Meet the Indian billionaire, whose airline went bankrupt, had filed a lawsuit against Ratan Tata but still had a net worth of Rs 465,17 crore, he is…
Wadia, along with his two sons, is the direct and only descendant of Muhammad Ali Jinnah, the founding father of Pakistan (with his mother).
Nusli Wadia is the chairman of Wadia Group, which exists in multiple fields. Group companies include Britannia Industrial Company and home textile company Mumbai Dyeing. The billionaire also set up an airline called Go First. It began operations in 2005. However, a few years later, the airline was unable to make a profit. Therefore, the billionaire declared bankruptcy in 2023. However, this does not affect Wadia's billionaire status. According to Forbes, he still has a net worth of $5.5 billion or Rs 4.6517 crore. In September 2024, Wadia sold a 10-acre land in Mumbai for $130 million.
The media often refer to Wadia as corporate warriors because they launched many legal battles. The 81-year-old filed a criminal defamation case against the late Ratan Tata and other directors of the Tata Sons in 2016 after he was elected to the board of directors of some Tata Group companies. But then, Wadia drew all the cases.
Wadia, along with his two sons, is the direct and only descendant of Muhammad Ali Jinnah, the founding father of Pakistan (with his mother). Wadia's son Ness co-owned Indian Premier League (IPL) cricket team Prince XI Punjab. Wadia is also an active philanthropist who supports the cause of education and health care in India. Most of Wadia's wealth comes from 51% stake in Britannia Industries, a biscuit maker and other bakery products in Bangalore. He married Maureen Wadia, a former flight attendant who participated in the Indian Lady’s Beauty Pickup. They have two sons, Nice and Jaehangir.
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