Adar Villoo Cyrus Poonawalla, commonly known as Adar Poonawalla, is an Indian businessman serving as the CEO of the Serum Institute of India and as chairman of Poonawalla Fincorp. He is the son of Cyrus Poonawalla, the founder of the Serum Institute of India. In 2021, Adar was acknowledged in Time magazine's list of the 100 most influential people.
Adar Poonawalla Net Worth
Adar Poonawalla currently has an estimated net worth of between $21 Billion to $25 Billion, which is growing significantly every year, since Adar was appointed chairman of Poonawalla Fincorp in May 2021, after acquiring a 66% stake in the financial services company. He acquired a 50% stake in Dharma Productions for ₹1,000 crore in 2024.
Still, Adar Poonawalla's primary source of earning come for Serum Institute of India, the world’s largest vaccine manufacturer by volume. Adar also diversify his investments in other businesses along with Serum Institute of India, including Pharmaceuticals, Finance, startups, and Other business ventures.
Car and Houses of Adar Poonawalla
Adar Poonawalla has his own family garage, which is fully loaded with ultra-luxury vehicles, including Rolls-Royce, Bentley, Ferrari, Mercedes-Benz, etc. In December 2023, Adar Poonawalla purchased the most expensive property in London worth Rs 1446 crore (£138 million), located in Mayfair, London, which is roughly 25,000 sq. ft.
Education & Business Acquisition of Adar Poonawalla
Poonawalla was educated at Adar Poonawalla attended The Bishop's School and St Edmund's School, Canterbury for his schooling education and then joined the University of Westminster, a public university based in London, United Kingdom, for his higher education.
Personal Life, Wife, and Kids of Adar Poonawalla
Adar Poonawalla is married to Natasha Aurora Poonawalla; they are childhood sweethearts who grew up together and become a real life partner. Now the couple have two children together.
Latest Acquisition of Adar Poonawalla
Recently, Adar Poonawalla acquired a majority stake in the IPL franchise Rajasthan Royals (IPL Team) in a deal valued at approximately $1.65 billion (~₹15,600 crore in Indian rupees) with the partnership of the Lakshmi Mittal family, where the Mittal family will own roughly 75% of the franchise, while Adar Poonawalla will hold about 18%.
Awards and Honours of Adar Poonawalla
- In 2016, listed by GQ Magazine and awarded Philanthropist of the Year
- In 2017, received the Humanitarian Endeavour Award in the Hall of Fame Awards 2017 and the CSR Business Category on CNN-News18
- In 2018, Chief Minister Devendra Fadnavis presented the ET Edge Maharashtra Achievers Awards of Business Leader of the Year to Poonawala.
- In 2020, Poonawalla was included in a Fortune magazine's '40 Under 40' listing in the healthcare category.
- In 2021, he was awarded Entrepreneur of the Year by the Economic Times.
- In 2021, he was included on the Time 100, Time's annual list of the 100 most influential people in the world.