23 March, 2023
By: Business Team
These Indians are the world’s richest in the healthcare sector… They are called Vaccine King!
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A new achievement has been added to the name of Indian billionaire Cyrus Poonawala, the founder of Serum Institute.
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In the M3M Hurun Rich List 2023, he has been described as the world’s richest in the healthcare sector.
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According to Hurun’s report, the total net worth of Cyrus Poonawalla Group’s chairman and MD, who has received the Padma Bhushan honor, is $ 27 billion.
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Cyrus Poonawalla, who was placed at number 261 in Hurun’s Rich List 10 years ago, has now reached the 46th position.
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In these ten years, there has been an increase of 350 percent in the net worth of the founder of Serum Institute.
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The contribution of Indian billionaires in the global healthcare industry has gone up to 14.9 per cent in 2023 so far.
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Cyrus Poonawalla, the son of a horse breeder who became the vaccine king, founded the Serum Institute in the year 1966.
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The story of Poonawala becoming the Vaccine King is interesting. His family used to give retired horses of Horse Farm to the Haffkine Institute in Mumbai.
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This institute used to make vaccine from the serum of horses. It was from here that he got the idea of making a vaccine through serum.
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Then he did not look back and today Serum Institute is the biggest vaccine manufacturer, while Poonawala is the richest in the healthcare sector.
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