Subbamma Jasti
$1.1B
Born
Jul 01, 1933
Age
92
Source of Wealth
Pharmaceuticals
Residence
Hyderabad,
Citizenship
India
Marital Status
Widowed
Children
0
Education
- Subbamma Jasti inherited the assets of her husband Subba Rao Jasti, who died in 2023.
- The biggest chunk of her inheritance is derived from the sale of a substantial stake in listed Suven Pharmaceuticals in 2022 to global private equity firm Advent International.
- Jasti's son Venkateswarlu Jasti cofounded Suven Pharmaceuticals in 1989.
- The Hyderabad company was demerged in 2020 when Suven Life Sciences, which focuses on neuroscience therapies, was spun off and listed separately.
- Her son Venkateswarlu Jasti ran a chain six of community pharmacies in the states of New York and New Jersey in the U.S. in the 1970s and 1980s.
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