Covishield Maker Serum Institute Of India's Founder Cyrus Poonawalla Is World's Richest Healthcare Billionaire

Cyrus Poonawalla, the founder of Indian Covid vaccine Covishield¡¯s maker Serum Institute of India (SII), is the world¡¯s richest billionaire in the healthcare sector this year. This is according to Hurun Global Healthcare Rich List of 2022.

With a massive net worth of $26 billion, Cyrus Poonawalla is the overall the fourth richest Indian, with his wealth growing by 41% from last year. This spike in the wealth of this billionaire is primarily attributed to the wide usage of the Covid-19 vaccines produced by the SII.

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In 2020, Serum Institute¡¯s founder Poonawalla had a net worth of $8.2 billion, which has risen by $17.8 billion over the last two covid hit years.

For the uninitiated, Poonawalla had founded the Serum Institute in 1966. Over these five decades, SII has grown to become the world¡¯s largest vaccine maker, producing over 1.5 billion doses of vaccines that counter measles, polio and flu among others, as per HBL. Cyrus Poonawalla's son Adar Poonawalla is the current CEO of SII.

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Others In The Healthcare Rich List

The second richest healthcare billionaire globally is HCA healthcare owner Thomas Frist Jr and family. HCA healthcare operates 187 hospitals as well as around 2,000 sites of care in 20 States in the US and the UK, according to Forbes.

The third and fourth on the healthcare rich list are from China ¡ª Li Xiting and Xu Hang of Mindray.

At number five is India¡¯s Dilip Shanghvi and family of Sun Pharmaceuticals, with a net worth of $18 billion

These are the other healthcare billionaires from India who find a mention on the Hurun rich list 2022-Pankaj Patel and family of Cadilla Healthcare, Kiran Mazumdar and John Shaw of Biocon, Samir Mehta & family of Torren Pharma, Sudhir Mehta & family of Torrent Pharma, B Parthasaradhi Reddy of Hetero Drugs, and Manju D Gupta & Family of Lupin.

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