Hurun Global Rich List 2025: Mukesh Ambani Falls Out of Top 10 Richest People: What's Reason?

Mukesh Ambani, the Chairman of Reliance Industries, has fallen out of the top ten richest persons in the world, according to the Hurun Global Rich List 2025. Due to an increase in Reliance's debt, his net worth of Rs.1 lakh crore has decreased, causing him to fall out of the world's top 10 wealthiest list.

The stock of Reliance Industries Ltd. (RIL) has dropped more than 20% since its peak in July 2024. According to a Bloomberg study, Reliance's stock underperformed the Indian equity markets, declining 1.5% while the Nifty 50 Index gained 14% in 2024. This discrepancy has caused the gap between analysts' price estimates and the stock's current valuation to widen more than four years ago.

Goldman Sachs' Prediction for Reliance Stocks:

International broking firm Goldman Sachs predicts that shares of the dominant Nifty 50 company, Reliance Industries Ltd., might rise by around 28% from the current level. According to the report of CNBC-TV18, Goldman Sachs expects, "Reliance's Q4 core EBITDA to remain largely flat on a sequential basis. However, investor focus is likely to be on growth trends in the retail segment, with the brokerage estimating a 6.5% year-on-year rise in retail (excluding connectivity revenue) in Q4, compared to a decline of 8.5% in Q2 and a 5.7% increase in Q3."

Mukesh Ambani: Asia's Richest Person

With a net worth of $91.8 billion, Mukesh Ambani remains the richest person in Asia and India despite slipping from the world's top 10 wealthiest person list. According to the Hurun report, Mukesh Ambani's current net worth is $91.8 billion. The retail and energy business segments of Reliance are facing challenges, which led to Ambani's net worth falling.

Gautam Adani's Ranking in Hurun Global Rich List 2025:

However, Gautam Adani, the Chairman of Adani Group became India's largest wealth gainer in absolute terms, as per the Hurun report. Adani's wealth increased by 13% to ₹8.4 lakh crore therefore he is now ranked 27th wealthiest person in the world. The report stated, "Adani's net worth increased by 13 percent, reaching ₹8.4 lakh crore." The 62-year-old billionaire is India's and Asia's second richest person after Mukesh Ambani.

Roshni Nadar: 5th Richest Women in World

With a net worth of ₹3.5 lakh crore, Roshni Nadar, the chairperson of HCL Technologies, is now the fifth richest woman in the world. Owing to a stake transfer from her father, Shiv Nadar, she became the first Indian woman to rank in the top ten worldwide.

Hurun's Top 10 Global Rich 2025 List:

1. Elon Musk, Tesla ($420 billion)
2. Jeff Bezos, Amazon ($266 billion)
3. Mark Zuckerberg, Meta ($242 billion)
4. Larry Ellison, Oracle ($203 billion)
5. Warren Buffett, Berkshire Hathway ($167 billion)
6. Larry Page, Alphabet ($164 billion)
7. Bernard Arnault, LMVH ($157 billion)
8. Steve Balmer, Microsoft ($156 billion)
9. Sergey Brin, Alphabet ($148 billion)
10. Bill Gates, Microsoft ($143 billion)

Tesla CEO Elon Musk's net worth soared by 82% and stood at $189 billion, to reach $420 billion, cementing his position as the richest person in the world in the Hurun's list. The spike coincides with Tesla's ongoing market supremacy in electric vehicles and Musk's increasing political clout in the US under the Trump administration.

With 191 billionaires, India is now the third-largest spot for billionaires. New York City remains the global capital, while the United States leads the pack with 870 billionaires.

The Shanghai-based Hurun Research Institute published the 15th edition of the Hurun Global Rich List 2025 on Thursday. The report denotes US dollars to rank the world's billionaires according to their wealth as of January 15, 2025.