Net Worth: $5.6 Billion
- Source of Wealth Pharmaceuticals, Self-made
- Full Name Bernard C. Sherman
- Nationality Canadian
- Date of Birth 1942
- Ethnicity Jewish
- Occupation Businessman
- Education MIT, University of Toronto
About Bernard (Barry) Sherman
With an estimated net worth of $5.6 billion as of April 2016, Bernard Sherman, the Chief Executive Officer and Chairman of Apotex, is now one of the richest billionaires in the globe according to Forbes.
After taking his doctorate degree at MIT, Sherman took his mother’s savings to purchase his Uncle’s drug company which became the foundation of the popular Canadian generic drug company, Apotex. To date, Apotex hires a total of 6,000 experts in 21 facilities. The company actually produces around 300 pharmaceuticals which are exported to 115 countries worldwide. Apotex has always been actively involved in legal battles to produce generic versions of branded drugs. In October, the court announced that Apotex has to pay over $400 million to Sanofi-Aventis for producing and selling of the generic version of Plavix, the world’s second largest selling drug which is used for blood thinning.