MD of Raymond Group Nawaz Modi Singhania, Gautam Singhania’s estranged wife, is allegedly demanding 75% of the billionaire industrialist’s entire net worth during their ongoing divorce settlement negotiations. This has made people curious about how much is Gautam Singhania net worth. Please scroll down to read our findings on Gautam Singhania net worth, which will be covered in the following paragraphs.
Gautam Singhania Net Worth
Indian businessman Gautam Singhania is worth a whopping $1.4 billion or ₹11,000 crore. One of the biggest branded fabric and apparel merchants in India, Raymond Group, is now led by Gautam Singhania as chairman and managing director. Singhania joined his family’s JK Group at the age of 21, having been born on September 9, 1965, to industrial parents.
He had already graduated from Mumbai’s Cathedral School at the time. In July 1999, he was appointed Managing Director, and in September 2000, he was named Chairman. Under his direction, the business expanded and shifted its emphasis from making steel and cement to producing fabric, condoms, men’s clothing, and toiletries.
According to The Economic Times, Gautam Singhania, who is well-known for his opulent lifestyle and billion-dollar riches, will be leaving his wife Nawaz and their two daughters Niharika and Nisa with seventy-five per cent of his USD 1.4 billion or Rs. 11,000 crores net worth.
Billionaire Gautam Singhania’s wife has reportedly asked for 75 percent of his total Rs. 11,000 crores net worth.
This may or may not be true, but it brings up the question, as a husband in India what kind of alimony will you have to pay to your wife if you are getting… pic.twitter.com/EHbOQYRlqs
— Amish Aggarwala (@AmishAggarwala) November 20, 2023
According to the ET narrative, the billionaire has proposed that a family trust be established as part of his divorce settlement, into which he would transfer the family’s assets and give Singhania exclusive authority over fund management.
The Split Between Gautam Singhania And Nawaz Modi
Only a few days after she was reportedly barred from the billionaire’s Diwali celebration, Gautam Singhania announced his divorce from his 32-year-old wife, Nawaz Modi. In his statement, Singhania stated that he and his partner would keep raising their two girls together.
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“This Diwali is not going to be the same as many in the past. I believe that Nawaz and I will pursue different paths from here on,” the chairman and managing director of Raymond Ltd., a massive company that deals in textiles to real estate, Singhania, stated his opinion that he and Nawaz will pursue different paths in the future. He married Nawaz in 1999 after dating the 29-year-old for eight years.
He stated, “32 years of being together as a couple, growing as parents and always being a strength of each other… we traversed with commitment, resolve, faith as along came the two most beautiful additions in our lives.”
— Gautam Singhania (@SinghaniaGautam) November 13, 2023
“As I reflect over the unfortunate developments in the recent past, there has been a lot of unsubstantiated rumour-mongering, and gossip surrounding our lives fanned by ‘not so well-wishers’,” he wrote. “I am parting ways with her while we continue to do what is best for our two precious diamonds Niharika and Nisa.”
Nawaz reportedly requested 75% of Singhania’s ₹11,000 crore fortune as part of her divorce settlement; however, it is unclear if the MD of Raymond Group has formally accepted the terms.
Thus, while the legal battle drags on, Nawaz Modi’s claim for 75% of Gautam Singhania’s wealth continues to attract media interest and shed light on the challenges that come with high-profile divorces in the world of the rich and famous. For the most recent information, go to our page, Digi Hind News.