#24 Malvinder & Shivinder Singh
11.16.06, 6:00 PM ET
Courtesy of Ranbaxy
$1.8 billion Age 34/31
Marital Status Married, 2 children/Married, 4 children
Industry Pharma
Brothers are largest shareholders in Ranbaxy Laboratories, India's largest pharmaceutical firm in terms of sales. With Malvinder now chief executive, company on acquisition binge. Paid $324 million in March for Terapia, a Romanian generics outfit. Shivinder heads Fortis Healthcare, a chain of hospitals, which he is readying to take public.
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| Methodology: Unlike Forbes' Billionaires list, this ranking has been broadened to include family fortunes. For instance, Tulsi Tanti's $5.9 billion fortune represents his family's entire 70% stake in Suzlon Energy, not just his personal 30% stake. For people with fortunes in publicly traded companies, net worths were calculated using Nov. 6 market prices and exchange rates. Privately held companies are valued by coupling estimates of revenues or profits (or, in some cases, company-provided numbers) to prevailing ratios for similar publicly traded companies. |
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