Cyrus Poonawalla

Cyrus S. Poonawalla is a millionaire Indian businessman who is the chairman and managing director of the Cyrus Poonawalla Group, which includes the world's largest vaccine manufacturer, the Serum Institute of India. Cyrus Poonawalla founded the Serum Institute of India in 1966. Each year, serum produces over 1.5 billion doses of vaccinations, including those for measles, polio, and the flu.

Under the direction of his son, Adar Poonawalla, the company's CEO, the firm has invested $800 million in a new factory to manufacture Covid-19 vaccines. Covid-19 vaccine agreements have been signed, and Covishield, an AstraZeneca and Oxford University vaccine, has been introduced.

His son committed to purchasing a 60% stake in Magma Fincorp, a publicly listed finance business, for $475 million in February 2021 and renaming it Poonawalla Fincorp. Among the billionaire's other assets are stump farms and homes in Mumbai and Pune.

Net worth: $24.3 Billion

Source of wealth: Vaccines

City: Pune