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#81 Billionaire

Dilip Shanghvi

Dilip Shanghvi
$26.2B
$-614M (-2.3%)
IN · Age 70
Source of wealth: Pharmaceuticals
Industry: healthcare
Residence: Mumbai, IN
{ "bio": [ "The son of a pharmaceuticals distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharmaceutical Industries in 1983 to make psychiatric drugs.", "The company is India's most valuable listed pharma outfit and gets two-thirds of its $5.3 billion annual revenue from overseas markets.", "He grew Sun through a series of acquisitions, the biggest of which was the 2014 purchase of scandal-tainted rival Ranbaxy Laboratories for $4 billion.", "In 2023, Sun Pharma completed the $576 million acquisition of U.S.-based Concert Pharmaceuticals." ], "about": [ "Photos of Shanghvi's family deity, Shrinathji, adorn Sun's factories and offices.", "Shanghvi 's favorite cuisine is south Indian." ] }

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