Top 10 billionaire losses — Who took the biggest financial hit in Hurun Global Rich List 2025 – CNBC TV18

The world’s richest people noticed a turbulent 12 months, with 1,260 billionaires witnessing a decline in their fortunes and 177 dropping off the Hurun Global Rich List 2025 solely. Amongst the biggest losers have been L’Oréal heiress Françoise Bettencourt Meyers, and Mexican telecom tycoon Carlos Slim, as sectors starting from luxurious to e-commerce and manufacturing confronted important challenges.

France: Luxurious giants see sharp declines

France accounted for 3 of the prime 10 wealth declines, led by Françoise Bettencourt Meyers, whose web price shrank by $24 billion after L’Oréal’s inventory stumbled. Bernard Arnault, chairman of luxurious conglomerate LVMH, misplaced $18 billion, compounding a $45 billion decline since 2023 when he was the world’s richest individual.

François Pinault, the man behind Gucci and Balenciaga guardian Kering, shed $8 billion, bringing his whole losses to $21 billion since his peak in 2021.

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Mexico: Telecom and meals business setbacks

Mexico additionally noticed three of its wealthiest people amongst the biggest losers. Carlos Slim Helú & household, controlling América Móvil, confronted a $19 billion drop after a 9% slide in the telecom large’s inventory.

Daniel Servitje Montull & household, house owners of Grupo Bimbo, misplaced $9 billion as rising competitors and market headwinds in North America impacted the breadmaker’s enterprise. In the meantime, mining billionaire Sara Mota de Larrea, valued at $18 billion final 12 months, dropped off the record solely.

China: E-commerce and bottled water tycoons below strain

In China, Colin Huang Zheng, the founding father of Pinduoduo, misplaced $17 billion as his firm’s cross-border e-commerce arm Temu struggled in opposition to fierce competitors in the US. Zhong Shanshan, the bottled water magnate behind Nongfu Spring, noticed his wealth drop by $8 billion following a spate of on-line assaults and rising market competitors.

Different main declines

Stewart & Lynda Resnick, the American billionaire couple behind The Fantastic Firm, misplaced $8 billion, whereas Mexico’s Ricardo Salinas Pliego & household suffered an identical decline on account of challenges at Grupo Elektra.