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Grizzly Bulls’ Billionaires Index

⬅ # 1040 Susan Alfond|# 1042 Daniel Mate ➡

# 1041 Ajay Piramal 

$3.21B

Real Time Net Worth
as of 7/25/2024
$69.6M (2.17%)

# 1041 Ajay Piramal 

$3.21B

Real Time Net Worth
as of 7/25/2024
$69.6M (2.17%)
OccupationChair and CEO, Piramal Group
Source of WealthPharmaceuticals
Age68
ResidenceMumbai, India
Marital StatusMarried
Children2
EducationBS, University of Mumbai; MBA, University of Mumbai
Age-Adjusted Net Worth$1.87B
Ajay Piramal
Ajay Piramal
India
Net worth: $3.21B

Self-Made Score 

Wealth History

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Biography

Overview

Ajay Gopikisan Piramal is an Indian billionaire businessman and the chairman of the Piramal Group.
He built a pharma empire through acquisitions after starting in his family's textile business at age 22 in 1977.
Piramal is most known for his significant deals, including selling his domestic formulations business to Abbott Labs for $3.8 billion and Piramal Glass to Blackstone for $1 billion.

Early Life and Education

Ajay Piramal was born to Gopikisan and Lalita Piramal in Rajasthan, India, on August 3, 1955.
He began his career in his family's textile business in 1977, inheriting it after his father's death in 1979.
Piramal holds a bachelor's degree in Science from the University of Mumbai, a master's degree in management studies from the same university, and completed the Advanced Management Programme at Harvard Business School.
He has received honorary doctorates from Amity University and IIT Indore.

Business Acquisitions and Expansion

In 1988, Piramal purchased Nicholas Laboratories, an Australian multinational corporation, which later became one of the top pharma companies in India.
Piramal Enterprises Ltd. invested in Vodafone India, acquiring an 11% stake in two tranches before selling it in 2014.
After divesting from Vodafone, Piramal invested in Shriram Capital Ltd., acquiring a 20% stake, and served as its Chairman.
The Piramal Group acquired Gujarat Glass Limited, which was later renamed Piramal Glass, and made significant acquisitions in the pharmaceutical industry over the years.
The group diversified its interests into real estate, forming Piramal Realty, and established the Piramal Foundation as its philanthropic arm.

Notable Deals and Initiatives

In 2010, Piramal Healthcare sold its domestic formulations business to Abbott Labs for $3.8 billion, marking one of the most expensive pharma deals ever.
Piramal Imaging entered strategic partnerships and obtained EU approvals for its radiopharmaceuticals.
In December 2020, Piramal Glass was sold to The Blackstone Group for $1 billion.
The group expanded its consumer products portfolio by acquiring brands like Caladryl in India.
Piramal Enterprises made strategic investments and acquisitions in drug discovery, healthcare analytics, and real estate.

Family and Leadership Roles

Piramal's wife, Swati, serves as vice-chairman of the Piramal Group.
His daughter, Nandini, and son, Anand, hold board seats within the group.
Piramal announced plans to resign as chairman of Shriram Capital Ltd. in 2019 after serving for five years.

How long would it take you to become as rich as Ajay Piramal?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Ajay Piramal's net worth of $3.21B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 52.22% compared to 16.62% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Ajay Piramal is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Ajay Piramal, Pharmaceuticals is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey