Yusuf Hamied
$2.8B
Born
Jul 26, 1936
Age
89
Source of Wealth
Pharmaceuticals
Residence
Mumbai,
Citizenship
India
Marital Status
Married
Children
0
Education
Doctorate, University of Cambridge
- Yusuf Hamied is the non-executive chairman of Mumbai-based generics maker Cipla.
- Cipla was founded in 1935 by his father Khwaja Abdul Hamied, a disciple of Mahatma Gandhi.
- After the patriarch passed away in 1972, Cambridge-educated Hamied and his brother Mustafa inherited the business.
- Hamied took on big pharmaceutical companies, offering low-cost generic drugs for diseases such as AIDS, earning the label of drug pirate.
- At the annual shareholders' meeting in 2023, Hamied called reports of a potential stake sale in Cipla by the family to a private equity firm as "speculative."
- His niece Samina Hamied was Cipla's executive vice-chairman until March 2024.
- Renowned music conductor Zubin Mehta is Hamied's childhood pal.
- Cambridge University has named a building after him, making him the first Indian to get that honor.
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