soar; Jaipuria, Lodha See Wealth Plunge in Choppy 2025 Markets

• India's richest families experienced a sharply divided year in 2025, with some billionaires achieving double-digit gains while others faced wealth declines amid volatile equity markets.
• Lakshmi Mittal (ArcelorMittal) led gainers with a 59% rise to $31.2 billion, followed by Vikram Lal (Eicher Motors) with a 42% increase and Sunil Mittal (Bharti Airtel) with a 26% rise.
• Other significant gainers included Mukesh Ambani, Kumar Mangalam Birla, Uday Kotak, and Nusli Wadia, all seeing substantial wealth increases.
• Ravi Jaipuria (RJ Corp) suffered the sharpest decline, with his wealth dropping 27% to $12.6 billion due to Varun Beverages' fall and increased competition.
• Mangal Prabhat Lodha (Macrotech Developers) and KP Singh (DLF) also saw significant wealth reductions, reflecting weakness in the broader real estate sector.

Why It Matters: 2025 was a mixed year for India's billionaires, with market volatility creating both massive gains and significant losses.