Billionaire Gautam Singhania announced on Monday that he and his wife Nawaz are splitting up. He said that they have chosen to go their separate ways. In 1999, Singhania, who was 58 years old, married Nawaz Modi, who was the daughter of lawyer Nadar Modi.
“This Diwali is not going to be the same as many in the past,” Singhania, head and managing director of Raymond Ltd, a company that makes everything from textiles to real estate, wrote on social media. “It is my belief that Nawaz and I will pursue different paths from here on.” After dating for eight years, he married Nawaz, who was 29 years old at the time.
“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,” he shared.
Who is Gautam Singhania?
A billionaire businessman named Gautam Singhania is the head and managing director of the Raymond Group, which makes more suits than any other company in the world. Forbes says Singhania’s net worth is USD 1.4 billion, which is about ₹11,658 crore in Indian money.
People know that Singhania lives a fancy life and loves fast cars, planes, and boats. Based on family tradition, the millionaire got most of his money from his father, who gave him 37% of the company.
Who is Nawaz Modi Singhania?
Nawaz Modi, who is 53 years old, owns a fitness center in south Mumbai and works as a fitness teacher. The lawyer Nadar Modi is her father and is well known. She also studied law, but she was more interested in exercise and living a healthy life.
Before they got married in 1999, she was said to have been with Gautam Singhania for eight years. He likes fast cars. They have two girls, named Nisa and Niharika. New author Nawaz Modi has written a book called “Pause, Rewind” in which she talks about natural ways to look younger. She also had a Spotify podcast called “Fitness with Body Art” that was about exercise.
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Gautam Singhania Divorce With Nawaz Modi
There was a breakup between Gautam Singhania and Nawaz Modi, his wife of 32 years, just a few days after she was said to have been denied entry to the billionaire’s Diwali party. Singhania said in his statement that they will keep giving their two girls the same care as before.
Nawaz Modi Singhania Demands 75% of Gautam Singhania’s Net Worth
The split between Gautam Singhania and Nawaz Modi Singhania: This happened after Singhania said he was splitting up with his partner of 32 years and that they would be going their separate ways afterward. Nawaz Modi Singhania, the ex-wife of Raymond Ltd Chairman Gautam Singhania, is said to want 75% of the billionaire industrialist’s $1.4 billion net worth for herself and their two girls, Niharika and Nisa. This happened after Singhania said he was splitting up with his partner of 32 years and that they would be going their separate ways afterward.
A story in the Economic Times says that Gautam Singhania is thought to have agreed to most of Nawaz Modi Singhania’s demands. He has suggested, however, that the family’s income and assets be put into a family trust and that he be the only person in charge of managing the trust. Sources told the news source that Singhania wanted his family to be able to give his assets to others after he died, which Nawaz does not agree with.
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Haigreve Khaitan, a senior partner at Khaitan & Co., and Rashmi Kant, a law company in Mumbai, have been hired by Gautam Singhania and Nawaz Modi to be their legal advisors. The daily said that Shardul Amarchand Mangaldas and co-managing Partner Akshay Chudasama have been trying to help the pair get back together or find a situation that works for both of them.
Conclusion
Billionaire Gautam Singhania and his wife Nawaz Modi have announced their separation. Singhania, the head and managing director of Raymond Group, has a net worth of USD 1.4 billion. Nawaz Modi, a fitness teacher and fitness center owner, demanded 75% of Singhania’s $1.4 billion net worth for herself and their two daughters. Singhania agreed to most of Nawaz Modi Singhania’s demands but suggested putting the family’s income and assets into a family trust. They have hired Haigreve Khaitan and Rashmi Kant as their legal advisors. Shardul Amarchand Mangaldas and co-managing Partner Akshay Chudasama are trying to help the couple find a suitable situation.