Sunil Vaswani (born 11 July 1963) is an Indian-born Nigerian billionaire businessman, and the chairman of the Stallion Group; a Dubai-headquartered company with diversified interests in cars, commodities, food, steel manufacturing, plastics, packaging, petrochemicals, port operations and technology. The group operates across Asia, the Middle East and Africa.[1] As of April 2020, his net worth was estimated at US$1.6 billion.[2]
Sunil Vaswani | |
|---|---|
 | |
| Born | 11 July 1963 Jaipur, India |
| Nationality | Indian |
| Citizenship | Nigerian and British |
| Occupation | Businessman |
| Title | Chairman, Stallion Group |
| Spouse | Rita Vaswani |
| Children | 3 |
| Website | Sunil Vaswani |
Early life edit
Vaswani was born in Jaipur on 11 July 1963, the son of Sundar D Vaswani,[3] grew up in Nigeria, and was educated in London.[3] He is a graduate of economics and accounting from the United Kingdom.[3] He was ranked No.1 in 2015 and 2016 by Forbes Middle East "Top Indian Leaders in the Arab World" [4]
His younger brothers Haresh and Mahesh also work for the company, in Dubai.[5]
Career edit
Vaswani took over the Nigerian trading business from his father when he was 21.[6]
In 2003, Vaswani moved to the UAE following legal disputes with the government for alleged duty evasion, which led to his deportation.[5] No wrongdoing was found, and the Vaswani family was allowed to return.[5]
In 2021, the Sunday Times Rich List estimated his net worth at £1.159 billion.[7]
Personal life edit
Vaswani and his wife Rita live in Dubai.
Vaswani holds Nigerian and British passports.[5] He is of Sindhi heritage.[8]
References edit
- ^ "Stallion Group Forges Ahead with Africa Expansion". Forbes Middle East. Retrieved 2 March 2015.
- ^ "Forbes Profile: Sunil Vaswani". Forbes. Retrieved 26 January 2021.
- ^ a b c "Chairman's Profile". stalliongroup.com. Archived from the original on 20 December 2016. Retrieved 29 November 2016.
- ^ "Forbes Middle East unveils Top Indian Leaders in the Arab Region". Forbes Middle East. Retrieved 4 May 2016.
- ^ a b c d Rai, Saritha. "Dubai-Based Billionaire Vaswani's Stallion Group Wants To Dominate Nigeria And All Of West Africa". forbes.com. Retrieved 21 January 2018.
- ^ "Follow The Leader: Sunil Vaswani, Group Chairman, Stallion Group". entrepreneur.com. Retrieved 9 September 2016.
- ^ "The Sunday Times Rich List 2021". www.thetimes.co.uk. Retrieved 19 November 2021.
- ^ Palijo, Waseem (8 January 2019). "Most billionaires in India today once resided in Pakistan's Sindh". Daily Times. Archived from the original on 7 May 2020. Retrieved 7 May 2020.