As per the Hurun Global Healthcare Rich List of 2022, who is the world’s richest billionaire in the healthcare sector in 2022?

As per the Hurun Global Healthcare Rich List of 2022, who is the world’s richest billionaire in the healthcare sector in 2022? Correct Answer <span style="white-space: pre-wrap; ">Cyrus Poonawalla</span>

The correct answer is ‘Cyrus Poonawalla’

 

Key Points

 

  • According to Hurun Global Healthcare Rich List of 2022, Cyrus Poonawalla is the world’s richest billionaire in the healthcare sector in 2022.
  • He is the founder of the Indian Covid vaccine Covishield’s maker Serum Institute of India (SII). 
  • He is overall the fourth richest Indian, with a massive net worth of $26 billion, growing by 41% from last year.
  • This spike in the wealth of this billionaire is primarily attributed to the wide usage of the Covid-19 vaccines produced by the SII.
  • In 2020, he had a net worth of $8.2 billion, which has risen by $17.8 billion over the last two covid hit years.
  • Cyrus Poonawalla is followed by Thomas Frist Jr & Family of HCA Healthcare, Li Xiting and Xu Hang of Mindray at the 2nd position with a net value of USD 19 billion. Dilip Shanghvi & Family, of the Sun Pharmaceuticals, is at the 5th position with a net worth of USD 18 billion.
  • China (34) has the most healthcare industry billionaires, followed by the United States of America (16), Switzerland (15), Germany (11), and India (9).

Related Questions

Two statements are followed by three Conclusions I, II and III. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the given conclusions can definitely be drawn from the given statements and indicate your answer accordingly. Statements: I. One of the biggest acquisitions in the Indian patient-care industry, the Rs. 4,500-crore Fortis-IHH deal could intensify competitive intensity in the space, with declines Friday in the shares of Apollo Hospitals, Healthcare Global, Max India and Narayana Hrudayalaya pointing to potential challenges for the incumbents.  II. After the completion of the deal, the IHH-Fortis group of hospitals will be among the biggest in the country, competing directly with some of the large listed hospital chains. The BSE Healthcare index also fell Friday, with hospital stocks at the vanguard of the downward journey.  Conclusions: I. Hospitals will be challenged as they will have to face someone like IHH, which has deep pockets and will be going into markets where they are present. II. Shares of Apollo, currently the largest hospital chain in India, fell more than 2%, closing at Rs. 975, followed by Max India that lost by 2.40%. III. Both are direct competitors of Fortis, Narayana and Healthcare Global also fell after the buyout announcement.