⬅ # 701 Herb Simon|# 703 Gail Miller

# 702 Nusli Wadia 

$4.55B

Real Time Net Worth
as of 5/21/2024
$74.5M (1.64%)

# 702 Nusli Wadia 

$4.55B

Real Time Net Worth
as of 5/21/2024
$74.5M (1.64%)
OccupationChair, Wadia Group
Source of WealthConsumer Goods
Age80
ResidenceMumbai, India
Marital StatusMarried
Children2
Age-Adjusted Net Worth$1.18B
Nusli Wadia
Nusli Wadia
India
Net worth: $4.55B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

Nusli Neville Wadia, born on February 15, 1944, in Bombay, is a member of the prominent Parsi Wadia family.
His paternal grandfather, Sir Ness Wadia, was a renowned textile industrialist credited with developing Bombay into a major cotton trading hub.
Nusli's maternal grandfather was Muhammad Ali Jinnah, the founder of Pakistan, and his maternal grandmother belonged to the elite Parsi Petit family of India.
Educated at Cathedral and John Connon School, Nusli also attended Rugby School in England before earning a PhD in Chemical Engineering from the University of Florida.
Married to Maureen Wadia, who heads Gladrags magazine, they have two sons: Ness Wadia and Jehangir Wadia.
In 2004, he visited Pakistan with his family, paying respects at the mausoleum of his grandfather Muhammad Ali Jinnah and grandaunt Fatima Jinnah in Karachi.

Career

Joined Bombay Dyeing in 1962 as a trainee, rising to managing joint director by 1970.
In 1971, at 26, thwarted his father's plans to sell the company by rallying employees and acquiring shares, eventually becoming chairman in 1977.
Filed a defamation case against Ratan Tata and Tata group in 2016 after being removed as independent director of Tata Motors.
During the trial from 2016 to 2019, his net worth surged from US$3.5 billion to US$7 billion.
Withdrawn the defamation case in January 2020 following Tata's statement of no intention to defame.
His loss-making budget airline, Go First, declared bankruptcy in May 2023.

Wadia Group

Chairman of the Wadia Group, a conglomerate involved in FMCG, textiles, and real estate, among other sectors.
Founded by Lovji Nusserwanjee Wadia in 1736, it is India's oldest company.
Notable subsidiaries include Bombay Dyeing (established 1879) and Britannia Industries (established 1918).
Other significant companies are Bombay Burmah Trading Corporation (1863) and National Peroxide Limited (1999).
Owns firms like Gladrags (fashion magazine), Wadia Techno-Engineering Services Limited (WTESL), and Punjab Kings (IPL cricket team).
Built historical ships for British East India Company, contributing to Bombay's importance as a port city.

How long would it take you to become as rich as Nusli Wadia?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Nusli Wadia's net worth of $4.55B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Nusli Wadia is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Nusli Wadia, Consumer Goods is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey