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# 274 Nusli Wadia $8.07B

Random fact: Group's first venture was in marine construction 250 years ago.


Wadia is the chairman of Britannia Industries, a publicly traded maker of biscuits, cakes and dairy products in India. The Bangalore-based company had revenue of $1.9 billion in the year to March 31, 2022. He's also the chairman of budget carrier GoAirlines India, and has interests in textiles, trading and chemicals ventures.

As of :
Last change +$4.10M ( +0.1%)
YTD change +$224M ( +2.9%)
Biggest asset BRIT IN Equity
Country / Region India
Age 78
Industry Diversified
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Nusli Wadia's net worth of $8.07B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

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Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Wadia's fortune is derived from a 51% stake in Britannia Industries, a Bangalore-based maker of biscuits and other bakery products. His stake is held directly and through several holding companies, according to a June 2022 filing with the Bombay stock exchange.

His other publicly traded holdings include a 54% stake in textile maker Bombay Dyeing & Manufacturing Co, a 71% stake in chemicals producer National Peroxide and a 66% stake in Bombay Burmah Trading Co.

Wadia's Go Airlines India reported revenue of 70 billion rupees ($928 million) in its 2020 fiscal year. The closely held company is valued using reported financial results and the average price-to-sales multiple of two publicly traded peers: Cathay Pacific Airways Ltd and Cebu Air Inc.

The value of his cash and other assets is based on an analysis of dividends, stock transactions, taxes and market performance.

The company's investor relations office didn't respond to requests for comment on Wadia's net worth.


Family: Unknown, No children

Nusli was born on Feb. 15, 1944 into a Parsi family in Mumbai, India. He's the son of businessman, Neville Wadia, and his wife Dina Wadia. His maternal grandfather, Muhammad Al Jinnah, was the founder of Pakistan, and his maternal grandmother, Rattanbai Petit, was born into a prominent Parsi family, the Petit-Tata clan.

Nusli obtained a British passport to make travel more convenient. He's married to Maureen Wadia, a former flight attendant who has been involved in the Mrs. India beauty pageant. They have two sons, Ness and Jehangir.

Wadia Group's first business venture was in marine construction more than 250 years ago, and the company was a key player during the era of British colonial rule. The family of marine designers built more than 350 vessels over 160 years, including the first ships constructed for the British Navy outside England, according to Wadia Group's website. Its ships include 'Mindmen', on which the American National anthem was composed, and 'HMS Cornwallis,' on which the Treaty of Nanking was signed, according to the group.

The company founded Bombay Burmah Trading, a teak-trading company, in 1863, and later diversified into tea, coffee, horticulture, dental, orthopedic and ophthalmic products.

Bombay Dyeing, founded in 1879, began selling beds and other home furnishings. Britannia Industries, founded in 1918, is manufacturer of snack foods. The group founded National Peroxide in 1954 and it became India's largest manufacturer of hydrogen peroxide by installed capacity.

GoAir is the group's more recent venture. It's a low-cost airline that began operating in 2005.

  • 1863 Bombay Burmah Trading Corporation is founded.
  • 1879 Bombay Dyeing is founded.
  • 1918 Britannia Industries is founded.
  • 1954 National Peroxide is founded.
  • 1960 Wadia Techno-Engineering Services Limited is founded.
  • 2005 GoAir is founded as a low-cost airline.
  • 2011 Bombay Realty is created.
  • 2017 Britannia announces plans for the biggest plant in Maharashtra state.