02 September 2008

Malvinder & Shivinder Singh - Fobs - The World's Indian Billionaires

#462 Malvinder & Shivinder Singh

Age: 35/32

Fortune: inherited

Source: pharmaceuticals

Net Worth: $2.5 bil

Country Of Citizenship: India

Residence: Dehli , India.

Industry: Pharmaceuticals

Marital Status: married, 3 children

Education: St Stephen's College (India), Bachelor of Arts / Science
Duke University, Master of Business Administration
Brothers, both Duke University grads, control generic drug maker Ranbaxy Laboratories, founded by their grandfather. Malvinder is chief executive of Ranbaxy, which recently settled lawsuit with GlaxoSmithkline over marketing rights to generic version of herpes drug Valtrex. In February 2008 Ranbaxy's board approved spinoff of research arm into Ranbaxy Life Science Research. Shivinder runs Indian hospital chain Fortis Healthcare, which went public in 2007. Brothers also recently listed financial services arm, Religare Enterprises.

No comments: