Businesspersons
Dilip Shanghvi Net Worth
Dilip Shanghvi was born on 1 October 1955, in Amreli India, of Gujarati ethnicity, and continually vyes for the title of the richest person in India (with Mukesh Ambani and Azim Premji). Forbes magazine ranks Dilip as 44th richest person in the world in 2015. Dilip is well known as being the founder of Sun Pharmaceutical Industries, India’s largest drug company.
So just how rich is Dilip Shanghvi? Forbes estimates that Dilip’s current net worth is over $24 billion, virtually all of his wealth having been generated with the growth of Sun Pharmaceuticals.
Dilip Shanghvi Net Worth $24 Billion
Dilip Shanghvi attended J. J. Ajmera High School and Bhawanipur Education Society College, and graduated with a Bachelor of Commerce degree from the University of Calcutta. Dilip began his career working in his father’s wholesale generic drugs business, distributing drugs around Kolkata, during which time he had the idea of manufacturing drugs himself.
Dilip Shanghvi founded Sun Pharmaceutical Industries in 1983 with capital of less than $200, and marketing five psychiatry products. This was the real start of Dilip building his net worth. Dilip expanded the company slowly but surely in India and neighbouring Asian countries, concentrating on chronic drugs (usually prescribed by cardiologists, psychiatrists, neurologists, diabetologists, etc), although just 10% of the market in India in the 80s.
Eventually Dilip expanded, when in 1997 he bought a failing US company, Caraco Pharma, targeting the US as an expansion area for Sun with the aim of expanding Sun’s reach into the United States. He achieved this rapidly, to the extent where today the US accounts for 60% of Sun’s revenue; despite Sun’s importance in India, 75% of its income is from outside the country.
Shanghvi then bought ICN Hungary in 2005, and Israel’s Taro Pharma in 2007 – now managed by Dilip’s son Aalok – which also has a substantial presence in the USA, again with subsequent success, such that Sun Pharma is now the fifth largest company in the global generic drugs market. Of course, this means that Sun is India’s largest drugmaker and most valuable drug company, which position has also seen Dilip’s net worth rise considerably in recent years. The company’s global operations now incorporate around 25 manufacturing facilities with 14,000 employees, and distributing 800 products.
Some problems arose, however: the US Food & Drug Administration issued an import alert for Sun’s factory in Gujarat and an unfavourable report for another factory. Sun recalled six drugs from the US over quality issues.
Dilip Shanghvi stepped down as chairman of Sun in 2012, but is still managing director, and also the Chairman and Managing Director of Sun Pharma Advanced Research Company and Shantilal Shanghvi Foundation. Dilip has been named in the list of Asia’s top ten wealthiest self-made billionaires, according to Wealth-X.
In his first major move outside pharmaceuticals, Shanghvi acquired 23% of wind power firm Suzlon for $300 million, and is expecting to turn around the company’s fortunes.
Privately, Dilip Shanghvi is rather shy and retiring, avoiding publicity not associated with business. Dilip’s wife Vibha is virtually unknown, although often travelling with him, but son Aalok and daughter Vidhi both work at Sun Pharma.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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