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Subbamma Jasti, at 91, is the oldest female billionaire in India, as of late 2024. Her net worth is approximately $1.2 billion, primarily derived from her inheritance and the sale of a significant stake in Suven Pharmaceuticals in 2022. Residing in Hyderabad, India, she is the mother of Venkateswarlu Jasti, the co-founder of Suven Pharmaceuticals. Her wealth also includes assets inherited from her late husband, Subba Rao Jasti.
Subbamma Jasti hails from Hyderabad, India. Details about her early life are limited in the available sources, but her current status as a billionaire reflects a life of resilience and strategic decisions.
Subbamma Jasti's journey to billionaire status is linked to the success of Suven Pharmaceuticals, founded by her son, Venkateswarlu Jasti, in 1989. The sale of her stake in Suven Pharmaceuticals to Advent International in 2022 significantly contributed to her wealth. She also inherited assets from her late husband, Subba Rao Jasti, who passed away in 2023.
The primary business strategy contributing to her wealth was the strategic sale of her stake in Suven Pharmaceuticals. This move, along with the inheritance of assets, solidified her financial standing.
Information regarding Subbamma Jasti's specific philanthropic initiatives and amounts is not readily available in the search results.
Sold a significant stake in Suven Pharmaceuticals to Advent International.
Inherited assets after the passing of her husband, Subba Rao Jasti.
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