Rank #2540
Leopoldo Espinosa Abdalá
Net worth $1.6B
Pharmaceutical · Mexico
- Born
- Jan 01, 1970
- Age
- 56
- Source
- Pharmaceutical
- Residence
- Citizenship
- Mexico
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Leopoldo Espinosa Abdalá and his brother Fernando gets the bulk of their wealth from the 2016 sale of their drug manufacturer Rimsa, which it sold to Tel Aviv-based Teva Pharmaceuticals for $2.3 billion.
- Leopoldo was the executive president of the privately-held Mexican company before the sale.
- Their father founded the business in 1970 as a pharmaceutical distributor before expanding into manufacturing.
- At the time of the sale Risma was known for a slew of patented products, most notably its fixed-dose drug combinations.
- Following the sale, Teva sued Leopoldo and Fernando claiming fraud and a breach of contract. The charges were mostly dismissed; the parties eventually settled for less than $200 million.