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#493

Hasmukh Chudgar & family

Source of wealth: Pharmaceuticals

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Hasmukh Chudgar & family's fortune with the healthcare spending of a massive country

Hasmukh Chudgar & family could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 3.4 years.

But even if we compare their fortune with that of a rich country

On the other end, Hasmukh Chudgar & family could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 1.5 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Hasmukh Chudgar & family could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 2.2 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Hasmukh Chudgar & family could pay for it entirely for 3.0 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Hasmukh Chudgar & family could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 12.8 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Hasmukh Chudgar & family with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.3 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Gold bar

Hasmukh Chudgar & family's fortune is equivalent to 52 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Hasmukh Chudgar & family could buy 13,913,701 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 2 trucks to transport them. Although Hasmukh Chudgar & family will almost certainly have enough money left over to pay for the gas.

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Biography

Low profile Hasmukh Chudgar founded generics maker Intas Pharmaceuticals in 1977.

Chudgar has long handed over operations to his sons Nimish and Binish, who run the $3.5 billion (revenue) company.

In August 2025, Intas Pharma acquired biosimilar company Udenyca from California-based Coherus Life Sciences for $558 million.

The company's portfolio includes an affordable drug to treat breast cancer called Eleftha, which is similar to Roche's Herceptin.

In 2022, the Abu Dhabi Investment Authority bought a 3% stake in Intas from Temasek.

Financial Assets

Financial assets information not available.

Monthly wealth history

Fortune comparison

Historical data not available for comparison

Modules

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