Vikrant Shekhawat : Feb 01, 2025, 06:00 AM
Union Budget 2025: On February 1, 2024, when the government presented the interim budget, the wealth of Asia and India's two richest businessmen set a new record. Mukesh Ambani, who was already in the $100 billion club, was also near this club, while Gautam Adani was also near this club. But now, a year later, the wealth of both of them has declined drastically. While Mukesh Ambani has dropped out of the $100 billion club, Gautam Adani has also dropped out of the top 20.Decline in Mukesh Ambani's wealthAccording to data from the Bloomberg Billionaires Index, Mukesh Ambani's net worth was $106 billion on February 1, 2024. Now, as of March 31, 2025, this figure has fallen to $90 billion, which shows a decrease of about $16 billion. In a year, his wealth has declined by 15 percent. As a result, he is now the 17th richest businessman in the world and has dropped out of the $100 billion club. This decline has caused him to slip back in many business categories.Loss in Gautam Adani's wealthAt the same time, Gautam Adani, whose wealth was $96.8 billion on February 1, 2024, has now reached $69.8 billion. According to this figure, his wealth has declined by about 28 percent, that is, a total loss of $27 billion. After this decline, he is now the 21st richest businessman in the world and has dropped out of the top 20 club. This decline has been caused by a sharp decline in the shares of Adani Group companies.Increase in wealth after the budget?Now the question arises whether there will be any increase in the wealth of both the billionaires in the 2025 budget. Experts believe that this time the budget is expected to be growth-enhancing. This will have a direct impact on the stock market, which may lead to a rise in the shares of Mukesh Ambani and Gautam Adani's companies. If the shares of Reliance Industries and Adani Group see a rise, then their wealth may also increase.According to the data of January 31, Gautam Adani's wealth has declined by more than $ 1 billion, while Mukesh Ambani's wealth has seen a slight increase. In such a situation, if there is any positive change in the market on the day of the budget, then certainly the wealth of these two billionaires can increase again.ConclusionWhen the budget was presented on February 1, 2024, the wealth of these two businessmen was at its peak, but now after a year there has been a huge change in their situation. The wealth of Mukesh Ambani and Gautam Adani has declined, and their position has also dropped. However, the effect of the possible boom in the market during the budget can also be seen on their wealth. Now it remains to be seen in which direction the financial situation of both of them goes amid financial reforms and new investments.