Rank #2540
Fernando Espinosa Abdalá
Net worth $1.6B
Pharmaceuticals · Mexico
- Born
- Jan 01, 1970
- Age
- 56
- Source
- Pharmaceuticals
- Residence
- Citizenship
- Mexico
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Fernando Espinosa Abdalá and his brother Leopoldo derive much of their fortune from the sale of their drug manufacturer Rimsa, which it sold to Tel Aviv-based Teva Pharmaceuticals for $2.3 billion.
- Fernando was the operational president of the company before the sale in 2016.
- Their father founded the business in 1970 as a pharmaceutical distributor before expanding into manufacturing.
- Following the sale, Teva sued Fernando and Leopoldo claiming fraud and a breach of contract.
- Most of the charges were dismissed; as for breach of contract, the parties eventually settled for less than $200 million.