Categories: Business

Cyrus Poonawala benefited greatly in Coronavirus epidemic, 25 percent increase in property

Photo: GOOGLE

Amid Covid-19, Cyrus Poonawalla's wealth grows fastest in India

new Delhi. Cyrus Poonawalla's wealth of the Serum Institute of India has risen fastest among Indian billionaires during the Kovid-19 epidemic. While he is at the fifth position in terms of the pace of growth of wealth globally. According to a report by Hurun Research, the reason for this is the strong business potential of his company to grow. According to the report, Poonawala is the 86th richest person in the world in the list of billionaires as of May 31, 2020. He has achieved this position by jumping 57 places.

Cyrus Poonawala's net worth has increased by 25 percent during the four months of the epidemic. The Serum Institute of India is the world's largest vaccine manufacturer. Poonawalla's business prospects related to vaccine manufacturing and distribution have mainly helped his unlisted company increase its net worth. Recently his company has also entered into an agreement with AstraZeneca to manufacture one billion vaccines of Corona virus developed by Oxford University.

There are three Indians besides Poonawala in the list of top 100 billionaires. Mukesh Ambani of Reliance Industries is the richest Indian. However, his wealth fell one percent from the earlier level of Kovid-19. Despite this, he has risen one place in world ranking to become the eighth richest person in the world. Recently, Reliance Industries has been able to reduce net debt on the group by selling stake in its digital business unit Jio Platforms. This has strengthened the company's business prospects.

In the top 100, HCL's Shiv Nadar and Adani Group's Gautam Adani are from India. Amazon's Jeff Bezos remains the world's richest person on the list. Microsoft was followed by Billigates second, LVMH's Bernard Arnault third, Berkshire Hathaway's Warren Buffett fourth, Facebook's Mark Zuckerberg fifth, Microsoft's Steve Balmer sixth, Inditex's Amancio Ortega seventh, Google's Sergey Brin ninth and Google's Larry Page tenth. Are on

This post was published on June 24, 2020 10:31 am

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