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Indian billionaires' wealth plummets as stock market crash hits, with some losing over 25% of their net worth.
Indian billionaires have seen significant drops in their net worth due to a stock market crash.
Ravi Jaipuria lost about 26% of his wealth, falling to $13.1 billion, while KP Singh and Gautam Adani each saw their net worth decline by over 25%.
The downturn, driven by foreign investor sell-offs, high valuations, economic slowdown, and global trade tensions, also affected indices like Sensex and Nifty, which fell by about 4.5%.
Broader indices like BSE MidCap and BSE SmallCap saw even steeper losses of over 14% and 17% respectively.
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La riqueza de los multimillonarios indios se desploma cuando el mercado de valores se derrumba, con algunos perdiendo más del 25% de su patrimonio neto.