Cyrus Poonawalla net worth
Current Net Worth – $22.4 Billion (USD – 2,240 Crores), (Rupees – 1.87 Lakh Crores)
Cyrus Poonawalla short biography
| Net Worth | $22.4 Billion |
|---|---|
| Born | January 1941 (Age – 83) |
| Identified as | Founder of Serum Institute of India |
| Status | Indian Parsi businessman, & chairman of Poonawalla Group |
| Education | Brihan Maharashtra College of Commerce (Bachelor of Arts/Science) |
| Nationality | Indian |
| Residence | Pune, India |
| Spousal Status | Widowed |
| Wife | Villoo Poonawalla |
| Children | 1 (Son – Adar Poonawalla) |
Dr. Cyrus S. Poonawalla has a net worth of $22.4 Billion (USD – 2,240 Crores), (Rupees – 1.87 Lakh Crores), making him one of the richest men in India, after Gautam Adani, Shiv Nadar, and Radhakishan Damani.
He is also known as “Vaccine King of India”.
He was also considered as the seventh richest soul in the Healthcare Billionaires list released in 2020.
He is the person fulfilling the necessity of vaccines in many of the nations through his company Serum Institute of India, is an Indian biotechnology and pharmaceuticals company.
It is one of the world’s cheapest vaccine-producing companies and also got listed in India’s top biotech companies.
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Cyrus Poonawalla biography
| Full Name | Dr. Cyrus S. Poonawalla |
| Birthplace | Pune, India |
| Height | 5.5 feet, 165 cm |
| Weight | 80 Kg |
| Father | Soli A. Poonawalla |
| Mother | Gool Poonawalla |
Cyrus Poonawalla was born in January 1945, in a Parsi family to Soli A. Poonawalla (dad) was a horse breeder and mother of Gool Poonawalla.
His family’s historical business was horse racing & breeding, and so they had acquired Poonawalla Stud Farms.
Education
Cyrus Poonawalla finished his schooling at Bishops School, Pune, and in 1966 he had finished his graduation from Brihan Maharashtra College of Commerce (BMCC).
Career
He early got understood the potential in the horse serum business, so he decided to take upon this experiment of creating antibodies extracting horse serum, and providing it all through the nation at reasonable costs, to fulfill the need for vaccines in the nation.
He with his sibling Zavaray raised $12,000 by selling horses. They set up their endeavor in 1966 on a 12-acre land part and began delivering vaccines.
In 2001, Poonawalla got engaged in the Serum Institute of India after his college has been finished.
At that point he began shipping its vaccines to 35 nations, Poonawalla focused on the new items permit and getting pre-qualified by the World Health Organization (WHO) for supplying to United States Agencies including UNICEF and PAHO, to the spread-out organization to the worldwide market.
In 2011, he turned into the CEO due to his endeavors in the company.
In 2012, he assumed a significant responsibility in the procurement of Bilthoven Biologicals, a Netherlands-based government vaccine-producing organization.
Poonawalla is a board member of the GAVI Alliance, the universal vaccine organization.
In 2014, he launched Serum Institute’s oral polio vaccine, which turned into a top-of-the-line item for the company. It was accounted for that he wanted to grow the item portfolio to encompass antibodies for flu, cervical cancer, and dengue.
Till 2015, he has boosted the organization in exporting out its vaccines to around 140 countries that are the 85% of the organization’s earnings are created from different nations.
Now, Poonawalla is the Managing Director and Chairman of the Serum Institute of India corporation.
He has ultimately contributed as president of the Royal Western India Turf Club and as a breeder of superior species racehorses and has received every conceivable top public and worldwide award for his endeavors.
Private & early life
Cyrus Poonawalla was married to Late Villoo Poonawalla. His wife got died on June 8, 2010, due to immense heart failure.
Poonawalla’s son, Adar, currently operates the Serum Institute of India as the chief executive officer (CEO), the world’s biggest vaccine manufacturer by a number of doses produced by the company.
His son’s tweet on supplying COVID vaccines
An emotional moment for the team at @SerumInstIndia as the first shipments of #Covishield finally leave for multiple locations across India. pic.twitter.com/AmrZLesmj5
— Adar Poonawalla (@adarpoonawalla) January 12, 2021
Awards
| Year | Awards |
|---|---|
| 1988 | Ph.D. degree by the Pune University |
| 2016 | Philanthropist of the year |
| 2017 | Indian of the Year in CSR Business Category |
| 2018 | Business Leader of the Year |
Discovery:
- 1966 – Establishes the Serum Institute of India in Pune.
- 1994 – India receives WHO accreditation to export vaccinations.
- 1999 – Achieves prominence as the world’s top manufacturer of DTP and measles vaccinations.
- 2010 – Pre-filled syringes with the H1N1 influenza vaccination are available.
- 2010 – 67-year-old wife Villo passes away.
- 2012 – Bill Gates meets Poonawalla at the Serum Institute in Pune.
- 2012 – Purchases Dutch vaccine manufacturer Bilthoven Biologicals.
- 2015 – Spends $120 million to purchase a former Maharajah’s Mumbai home.
Net worth statistics
- March 2011 – $2.3 B
- March 2012 – $2.9 B
- March 2013 – $3.9 B
- March 2014 – $4.9 B
- March 2015 – $6.6 B
- March 2016 – $8.5 B
- March 2017 – $8.1 B
- March 2018 – $9.1 B
- March 2019 – $9.5 B
- April 2020 – $8.2 B
- April 2021 – $12.7 B
- April 2022 – $24.3 B
- April 2023 – $22.6 B
- April 2024 – $21.3 B
Cyrus Poonawalla Quote
“Besides my love for horses and cars, I am passionate about making the cheapest vaccines in the world. I started making life-saving drugs when I was 22.”
– Cyrus Poonawalla
