PRESS RELEASE HURUN PHARMACEUTICAL GLOBAL RICH LIST 2017

DILIP SHANGHVI (60), THE RICHEST PHARMA BILLIONAIRE

HURUN REPORT FINDS 109 PHARMACEUTICAL BILLIONAIRES

BASEL IS THE HEADQUARTER CITY TO THE MOST NUMBER OF PHARMA COMPANIES IN THE HURUN GLOBAL RICH LIST 2017

MASSIMILIANA LANDINI ALEOTTI (73) OF MENARINI, THE RICHEST WOMAN PHARMACEUTICAL BILLIONAIRE

ALL PHARMA BILLIONAIRES ARE ACTIVE IN THEIR BUSINESS

74 SELFMADE AND 35 INHERITED THEIR WEALTH

WITH 37 INDIVIDUALS, CHINA DOMINATES THE LIST FOLLOWED BY INDIA (20) AND SWITZERLAND (16)

70% OF PHARMA BILLIONAIRES DERIVE THEIR WEALTH FROM LISTED ENTITIES

18 BILLIONAIRES FROM THE PHARMA SECTOR DEBUTED HURUN GLOBAL RICH LIST 2017. BOENJAMIN SETIAWAN & FAMILY (83) OF MOTRA KELUARGA FROM INDONESIA IS THE RICHEST NEW ENTRANT

11 IMMIGRANTS. 5 TO SWITZERLAND, 4 TO USA

LEADING AUTHORITY ON ASIA’S WEALTH RELEASES HURUN GLOBAL PHARMACEUTICAL RICH LIST 2017

(12 September 2017, Shanghai, China) Hurun Report today released the Hurun Pharmaceutical Global Rich List - a ranking of the billionaires in the pharmaceutical sector found in the world. This is the first year of the ranking and is a sublist of the Hurun Global Rich List, released on 7 March.

The Hurun Pharmaceutical Global Rich List 2017 ranked 109 Pharmaceutical billionaires

·         Dilip Shangvi of Sun Pharma is the richest pharmaceutical billionaire, followed by Stefano Pessina of Walgreen and Cyrus Poonawalla of Serum

·         Among self-made billionaires, Dilip Shangvi tops the list followed by Cyrus Poonawalla.

·         Basel with 10 billionaires is the preferred city followed by Mumbai and Beijing with 8 and 6 billionaires respectively.

·         The Average age of the Pharma billionaires is 63 years

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said, “Surprisingly, China has the most healthcare billionaires in the world. Surprising, because there are almost no Chinese companies amongst the world’s biggest pharma.”

Table 1: Top 10 Hurun Pharmaceutical Billionaires Global Rich List 2017

Source: Hurun Research Institute 2017

Dilip Shanghvi, 60, the pharma billionaire in India, tops the list. The founder and MD of Sun Pharmaceuticals started his pharma company with just five products and five people. Sun pharma is the largest chronic prescription company in India and offers formulations in diverse therapeutic areas, such as psychiatry, neurology, gastroenterology, cardiology and diabetology.

Stefano Pessina, 75, is the Executive Vice Chairman and Chief Executive Officer of Walgreens. He comes second in pharmaceutical billionaire in the list.  Pessina joined his family’s business of pharmaceuticals in the year 1977. He bought other small pharmaceutical businesses and also modified the business structure and strategy.  He has been the driving force behind the merger of Walgreens and Alliance Boots, creating the first global pharmacy-led, health and wellbeing enterprise. 

Cyrus Poonawalla, 75, is the chairperson of the Poonawalla Group, which includes Serum Institute of India is one of India's top Biotech Company and one of the world’s largest vaccine producing company. The third top billionaire of the Pharmaceutical sector is a qualified doctor with a degree in anti-toxins before he parlayed his expertise into expanding the now hugely successful 350-acre stud farm started by his late father on the outskirts of Pune in 1946. Serum introduced the DTP vaccine, which protects children from diphtheria, tetanus and pertussis, followed by an anti-snake-venom serum for snakebites in 1981. He was the sole representative of India at the International Federation of Horseracing Authorities (IFHA).

Massimiliana Landini Aleotti & family, 73, is the wealthiest woman billionaire in Italy. Landini is the wife of the late Alberto Aleotti who passed away in 2014 at the age of 91. Following the death of her husband, Landini and her three children (Benedetta, Lucia, and Alberto Giovanni) were passed on the ownership of the pharmaceutical powerhouse Menarini which is considered one of Italy’s major drug firms with a total of 14 manufacturing plants and 16,000 workers worldwide.

