Subbamma Jasti

Net Worth

$1.135B

-0.06% (24h)

Subbamma Jasti, at 91, is India's oldest female billionaire. Her estimated net worth is $1.2 billion, primarily derived from the sale of a stake in Suven Pharmaceuticals in 2022. Her career is intertwined with the pharmaceutical industry, having inherited the assets of her husband, Subba Rao Jasti, and benefiting from her son Venkateswarlu Jasti's entrepreneurial ventures, including Suven Pharmaceuticals. Her achievements exemplify resilience and strategic decision-making, marking her as a notable figure in Indian wealth.

The Full Dossier

Early Life

Information about Subbamma Jasti's early life is limited in the search results. She hails from Hyderabad, India.

Rise to Success

Subbamma Jasti's journey to becoming a billionaire is closely tied to her family's involvement in the pharmaceutical industry. Her son, Venkateswarlu Jasti, co-founded Suven Pharmaceuticals in 1989. In 2022, a significant portion of her wealth came from selling a substantial stake in Suven Pharmaceuticals to Advent International. She inherited assets from her husband, Subba Rao Jasti, who passed away in February 2023.

Key Business Strategies

Subbamma Jasti's financial success is primarily due to strategic investments and the sale of her stake in Suven Pharmaceuticals. The company was demerged in 2020 into Suven Pharmaceuticals and Suven Life Sciences.

Philanthropy

Specific philanthropy amounts could not be found, but the search results do not provide details on her philanthropic initiatives.

Career Timeline

2024

Forbes Recognition

Recognized as India's oldest female billionaire by Forbes.

2023

Inheritance

Inherited assets from her husband, Subba Rao Jasti, further solidifying her financial standing.

2022

Sale of Suven Pharmaceuticals Stake

Sold a substantial stake in Suven Pharmaceuticals to Advent International, contributing significantly to her wealth.