The heir to one of the country’s richest families managed to amass millions of dollars during his tenure at the family conglomerate.
Nusli Wadia He is one of the most influential businessmen in India as the president of Wandia Group. This conglomerate valued at millions of dollars dominates much of the country’s consumer goods, textile and real estate markets. Its companies generate $2.7 billion annually from the sale of their products and services worldwide.
The firm comes from a family legacy of three generationsThe billionaire’s paternal grandfather, Sir Ness Wandia, managed to turn Bombay into one of the world’s leading cotton trading centres, while his maternal ancestor was the founder of Pakistan, Muhammad Ali Jinnah. His grandmothers came from the English and Indian elite.
The story of Nusli Wadia, the billionaire who comes from an elite family
The current president of the company is the son of Neville Wandia and Diana Wandia. He received his education in England, where he completed his secondary education at John Connon School and later moved to the United States. There he received a degree in PhD in Chemical Engineering from the University of Florida.
He joined the family business in 1962, when he became an apprentice at the Bombay Dyeing factories. Eight years later he was appointed deputy director. His ambition to lead the company made him oppose his father’s decision to sell the business and began to acquire a greater share of his shares through his savings and family loans. After gathering 11% of the shares, Nusli flew to England, convinced his father not to liquidate the conglomerate and to settle in India. The billionaire subsequently inherited his father’s position in 1977.
How much is Nusli Wadia’s fortune, according to Forbes
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Forbes India
The magazine specialized in finance and in analyzing the fortune of multimillionaires calculated that The fortune of the Indian tycoon is estimated to be around 4.1 billion dollars.
Source: Ambito
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