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Sunday, June 16 2024
Biz-Talk

91-Year-Old Emerges as India’s Wealthiest Woman

Forbes
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According to Forbes’ real-time list of billionaires, Subbamma Jasti is now the oldest woman billionaire in India. When Ms. Jasti’s net worth surpassed $1.1 billion last month, she made her debut on the Forbes list.
Let us examine Subbamma Jasti’s identity.

– Venkateswarulu Jasti, who co-founded Suven Pharmaceuticals in 1989, is the son of Subbamma Jasti, 91. Her home is in Hyderabad.

— In the 1970s and 1980s, her son managed a chain of six neighborhood pharmacies in the American states of New York and New Jersey.

– The biggest chunk of Ms Jasti’s inheritance is derived from the sale of a substantial stake in listed Suven Pharmaceuticals in 2022 to global private equity firm Advent International, as per Forbes.

– Subbamma Jasti has inherited the assets of her husband Subba Rao Jasti after his death in February last year.

– She has occupied 2653 rank on the Forbes billionaire list in the world.

Talking about Indian women billionaires, Savitri Jindal tops the list with a net worth of $34.9 billion, making her the richest woman in India. Ms Jindal is the chairperson of the Jindal Group, a conglomerate with interests in steel, power, cement, and infrastructure.

She is followed by Rekha Jhunjhunwala, wife of India’s Warren Buffett late Rakesh Jhunjhunwala. She has a net worth of $8.5 billion.

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