Patrick Soon-Shiong, 64, is a surgeon, professor, researcher, entrepreneur, businessman, and philanthropist. Dr. Soon-Shiong performed the world’s first encapsulated human islet transplant, the first engineered islet cell transplant and the first pig to man islet cell transplant in diabetic patients. He invented and developed Abraxane, the nation’s first FDA-approved protein nanoparticle albumin-bound delivery technology for the treatment of cancer.

Ernesto Bertarelli & family, 51. The billionaire gained fame from his discovery of a natural hormone used in the treatment of female infertility. Shifting of the company's focus from pharmaceuticals to biotechnology, has helped in increasing the revenues from $809 million in 1996 to $2.8 billion in 2006.

Barry Sherman,74, the Chief Executive Officer and Chairman of Apotex Pharma, is one of the richest billionaire in Canada. Apotex pharma is Canada's largest pharmaceutical company, which sells more than 300 generic drugs in 120 countries.

Ludwig Merckle, 52, is the only heir to his father’s company the Merckle Group.  Ludwig Merckle started working on the company soon after he complteted his graduation.

Sun Piaoyang & Zhong Huijuan, 59 is the head of Jiangsu Hengrui Medicine, as well as an academician.  He owns a stake of 22% in Jiangsu Medicine whose drugs for cancer and tumor treatment has ranked one in terms of sales in China in the last seven years

Zhao Tao, 51, is the chairman of Shandong Buchang Pharmaceuticals, which makes traditional Chinese medicine to fight cardiovascular disease.

Where they live.

By country, China tops the list with 37 billionaires, followed by India with 20 billionaires and Switzerland with 16 billionaires. 9 new billionaires from China entered into the list. Sun Piaoyang & Zhong Huijuan is the richest billionaire from pharma sector in China.

Table 2: Pharmaceutical Billionaires by Country

Source: Hurun Research Institute 2017

Where they live

By city, Basel leads with 10 billionaires, followed by Mumbai with 8 billionaires and Beijing with 6 billionaires. Among the 10 billionaires in Basel, 50% are women. The average wealth contributed by the pharmaceutical billionaires from Basel is US$2.4bn. Roche family is the richest billionaire from pharma sector in Basel.

Table 3: Pharmaceutical Billionaires by City

Source: Hurun Research Institute 2017 * Wealth split amongst 9 family member

Top 10 Pharmaceuticals Self Made Billionaire

68% of 109 billionaires from pharmaceutical sector are self-made billionaires. Dilip Shangvi of Sun Pharma tops the list with US$14Bn, followed by Serum owner Cyrus Poonawala and Patrick Soon-Shiong with wealth US$11bn and US$9.4bn respectively.

Table 5: Top 10 Pharmaceutical Self Made Billionaires

Source: Hurun Research Institute 2017

Table 6: Self-Made Score Card and Percentage of Pharmaceutical billionaires and top countries

Source: Hurun Research Institute 2017

Interesting Facts

·         Dilip Shangvi has acquired over sixteen companies under him which includes Ranbaxy, Carco Pharma, and Taro Pharma. He worked as a drug distributor before deciding to make and sell his own drugs.

·         Dr Cyrus Poonawalla joined his family business of horse racing and breeding after completing his graduation in 1966 from University of Pune. The “Poonawalla Stud Farms” which was initially started by his late father and is now managed by him and his younger brother Zavaray. Dr. Poonawalla also has a passion for collecting fleet of luxury & sports cars – 58 to be precise, helicopters, jets & custom-built limousines and owns some of the best in the world. Some of his collections include Ferrari F-430, Rolls Royce, Cessna 560XL Citation Excel jet, Bell 407 helicopter and his recent purchase was a new Falcon 900EX business jet.

Table 7: Hurun Global Pharmaceuticals Rich List 2017

About Hurun Report Inc.

Nobody Knows China’s Rich Better!

Established as a research unit in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading research house, media and lifestyle investments business based in Shanghai, China, best-known for its rankings of the richest people in China, India and the rest of the world.

Hurun Report Inc. has four divisions: Hurun Research Institute; Hurun Media; Hurun Conferences and Training, an active events division targeting entrepreneurs and high net worth individuals; and Hurun Lifestyle and Investments, with investments in education, interior design, horses, bespoke tailoring, media and retail.

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