⬅ # 275 Igor Bukhman|# 277 Dmitry Rybolovlev

# 276 Pankaj Patel 

$9.17B

Real Time Net Worth
as of 4/12/2024
-$303.4M (-3.31%)

# 276 Pankaj Patel 

$9.17B

Real Time Net Worth
as of 4/12/2024
-$303.4M (-3.31%)
OccupationChair, Zydus Lifesciences
Source of WealthPharmaceuticals
Age71
ResidenceAhmedabad, India
Marital StatusMarried
Children2
EducationBS, Gujarat University; MS, Gujarat University
Age-Adjusted Net Worth$4.36B
Pankaj Patel
Pankaj Patel
India
Net worth: $9.17B

Self-Made Score 

Wealth History

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Biography

Early and Personal Life

Pankaj Ramanbhai Patel was born on March 16, 1953, in India.
Since the age of 8, Patel would accompany his father to the factory, observing employees working on tablet machines.
He is a Gujarati and was actively involved in the Rashtriya Vidhyarthi Parishad and the Navmiraman Movement during his youth.
Patel has a Bachelor of Pharmacy and Master of Pharmacy degrees from L.M. College of Pharmacy, Gujarat University.
Additionally, he holds a Bachelor of Arts in Science and Law from the University of Mumbai.
He is married to Priti Patel, daughter of Dr. B D Patel, and they have two children: Sharvil Patel and Shivani Patel.

Professional Journey

After graduating in 1976, Patel joined Cadila Healthcare, a firm founded by his father in 1952.
In 1995, following a formal separation between founding families, he assumed leadership, facing financial challenges but driving growth.
Under his leadership, Cadila Healthcare developed the world's first drug for diabetic dyslipidemia and expanded into diverse segments like animal healthcare and sugar substitutes.
Patel played a pivotal role in securing approval for the first Indian H1N1 vaccine, VaxiFlu-s.
By 2013, Cadila Healthcare grew to be the fifth-largest drugmaker in India, with operations in over 70 countries.
During the COVID-19 pandemic, Patel spearheaded efforts to ramp up production of essential drugs like hydroxychloroquine and Remdesivir, while also working on the development of a COVID vaccine named Zycov-D.

Leadership and Philanthropy

Patel held various leadership positions, including President of FICCI in 2016-2017 and Chairman of the Board of Governors of prestigious educational institutions like IIM Ahmedabad.
He serves as the Chairman of Zydus Hospitals and is actively involved in numerous charitable organizations, focusing on healthcare and education.
Recognized for his contributions, Patel received numerous awards, including the Ernst & Young Entrepreneur of the Year Award in the Life Sciences category.
He is a member of several prestigious societies and boards, including the Reserve Bank of India and various healthcare-related advisory bodies.
Patel's philanthropic endeavors extend beyond monetary donations, emphasizing the importance of contributing time, ideas, and volunteering.

Awards and Recognition

Patel was named the 'Best Pharma Man of the year 2003' by the Foundation of Indian Industry and Economists.
He has published over 100 research papers and holds more than 64 patents.
His contributions to the healthcare industry led to awards like the Acharya PC Ray Memorial Gold Medal Award and the Eminent Pharmacist Award.
He was ranked in the First Pharma 40 list of the 'world's most influential people in the field of healthcare' by World Pharmaceutical Frontiers.
In recognition of his entrepreneurial vision, Patel received the Ernst & Young Entrepreneur of the Year Award.

Personal Interests

Outside of his professional endeavors, Patel enjoys traveling, particularly to destinations near rivers or mountains.
He has an interest in theatre.
In August 2012, Patel, along with Dinesh Patel, purchased a Challenger-604 jet.
Known for his philanthropy, Patel believes in giving beyond monetary donations, preferring to contribute time, ideas, and volunteering.

How long would it take you to become as rich as Pankaj Patel?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Pankaj Patel's net worth of $9.17B.

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 36.27% compared to 8.51% for the S&P 500 benchmark.

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

Pankaj Patel 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 Pankaj Patel, 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