Kiran Mazumdar-Shaw Net Worth $625 M As of October 2012 Founder, Chair, 3 Biocon Ltd. Age: 60 Source of Wealth: biotechnology, self-made Country of Citizenship: India Education: Bachelor of Arts / Science, Bangalore University; Master of Science, Melbourne University Marital Status: Married
India's first biotech entrepreneur Kiran Mazumdar-Shaw founded Biocon in 1978 when she was 25 by partnering with an Irish firm to make industrial enzymes. Her goal to make healthcare more accessible for all Indians has driven her to search for a cheaper model of drug development. "We simply cannot afford to develop drugs that cost 1-3 billion to develop, because these drugs will not actually reach people who really need (them) the most. We've got to change this model. "