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Asian Voice Global India Rich List - 2016
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Dilip Shanghvi
Pharmaceuticals - $ 16bn
India
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umber one at the time of publication last year, Dilip Shanghvi's wealth is down because of a drop in shares of his Sun Pharmaceutical Industries after his company was warned in the United States about manufacturing standards. Its profit margin was also affected by a $4 billion acquisition of rival Ranbaxy Industries. But Sun remains India's biggest pharmaceutical company and the 5th largest generic firm in the world. It recently introduced a generic version of Gleevec, a cancer drug made by Novartis, in the US. Shanghvi has also personally invested in green energy and has a 23% stake in wind power firm Suzlon. His son Aalok co-founded PV Powertech, which makes solar panels.
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David & Simon Reuben
UK/Switzerland
Property & Internet - $ 15.8bn
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he Reuben brothers are Mumbai-born Jews. Their family lived in India from the mid-19th century. Starting in metals, in the 1990s they reputedly controlled 5% of the world’s aluminium output. Their property portfolio includes prime buildings in London, airports and heliports. They are leading investors in the UK’s Metro Bank and also own Global Switch, a data hosting company. Reubros and Aldersgate Investments, controlled by them, are estimated to be worth $14.4 billion. Their net worth has of course taken a hit because of the lower value of the pound after the Brexit vote.
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