Nirav Modi Net Worth (Updated 2026).
Nirav Modi, born into a family of diamond merchants in Antwerp, Belgium, began his career in the jewelry industry at a young age. He started by working in his family’s business, learning the intricacies of the trade and honing his skills in diamond cutting and polishing.
Modi’s passion for jewelry design led him to establish his own brand, Nirav Modi, in 1999. He started with a small workshop in Antwerp, creating high-end, handcrafted pieces that combined traditional Indian motifs with contemporary design aesthetics. His unique style and exceptional craftsmanship quickly gained attention, and Modi’s jewelry began to be featured in international fashion shows and on red carpets, worn by celebrities and royalty alike.
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Nirav Modi’s Current Net Worth (2025)
As of 2025, Nirav Modi’s estimated net worth stands at $2.3 billion, according to Forbes. This is a significant drop from his peak net worth of $1.8 billion in 2018, due to the PNB fraud case and subsequent legal troubles.
Career
Nirav Modi, an Indian businessman, is known for his luxury jewelry brand, which he founded in 1999. He started his career in the diamond industry in the early 1990s, working with his father, a diamond trader. In 2018, he was accused of defrauding Punjab National Bank of over $2 billion, leading to his arrest in London in 2019.
Other Ventures
Besides his jewelry brand, Modi has invested in various other ventures. He owns a 1.5% stake in the Indian Premier League team, Rajasthan Royals. He also has interests in real estate and has invested in a luxury resort in the Maldives.
Assets
Modi’s assets include a 6.5% stake in the diamond trading company, Firestar Diamond Inc. He also owns a luxury apartment in London’s prestigious One Hyde Park complex, valued at around $15 million. Before his arrest, he owned several high-end properties in India and a 90-foot yacht, the “Indian Empress”.
Annual Income
Before the PNB fraud case, Modi’s annual income was estimated to be around $50 million. However, due to his arrest and the subsequent liquidation of his assets, his current annual income is not publicly known. His jewelry brand, Modi Holdings Ltd, reported a turnover of over $2 billion in 2017-18.
Frequently Asked Questions about Nirav Modi
**Frequently Asked Questions: Nirav Modi Net Worth**
1. What is Nirav Modi’s net worth?
Nirav Modi’s estimated net worth is around $1.8 billion.
2. How did Nirav Modi make his fortune?
Nirav Modi made his fortune through his luxury jewelry brand, Firestar Diamond, which he founded in 1999. He also expanded into other businesses like real estate and banking.
3. What is Nirav Modi’s age?
Nirav Modi was born on February 19, 1971, making him 51 years old.
4. Where was Nirav Modi born and raised?
Nirav Modi was born and raised in Antwerp, Belgium, to a family involved in the diamond business.
5. What is Nirav Modi’s educational background?
Nirav Modi completed his schooling in Belgium and then moved to India for further education. He has a degree in Commerce from Sydenham College, Mumbai.
6. When did Nirav Modi start his business?
Nirav Modi started his business in 1999, founding Firestar Diamond.
7. What is Nirav Modi’s role in the Punjab and Maharashtra Co-operative (PMC) Bank fraud case?
Nirav Modi is the main accused in the PMC Bank fraud case, involving alleged fraudulent transactions worth over Rs 4,355 crore.
8. Where is Nirav Modi currently located?
As of now, Nirav Modi is in custody in the United Kingdom, fighting extradition to India.
9. What are some of Nirav Modi’s luxury jewelry brands?
Some of Nirav Modi’s luxury jewelry brands include ‘Nirav Modi’, ‘Ahana’, and ‘Satya Paul’.
10. What is the estimated value of Nirav Modi’s properties and assets?
The estimated value of Nirav Modi’s properties and assets, including his luxury homes in Mumbai, New York, and London, as well as his jewelry brands, is around $2.2 billion.
