As of 2023, Adar Poonawalla’s and Cyrus Poonawalla’s Net Worth is $16.3 billion US dollars which in Indian currency counts to be more than Rs 1,34,000+ Crores. Interestingly, if the Companies and Properties of Adar Poonawalla are collaboratively calculated together, then his net worth will turn out to be between $16-$18 billion US dollars.
Who is Adar Poonawalla?
Adar Poonawalla aged 42 years, was born on 14th January 1981. He is the Chief Executive Officer (CEO) at the Serum Institute of India. His parents include his father Cyrus Poonawalla and his mother Late Villoo Poonawalla who passed away in the year 2010.
The Serum Institute of India was founded by his father Cyrus Poonawalla in 1966. It produces the largest number of vaccine doses (in terms of volume) and stands as one of the world’s largest manufacturers in this business, where they produce 1.5 billion+ doses annually.
Talking further about Adar, he belongs to an educated Parsi family from Pune city, Maharashtra, India. He holds an Indian nationality and is a Parsi by religion.
Very recently, Adar Poonawalla caught all the limelight for quite some considerable time with regards to the novel virus COVID-19 (Corona) vaccine being made by the Serum Institute of India.
Adar Poonawalla’s Net worth 2023
| Name | Adar Poonawalla |
| Father | Cyrus Poonawalla |
| Net Worth (in 2021) | $16.3 Billion USD |
| Net Worth In Indian Rupees | 1,34,000 Crore INR |
| Profession | CEO of Serum Institute of India/Business |
| Company’s Net Income | Rs 5,926 crore in 2020 (source) |
| Company’s Net Profit | Rs 2251 crore in 2020 |
| Last Updated | September, 2023 |
Disclaimer: Networth and Income numbers are estimated figures, they may vary or not up to date, as they have been researched and gathered from many different reliable sources.
Adar Poonawalla: Education
Education-wise, Adar Poonawalla studied at The Bishop’s School situated in Pune, St. Edmund’s School Canterbury and the University of Westminster.
Adar Poonawalla Quick Bio
| Full Name: | Adar Poonawalla |
| Famous For: | CEO of Serum Institute of India |
| Date of Birth: | January 14, 1981 |
| Age (in 2023) | 42 Years |
| Birth Place: | Pune, Maharashtra, India |
| School: |
|
| College: | University of Westminster, London, UK. |
| Education: | Bachelors in Management, from London, UK |
| Spouse: | Natasha Poonawalla (m. 2006) |
| Children: |
|
| Net Worth in 2023 | $16.3 Billion USD |
| Last Updated | September, 2023 |
Adar Poonawalla: Wife
Adar Poonawalla and Natasha Poonawalla crossed paths at a New Year party held in Goa, which was hosted by Vijay Mallya.
They exchanged glances and fell for each other over time. Thereafter, they tied the knot in the year 2006.
They are blessed with two sons, Cyrus Poonawalla who was born in 2009 and Darius Poonawalla was born in the year 2015.
Adar Poonawalla’s Family and Children
Adar Poonawalla’s family tree includes:
Grandparents: Soli A. Poonawalla and Gool Poonawalla
Parents: Cyrus S. Poonawalla and Late. Villoo Poonawalla.
Wife: Natasha Poonawalla who got married to Adar Poonawalla in the year 2006.
Children: (Two sons) Cyrus Poonawalla and Darius Poonawalla.
Adar Poonawalla Houses
Adar Poonawalla undoubtedly has a high life, where he lives with his family in a luxurious bungalow located in Pune, Maharashtra. And his home is regarded as the most lavish bungalow in the entire Pune city. His home encloses antiques embellishing the house which is no less than that of a museum.
Besides all of this, he also possesses a sprawling horse farmhouse, which is spread in an area of over 247 acres. The farmhouse view is indeed picturesque and was designed by none other than Sussanne Khan who added to its beauty and elegance. Mesmerized already? Well, the interesting part is yet to unfold! Yes! The farmhouse encapsulates a library within and also has a guest bedroom, bedroom, and swimming pool.
This property was earlier owned by the Mahindra family, which was later purchased by Poonawallas in 1946. Late Villoo Poonawalla is believed to have given a face-lift to this property in the year 2009.
Also, he and his father always had a strong inclination and passion towards arts that made him gravitate towards investing in some of the finest art collections, mostly from abroad. Where he bought art pieces from auction houses like Christie’s and Sotheby’s. In his Mumbai home, one can witness a minimum of 2-3 works by Claude Monet, Pablo Picasso, Auguste Renoir, Marc Chagall and Salvador Dali, etc. He owns a Rs 750 Crore home in Mumbai, Lincoln House.
Adar Poonawalla Cars Collection
Adar Poonawalla’s complete cars collection’s estimated worth is anywhere between Rs 10-20 Crores. While you must already be enthralled to know about his properties, there is something much more intriguing coming ahead. Now, coming to his car’s collection, he owns 35 of them. Yes! You heard it right. He has a keen interest in vintage luxury and sports cars.
- Ferrari 458, 598 HP with V8 – 5 Litre Engine
- Ferrari 360 Spider
- Porsche Cayenne
- Mercedes-Benz s600
- Bentley Continental
- BMW 7 Series
- Rolls Royals
- Rolls Royce Phantom (Bulletproof)
- Batmobile (Modified by Mercedes Benz x 350)
- Helicopter
- Private Jet
When it comes to his car’s fleet, he owns the most powerful Ferrari 458. Technical specifications wise, it has 598 horsepower with a V8 5 litre engine that spins in 3 seconds.
