This week, Forbes released its highly anticipated annual World Billionaire List for 2022. While the list saw 87 fewer billionaires that are worth US$400 billion less than a year ago, the list was still one to behold with both familiar names and newcomers.
In particular, Asia saw a significant increase in billionaires in Asia with the richest newcomer, Zhang Congyuan (with a net worth of US$11.7 billion), hailing from Taiwan and 62 new faces from China alone—the most from a single country.
However, one of the most notable newcomers is Falguni Nayar, a 59-year-old entrepreneur from India with a net worth of US$4.5 billion. She is also the richest self-made woman in the country with several achievements to her name after she started her beauty retail brand just nine years ago at age 50.
It is safe to say that many would be curious about this gritty female entrepreneur and her business story. Below, we detail what we know so far.
1. She has an MBA from one of the top schools in India
Falguni was born in 1963 to a Gujarati family in Mumbai, Maharashtra. She graduated from Sydenham College of Commerce and Economics in 1983 with a Bachelor of Commerce, Accounting and Business/Management.
She then went on to further her education at the Indian Institue of Management Ahmedabad where she graduated with a Master of Business Administration (MBA) in 1985.