Nirav Modi’s profile picture

Nirav Modi

Nirav Modi’s profile picture
Net worth 2018: $1.73 Billion
Residence: Mumbai, India
Country: India
Children: 3
BIOGRAPHY

Nirav Modi was born in Mumbai, India, India. Nirav Modi is #1367 in List Billionaires People In The World. Indian-born diamond jewellery designer Nirav Modi is the founder of the $2.3 billion (revenues) Firestar Diamond. Modi grew up in Belgium, dropped out of Wharton and moved to India where he got trained in the diamond trade under his uncle. He went on to launch his own Nirav Modi brand with 16 stores in locations such as Delhi, Mumbai, New York, Hong Kong, London and Macau.

NET WORTH STATISTIC
2013

$1 Billion

2014

$1.2 Billion

2015

$1.8 Billion

2016

$1.7 Billion

2017

$1.7 Billion

2018

$1.73 Billion

TIMELINE
NIRAV MODI is a global diamond jewelry house established in 2010 by founder, Mr. Nirav Modi. The company has its headquarters in Mumbai, India.Mr. Nirav Modi comes from a family of diamantaires and grew up in Antwerp. His interest in art and design began at a young age by visiting various museums in Europe.After moving to India and training in all aspects of the diamond trading business, in 1999 he founded Firestar (Formerly known as Firestone), a diamond sourcing and trading company.In 2008, a close friend asked Nirav Modi to make a pair of earrings. Months into designing and sourcing the right diamonds, he discovered his flare and passion for jewelry that eventually led to the making of the brand.In 2014, Mr. Nirav Modi opened his first flagship store at Defence Colony, New Delhi, followed by a store at Kala Ghoda, Mumbai in 2015. NIRAV MODI launched globally with boutiques in New York City and Hong Kong in 2015, followed by two other boutique launches in Hong Kong in 2016. The most recent NIRAV MODI boutiques opened in London on Bond Street and at MGM Macau Embrace CollectionThe Embrace Collection is crafted to be flexible and stretchable but are in fact made entirely of gold and diamonds, with countless individual pieces interlocking together. The brand is the only Indian jeweller to have 4 globally patented diamond cuts to its credit.Diamonds are cut and set without metal prongs forming an unbroken halo of diamonds.Each diamond is uniquely cut with soft faceting to resemble petals of the Jasmine flower.It replaces metal links with an all-diamond link made of two crescent-shaped diamonds fastened together.A precision technique to create diamond flower petals inspired by the Mughal miniature paintings.
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