Nusli Wadia

Nusli Wadia (born 15 February 1944) is an Indian businessman, entrepreneur and the chairman of the Wadia Group, an Indian conglomerate involved in the FMCG, textiles and real estate industries among others.[2] His net worth was estimated at US$3.8 billion by Forbes in 2020.[1]

Nusli Wadia
Born (1944-02-15) 15 February 1944
Bombay, British India
NationalityIndian[1]
OccupationBusinessman, entrepreneur
Net worth3.2 Billion USD[1]
Spouse(s)Maureen Wadia
ChildrenNess Wadia
Jehangir Wadia
Parent(s)Neville Wadia (father)
Dina Jinnah (mother)
RelativesSee Wadia family

Personal life
See also: Wadia family

Nusli was born into the prominent Parsi Wadia family in Bombay. He is the son of businessman Neville Wadia and Dina Wadia. His maternal grandfather Muhammad Ali Jinnah was the founder of Pakistan, while, his maternal grandmother, Rattanbai Petit was born into two of the elite Parsi families of India, the Petit—Tata family. He also held British citizenship for sometime by descent as his father had been born in the UK.[3]

He is married to Maureen Wadia, a former air hostess, who heads Gladrags magazine and is one of the organizers of Mrs. India beauty pageant. They have two sons: Ness Wadia and Jehangir Wadia.[4]

In 2004, Wadia accompanied his mother Dina and sons Ness and Jeh, on a visit to Pakistan, during which he visited the mausoleum of his grandfather Muhammad Ali Jinnah, and grandaunt Fatima Jinnah in Karachi.[5]

Controversy

In 2016, Wadia announced that he will be filing a defamation case against Ratan Tata and his Tata group, after being removed as the independent director of Tata Motors.[6] During the 2016-2019 period, when the trial was ongoing, Wadia's net worth increased from $3.5 to $7billion.[7] In January 2020, Wadia withdrew the defamation case, following Tata's statement that there was no intention to defame Wadia.[8][9]

References
  1. "Nusli Wadia". Forbes. Retrieved 18 February 2020.
  2. "Nusli Neville Wadia Executive Profile & Biography". Bloomberg. Retrieved 18 September 2014.
  3. Cover, Story (31 August 1989). "'Why should I be a threat?' - Interview with Nusli Wadia". India Today. Retrieved 28 November 2016.
  4. Singh, Rohini (13 July 2009). "I want to consolidate: Nusli Wadia". Economic Times. Retrieved 13 July 2009.
  5. "Dina Wadia visits mausoleum of Quaid". DAWN.COM. 27 March 2004. Retrieved 12 January 2018.
  6. "Nusli Wadia To Go Ahead With Defamation Cases Against Tatas". Businessworld. 1 December 2016. Retrieved 16 January 2020.
  7. Soni, Preeti (15 January 2020). "Billionaire Nusli Wadia could be one of the rare men who battled Ambanis and Tatas and lived to tell the tale". Business Insider. Retrieved 16 January 2020.
  8. Sharma, Prathma (13 January 2020). "Nusli Wadia withdraws criminal defamation suit against Ratan Tata". Livemint. Retrieved 16 January 2020.
  9. Rautray, Samanwaya (14 January 2020). "Nusli Wadia to withdraw defamation cases against Ratan Tata". The Economic Times. Retrieved 11 May 2020.


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