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12 Hyderabad pharma barons & realty kings on global richie rich list

HYDERABAD: As many as 12 business barons from Hyderabad, including seven from the pharma sector led by Divi's Laboratories founder Murali Divi & family, have made it to the 2023 M3M Hurun Global Rich List of dollar billionaires.

The remaining five from Hyderabad's richie rich dozen are construction, realty and infrastructure players, including new entrant - Alla Ayodhya Rami Reddy of Ramky Group.




The Divi family retained its numero uno spot among the richie rich in the twin Telugu states with a global ranking of 583 and a wealth of $5.2 billion. This was despite their slipping 305 places as compared to the 2022 ranking and a 45% drop in wealth.

B Parthasaradhi Reddy & family of Hetero Drugs climbed 316 spots to reach 686th position globally with $4.5 billion thanks to a 25% addition in wealth, retaining his second spot locally, followed by Megha Engineering & Infrastructures Ltd promoters P Pitchi Reddy and PV Krishna Reddy , who saw the steepest ascent in rankings and wealth addition.

While Pitchi Reddy hit 841st rank globally (1,396 places up) with his wealth jumping 138% to $3.8 billion, his partner Krishna Reddy rose 1,514 places to reach 864th rank as his wealth rose 147% to $3.7 billion.

The two MEIL promoters were followed at fifth spot by MSN Labs' M Satyanarayana Reddy & family, who shored up their rankings by 694 places to reach 1,684th spot with a 33% rise in wealth to $2 billion.

At sixth spot locally, realty player GAR's G Amarender Reddy & family hit 1,887th rank (up 350 spots) thanks to an 18% hike in wealth to $1.8 billion.

Interestingly, Dr Reddy's Laboratories' K Satish Reddy & family and Aurobindo Pharma promoter PV Ramprasad Reddy & family shared the 2191st spot globally and 7th in the Telugu states with a wealth of $1.5 billion.

However, even as Dr Reddy's chairman climbed 46 places despite a 6% decline in wealth, Aurobindo's Reddy slipped 633 places with 38% drop in wealth. My Home Industries promoter Rameswar Rao Jupally & family slipped 286 spots to hit 2,321st place with a wealth of $1.4 billion (down 22%).

This even as Dr Reddy's Labs promoters GV Prasad and his wife Anuradha Prasad shared the ninth spot locally and 2,774th spot globally with Suven Pharma promoter Venkateswarlu Jasti & family with wealth of $1.1 billion each. Both Prasads of Dr Reddy's and Jasti saw their wealth shave off by 15% and 21%, respectively.

The newest entrant from Telugu states on the global rich list, Ramky Group's Alla Ayodhya Rami Reddy, reached a 2,923 rank globally with a wealth of $1 billion.

While Mumbai with 66 billionaires was the only Indian city among the top 10 globally with the sixth highest number of billionaires. In India, New Delhi came second with 39 billionaires, Bengaluru third with 21 followed by Hyderabad and Ahmedabad with 12 barons each at fourth spot.

According to findings, while the world lost five billionaires every week for the last year, India stood third after USA and China with 187 billionaires on the list, despite losing 28 billionaires during the year.

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