Cyrus Poonawalla Net Worth

Cyrus Poonawalla, the Indian entrepreneur and vaccine magnate, has an estimated net worth of $13 billion. As the Chairman of the Poonawalla Group, he has built his fortune through the Serum Institute of India, the world’s largest vaccine manufacturer by volume. The institute produces over one billion doses annually, playing a crucial role in global immunization programs.

The Rise of Serum Institute of India

Founded in 1966 by Cyrus Poonawalla, the Serum Institute of India has grown into a biotechnology powerhouse. The company supplies affordable vaccines to more than 170 countries, preventing millions of deaths from infectious diseases such as measles, polio, and diphtheria. The firm’s revenues surged by nearly 50% in recent years, driven by strong sales of key vaccines used in Africa and India’s national immunization programs.

One of the group’s major breakthroughs was the introduction of an injectable polio vaccine in India, developed by its Dutch subsidiary, Bilthoven Biologicals. This innovation further solidified Serum Institute’s reputation as a global leader in vaccine production.

Wealth, Investments, and Recognition

As one of India’s richest individuals, Poonawalla has leveraged his wealth to acquire rare art and luxury assets. He has spent $15 million at London art auctions, acquiring works by renowned artists like Renoir and Van Gogh. Additionally, he purchased the racehorse Kenhope for $1.2 million at a Paris auction, showcasing his passion for equestrian sports.

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For his outstanding contributions to medicine and public health, Poonawalla was honored with the Padma Shri award by the Government of India in 2005.

Cyrus Poonawalla Net Worth

Cyrus Poonawalla net worth is $13 billion.