Rank #1675
Yusuf Hamied
Net worth $2.5B
Pharmaceuticals · India
- Born
- Jul 26, 1936
- Age
- 89
- Source
- Pharmaceuticals
- Residence
- Mumbai
- Citizenship
- India
- Marital status
- Married
- Children
- 0
- Education
- Doctorate, University of Cambridge
Net worth over time
Biography
- 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.
Financial assets
| Exchange | Ticker | Shares | Price |
|---|