Fernando Espinosa Abdalá
$1.6B
Born
Jan 01, 1970
Age
55
Source of Wealth
Pharmaceuticals
Residence
,
Citizenship
Mexico
Marital Status
Children
0
Education
- 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.
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