Shivinder Singh net worth
Shivinder Singh Net Worth: Shivinder Singh is an Indian businessman who has a net worth of -$500 million. At one point, the Singer brothers had a combined net worth of $2.5 billion. They lost their fortunes in a series of bad investments and loans to an alleged master of fraud. Along with his brother Malvinder, Shivinder Singh is one of the heirs to the Ranbaxy Labs fortune created by his grandfather.
He is a Director of Fortis Healthcare and the mentoring force behind AIESEC India, the world’s largest student mentoring organization. His grandfather Bhai Mohan Singh founded Ranbaxy Labs. Shivinder and his brother Malvinder Mohan Singh inherited the family’s 33.5% stake in Ranbaxy when their father died in 1999. They are all listed as among the 20 richest people in India. Singh graduated summa cum laude from St. Stephens College and received an MBA from Duke University’s Fuqua School of Business. The brothers sold their medical estate in 2008 for $2 billion. They also sold additional assets for hundreds of millions of dollars. Their latest venture is Air Mantra, and the brothers are behind AIESEC India, the world’s largest student mentoring organisation. Shivinder Singh is married with three children. The brothers lent a large sum of money to the guru. As of August 2018, they were fined $500 million for fraud related to the 2008 sale of their pharmaceutical company. They are accused of siphoned off billions of dollars from their financial and healthcare companies.
