Adar Poonawalla's Net Worth: A look at Serum Institute CEO¡¯s Rs 136,000 crore lavish lifestyle
Serum Institute¡¯s CEO Adar Poonawalla has acquired 50% of Karan Johar¡¯s Dharma Productions which is expected to spike his earnings by a massive margin over the next few years. Here¡¯s a look at his current net worth.
Adar Poonawalla is all set to acquire a 50% stake in Karan Johar¡¯s Dharma Productions and this has only made the internet wonder what more financial fortune is in store for him. The CEO of the Serum Institute of India made huge multiples in his net worth during the COVID-19 pandemic and is expected to see a fresh business overturn after this Rs 1000-crore merger. As of October 2024, Adar Poonawalla¡¯s net worth is estimated to be around $16.3 billion (?136,000 crore).
Who is Adar Poonawalla?
Apart from being the chief executive officer of the Serum Institute of India, Adar is also the Chairman of Poonawalla Fincorp. He is the son of Cyrus Poonawalla, founder of the Serum Institute of India and a business tycoon who remains a constant achiever in the Top 10 richest Indian list. Born on January 14, 1981, Adar completed his early education at Pune¡¯s The Bishop¡¯s School and Canterbury¡¯s St. Edmund¡¯s School before getting a graduate degree from London¡¯s University of Westminster.
Adar returned to India in 2001 and joined his family business in the same year. The young businessman then spared no time in bringing his expertise into play and taking his pharmaceutical business to the world map with some key partnerships across global industry leaders. His business¡¯ biggest jump case still remains the Covid-19 pandemic when Serum Institute became the key manufacturer of the Oxford-AstraZeneca vaccine (Covishield).
Adar Poonawalla's net worth breakdown
As per Current Serials, Adar Poonawalla¡¯s net worth is currently valued at $16.3 billion. His majority wealth comes from the Serum Institute of India which reportedly holds an 80% share of the global vaccine market. In 2023, Adar was in the headlines after buying London¡¯s most expensive house Aberconway Housenvalued at ?138 million.
This luxurious property added significant value to his expansive real estate portfolio which also includes properties in Mumbai, Pune, and Europe. Other than this, he ventured into the financial service industry by acquiring a controlling stake in Magma Fincorp, now known as Poonawalla Fincorp. He also established the Serum Institute Life Sciences in Pune, a state-of-the-art facility dedicated to manufacturing vaccines on a pandemic scale contributing to global healthcare.
A look at Adar Poonawalla's luxurious life
Adar Poonawalla lives the life he has earned over the years. Other than his real estate earnings, his personal car collection is valued at over ?40 crore. He owns several premium on-road kings like the Ferrari 488 Pista, Bentley Continental Flying Spur, Rolls-Royce Phantom, and a custom Mercedes-Maybach S600. Not just that, Adar also owns a Gulfstream G550 and an Airbus A320, which he has converted into a flying office.
How many multiples will Adar Poonawalla's net worth see will be a pricey sight to witness! However, how do you think the businessman¡¯s latest deal with Dharma was - yay, nay or better not say? Just drop by @indiatimes
For the latest and more interesting financial news, keep reading Indiatimes Worth.
Aditya Sagar is an Entertainment Journalist at Indiatimes who holds a true-blue Bollywood heart and has his ears tuned to the whispers of Tinseltown. From Dharma to Drama, he is your trusted guide to the glitz, glamour and gossip that make headlines. He can be reached out @theadityasagar across all social media platforms.
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