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Cyrus Poonawalla, India’s vaccine king, multiplied his wealth nearly 5 times in a decade

Cyrus Poonawalla, India’s vaccine king, multiplied his wealth nearly 5 times in a decade
  • The 74-year old is the 12th richest person in India with a networth of $9.5 billion.
  • According to Forbes, he multiplied his net worth nearly five times in a decade. But his company Serum Institute of India (SII) is known for its affordable vaccines.
  • The affordable vaccine strategy has struck the right cord of the company as its annual revenues are at ₹59 billion ($840 million).
The story of Cyrus Poonawalla and how he became a billionaire cuts through luxury cars, horses and vaccines.

The 74-year old is the 12th richest person in India with a networth of $9.5 billion. According to Forbes, he multiplied his net worth nearly five times in a decade. But his company Serum Institute of India (SII) is known for its affordable vaccines.

He founded the Serum Institute of India in 1966, with a capital of $12,000. His idea was to develop vaccines by extracting serum from horses. SII became the world’s largest vaccine maker by of doses produced and sells 1.5 billion doses globally.


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