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HindustanTimes Tue,16 Sep 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.

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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.


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