Andreas Strungmann Net Worth is$3 Billion
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Date of Birth: 1950
Nicknames: Andreas Strungmann
Andreas Strungmann Net Worth: Andreas Strungmann is a German pharmacist who has a net worth of $3 billion. Born in 1950, Andreas and his twin brother, Thomas, made their fortune as founders of Hexal AG, one of the leading generic producers in Germany. The medical doctor Andres left his medical practice in Africa; and again together with his brother, he founded generic drug producer Hexal AG in 1986. Two decades later, the brothers sold the company and their 68% share of Eon Labs of the U.S. to Novartis, which makes Sandoz the biggest generic drug company. Since then, through their Santo Holding, the twin duo has been investing in biotech sector focused on cancer research. Moreover, Andreas accepted an executive position at Sandoz at the age of 56.
Andreas Str? 1/4 ngmann (born 1950) was born in Germany and founded generic drug maker Hexal AG ($1.6 billion sales during 2004) in 1986. It became Germany's second-largest generic drug producer. In February 2005, he and his brother Thomas sold Hexal and their 67.7% of U.S. Eon Labs to Novartis for $7.5 billion, making Sandoz the largest generic-drug company in the world.
He currently has residences in Tegernsee, Germany, Europe and Russia and is married with two children. At age 56, he accepted an executive position at Sandoz, a generics division of Novartis.

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Andreas Strungmann Latest News

Forbes billionaire list numbers nearly 950

The ranking of the world's richest people as estimated by Forbes magazine. Listings include rank, name, home country or state, age where known, wealth in billions of dollars and source of the money. Forbes says the research that went into compiling the ...
Posted: March 7, 2007, 4:00 pm

Novartis to Acquire Hexal AG and Eon Labs, Creating the World Leader

The combined company will be well-positioned for dynamic growth," said Dr. Thomas Strungmann, a co-founder and co-CEO of Hexal AG along with his twin brother, Dr. Andreas Strungmann. Terms of the transactions with Hexal AG and Eon Labs Novartis will ...
Posted: February 20, 2005, 10:30 pm

Forbes List - Part One of Two

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Posted: March 9, 2005, 4:00 pm
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