Dilip Shanghvi Among Asia's Richest Self-Made Billionaires: Wealth-X

Sun Pharmaceuticals Industries' Dilip Shanghvi has been named in the list of Asia's top ten wealthiest self-made billionaires, topped by Hong Kong business tycoon Li Ka-Shing, according to Wealth-X.

Mr Shanghvi, ranked seventh, is the only Indian on the list with a net worth of $3.5 billion (Rs 20,100 crore), while Li Ka-Shing topped the chart with a fortune of $29.4 billion (Rs 176,400 crore), ultra high net worth (UHNW) intelligence and prospecting firm Wealth-X said.

Mr Shanghvi founded Sun Pharmaceuticals in 1983 with five psychiatry products and a marketing team of just two persons.

Over the years, the company grew manifold and made many acquisitions, the latest being the $4 billion Ranbaxy deal.

He is also the chairman and managing director of Sun Pharma Advanced Research Company and Shantilal Shanghvi Foundation.

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The overall list was dominated by the Chinese, as the combined wealth of the seven individuals from Hong Kong and mainland

China stood at $128.7 billion, nearly 70 per cent of the total wealth of the 10 men on the list.

"Asia is still at the early stages of a 150 year cycle of wealth creation, and we expect wealth in the region will be extremely dynamic in the years to come," Wealth-X CEO Mykolas Rambus said.

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He added: "China will continue to dominate the Asian economic landscape and the wealth of China's ultra-high net worth population will increase at a rapid clip."

Combined wealth of Asia's top ten self-made billionaires jumped 52 per cent to $169.9 billion as of March 31, 2014 from $112 billion last year.

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Others on the list include Lee Shau Kee of Hong Kong at the second position with net worth of $22.8 billion, followed by Lui Che Woo (Hong Kong, $21.1 billion) and Wang Jianlin (China, $16.6 billion) in the second and third place, respectively.

Masayoshi Son of Japan was ranked fifth on the list with a fortune of $16.4 billion, Robert Kuok of Hong Kong (6th, $15 billion), Ma Huateng of China (8th, $13.2 billion), Charoen Sirivadhanabhakdi of Thailand (9th, $11.3 billion) and Li Hejun of China (10th, $10.6 billion).