Yusuf Hamied
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Age80
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Earnings$ 2.6 Billion
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Source of earningsPharmaceuticals
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Marital StatusMarried
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ChildrenNA
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ResidenceMumbai/London
#44 India Rich List 2016
#28 India Rich List Rank 2015
#28 India Rich List Rank 2014
#28 India Rich List Rank 2013
Wealth of nonexecutive chairman of $2 billion (revenue) generics maker Cipla took a hit as a cut in drug prices by the government impacted domestic revenue, causing shares to fall. The company appointed a new CEO and named Hamied's niece Samina Vaziralli as executive vice chairman in September. Cipla is expanding overseas, notably in South Africa, where a new $90 million plant to make biosimilar drugs will be built in Durban. Cipla is also one of a group of companies that successfully bid for drugs divested by Israel's Teva Pharmaceutical.
India Rich List 2016
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