Cyrus Poonawalla’s net worth puts him in 5th place amongst Indian billionaires. He owns Serum Institute of India, the world’s largest vaccine-manufacturing company.
Cyrus Poonawalla’s net worth is $20.7 billion in 2023. He gained most of his wealth from owning the Serum Institute of India. Ponawalla founded this company in 1966, which recently recorded a $5 billion year in 2022.
Poonawalla is the son of a horse breeder. So it’s no surprise he owns stud farms and other properties in Pune and Mumbai.
If you want to know Cyrus Poonawalla and how he gets his money, continue reading this article and stick to the end.
Cyrus is the son of Soli Poonawalla, who is recognized as the pioneer of thoroughbred breeding in India. He got the idea to start a vaccine manufacturing company from a veterinarian at the family’s stud farm.
Cyrus began the business with $12,000, which he obtained by taking a business loan from his father and selling horses.
After its inception in 1966, the Serum Institute of India started by making therapeutic anti-tetanus. The company has produced many vaccines, including anti-tetanus, anti-diphtheria, serum for snake bites, and the Measles Vaccine M-Vac.
The Serum Institute of India also acquired accreditation from the WHO to export vaccines from India to other parts of the world.
Cyrus got married to his wife, Villo, who died in 2010 at age 67. They had a son together named Adar. Adar is now the chief executive officer of the Serum Institute, which invested $800 million to build a COVID-19 vaccine factory.
Cyrus also has two grandchildren, and he is currently 81 years old.
Knowing how Cyrus made his money can inspire you to start your own business and follow in his footsteps. If you are wondering how net worth is calculated, here is how you can do it.
You can calculate your net worth by taking the sum of your assets, like investments, cash, and houses, minus your liabilities, like credit debt. Calculating net worth is relatively easy when you use our net worth calculator.
In the case of Cyrus, he has a lot of assets. According to Forbs, Cyrus Poonawalla’s Net Worth is $20.7 billion in 2023. While he amassed most of his wealth from the Serum Institute of India, his other companies include:
Cyrus Poonawalla’s net worth shows that he is the 68th wealthiest person in the world, with over $20 billion to his name. He has built a globally recognized company and a good reputation for himself. Cyrus’ hard work and dedication make his life worth emulating.
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Cyrus Poonawalla got rich from the Serum Institute of India, a vaccination production company he founded in 1966.
The current CEO of the Serum Institute of India is Adar, the only son of Cyrus Poonawalla. He took over the company in 2011 after graduating from university.
According to Forbs, Cyrus Poonawalla is the 4th richest man in India and the 68th in the world. Cyrus Poonawalla’s net worth is over $20.7 billion in 2023.