Source of Wealth:Healthcare
Full Name:Shivinder Mohan Singh
Occupation:Managing Director of Fortis Healthcare
Education:St. Stephen’s College (India) and Duke University
About Shivinder Mohan Singh
Shivinder Singh is the managing director of Fortis Healthcare and he has an estimated net worth of $1.83 billion as of April 2016 along with his brother Malvinder. According to Forbes, they are listed 22nd among the India’s Richest People and ranked 554th in the list of World Billionaires.
Born in India, Shivinder Mohan Singh has earned his estimated net worth as one of the heirs to the Ranbaxy Laboratory fortune from their grandfather, Bhai Mohan Singh, who founded the company that is now a unit of the Japanese drugmaker, Daiichi Sankyo. He and his brother inherited their family’s 33.5% stake in Ranbaxy after the death of their father in 1999. With their wealth, they belong to the twenty richest Indians.
Shivinder and Malvinder continue to build fortune after they sold their pharma inheritance for $2 billion in 2008. They also separated some assets of Fortis Healthcare, one of Asia’s largest hospital chains, into Religare Health Trust, a company listed in Singapore, where they earned $417 million. In September, the Singh brothers signed a deal to sell 49% stake in asset management arm of Religare Financial to Invesco for $87 million. They are currently working on their new venture, Air Mantra, a regional airline connection cities in North India. Also, they are the guiding force behind AIESEC India, the largest student directed organization in the world.
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