Along with this, he has a Ferrari 360 Spider and some Italian sports cars. Also, he had been riding on the Porsche Cayenne, Mercedes-Benz s600, Bentley Continental, and BMW 7 Series.
When it comes to the most royal and luxurious ones, Rolls Royal and Rolls Royce Phantom Drophead Cup Bulletproof are one of them.
The list doesn’t end here! Adar Poonawalla had caught attention at various instances on Mumbai streets while driving his Batman Car.
Wondering what is that? Well, the Batmobile car was modified by a Mercedes-Benz x 350, through the executive mode car train from Mumbai.
To add a cherry on the cake, he is a proud owner of a helicopter and a private jet that leads him to his office location.
| Related:
Adar Poonawalla: The Serum Institute India
Adar Poonawalla became a part of the Serum Institute of India in the year 2001.
This was soon after graduating from university. There, he went on to export its products across 35 countries. He focused on various verticals of the company viz. international market, new products license and procuring pre-qualification by the WHO (World Health Organization) in order to supply it to United Nations Agencies together with UNICEF and PAHO.
Progressing ahead in the company, in the year 2011, he was designated as the CEO of the company. Thereafter in the year 2012, he played a vital role in the Bilthoven Biologicals acquisition, which is a Netherlands-based government vaccine manufacturing company. Adar by then became a board member of the GAVI Alliance, which is the global vaccine alliance.
A few years later, in the year 2014, he took the initiative and launched Serum Institute’s oral polio vaccine. This vaccine picked up well and became a bestseller for the company. Not just this yet, in addition, it was mentioned by media reports that he has plans to expand the product portfolio to include vaccines for diseases like dengue, flu and cervical cancer in the same year. In the year 2015, he backed the company’s products exports to approximately 140 countries. Where 85% of its revenues were from the overseas market.
Serum Institute of India was started on 12th June 1966. It is now a 57-year-old company. Serum Institute has produced over 300 million COVID-19 doses to date. He recently tweeted.
How many businesses does Adar Poonawalla own?
Adar Poonawalla’s company comes under the Poonawalla Group.
Under this umbrella, The Serum Institute of India is also counted as one amongst the others.
Owing to this, Adar Poonawalla holds such a hefty Net Worth now.
Adar Poonawalla: Interesting Facts
- After the constant threats hovering over Poonawalla, he was granted the highest degree of security i.e. “Y” level security on April 29 by India’s central government. This means that he will always be accompanied by 2 personal security officers, and an armed guard will be vigilant at his residence.
- To ramp up vaccine production, the Indian government on his request granted him an advanced loan of INR 3,000 crore ($400 million).
- In the year 2016, he was awarded the Philanthropist of the Year, which was listed by the GQ Magazine.
- In the year 2017, the Humanitarian Endeavour Award In the Hall of Fame Awards 2017 and Indian of the Year in the CSR Business Category on CNN-News18 racked up his achievement wall.
- In the year 2018, Chief Minister Devendra Fadnavis who is an Indian politician awarded him with the ET Edge Maharashtra Achievers Awards of Business Leader of the Year. In the same year, he received the CNBC Asia’s award for Corporate Social Responsibility.
- In the year 2020, Adar got his name etched in the biggest achievement list of being included in Fortune magazine’s ’40 Under 40′ listing in the healthcare category.
- In the present year, he has been adjudged Entrepreneur of the Year by the Economic Times for his unparalleled contribution in fighting Covid-19. As he successfully supplied massive quantities of Covishield in India and across the globe. This vaccine was developed by Oxford-AstraZeneca and was produced in India by The Serum Institute.
- Lessons learnt from his dad, in his own words “Well, not so much in terms of investment but in terms of the way you manage people, look at opportunities, weigh risks. He grew the business from nothing in 1966. What I have learnt is the way to access opportunities without wasting time. I also learned to not look at short-term money or gains at the cost of integrity and ethical practices. That is something we have always maintained. We could have taken a lot of shortcuts, which we didn’t.”
Adar Poonawalla has a stronger conviction towards experience than education with regard to his investment journey. In his statement to Mint, he mentioned that
“It doesn’t matter which college you choose to graduate. I never went to an Ivy League school. I have learnt through experience, exposure, others mistakes and successes.”
Adar Poonawalla: FAQs
What’s the net worth of Adar Poonawalla in 2023?
| As of September 2023, Adar & Cyrus Poonawalla’s estimated net worth is about $16.3 Billion US dollars. |
Where was Adar Poonawalla born?
| Adar was born in Pune, Maharashtra, India and he did Business in Administration from London. |
How Old is Adar Poonawalla?
| Adar Poonawalla was born on January 14, 1981, and is currently 43 years old in 2023. |
How tall is Adar Poonawalla?
| Adar Poonawalla is 5 feet 5 inches (165 cm / 1.65 m) tall. |
Where does Adar Poonawalla live?
| Adar Poonawalla lives in Puna, Maharashtra, India, but it’s said that recently he has rented a mansion in Mayfair, London for a whopping $69,000 a week. |
What is the name of the Adar Poonawalla Vaccine?
| Adar Poonawalla’s vaccine name is ‘CoviSHIELD‘ which is manufactured by his company ‘the Serum Institute of India.’ |