Advertisement

HindustanTimes Thu,27 Nov 2014

Shanghvi among Asia's top 10 'self-made richest'

PTI  New Delhi, April 30, 2014
First Published: 23:45 IST(30/4/2014) | Last Updated: 07:04 IST(1/5/2014)

Sun Pharmaceuticals Industries' Dilip Shanghvi has been named in the list of Asia's top ten wealthiest self-made billionaires, topped by Hong Kong business tycoon Li Ka-Shing, according to Wealth-X.

Advertisement

Shanghvi, founder and managing director of Sun Pharma, has been ranked seventh and is the only Indian on the list with a net worth of $13.5 billion, while Li Ka-Shing topped the chart with a fortune of $29.4 billion, ultra high net worth (UHNW) intelligence and prospecting firm Wealth-X said.

Shanghvi founded Sun Pharmaceuticals in 1983 with five psychiatry products and a marketing team of just two persons.

Over the years, the company grew manifold and made many acquisitions, the latest being the $4 billion Ranbaxy deal.

He is also the chairman and managing directors of Sun Pharma Advanced Research Company and Shantilal Shanghvi Foundation.

The overall list was dominated by the Chinese, as the combined wealth of the seven individuals from Hong Kong and mainland China stood at $128.7 billion, nearly 70% of the total wealth of the 10 men on the list.


Advertisement
more from Business

Nippon to up Reliance MF stake to 49%; Rs 657 cr for first 9%

Japanese financial services giant Nippon will hike its stake in India's top fund house Reliance Mutual Fund from 26% to 49%, while investing Rs 657 crore for the first tranche of 9%.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved