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Filippo Ghirelli, an Italian billionaire, acquired a 25% stake in Nayara Energy, India's second-largest oil refinery, for $169 million in January 2023. This investment transformed his net worth, now estimated at $1.5 billion, with Nayara's stake valued at $1.1 billion after debt.

Nayara Energy reported a net income of $760 million on revenues of $17.6 billion for the fiscal year ending March 2025. Ghirelli's focus has expanded beyond energy, targeting infrastructure projects through his firm Infracorp, which includes investments in airports, AI, and space initiatives.

He aims to create a network of private terminals in Europe and has already committed over $100 million across 65 projects, including biofuel and waste-to-energy facilities. Ghirelli anticipates that his future investments could yield returns four to five times greater than his initial successes.