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Gautam Singhania is the Chairman & Managing Director of the Raymond Group. Incorporated in 1925, Raymond Group is one of India's largest branded fabric and fashion retailers. The Group owns brands like Raymond, Raymond Premium Apparel, Manzoni, Park Avenue, ColorPlus, Parx & Notting Hill. His yacht Ashena was built out of Burma Teak. Ashena is available for charter and has her own website. Ashena was used by Liz Hurley for her wedding. Singhania also owns the yacht Moonraker. Moonraker is one of the world’s fastest yachts. Some sites mention that Singhania’s net worth is around USD 1.4 billion, but this seems to be an ‘exchange rate mistake’ as some business websites mention a net worth of 1.4 billion Indian rupees. Which is a factor 70 less..