Name
Andreas Struengmann
Andreas Struengmann
Tegernsee, Germany
Medical Doctor, University at Buffalo
Germany
pharmaceuticals, Self Made
$4,300,000,000
436
#436 Billionaires 2019
In 2005, Andreas Struengmann and twin brother Thomas sold their generic drugmaker Hexal (plus a stake in Eon Labs) to Novartis for some $7 billion. They cofounded Hexal in 1986. The company launched successful versions of the cholesterol-lowering drug simvastatin.The brothers invest in biotech, pharma, life sciences and healthcare companies through their Zug, Switzerland-based investment firm, Santo Holding.Their venture portfolio includes Germany's BioNTech and Uruguay's Mega Pharma, initially a joint venture with Argentine billionaire Alberto Roemmers.In 2008, they established a neuroscience research center in Frankfurt named after their father, Ernst Struengmann.
After studying medicine in Freiburg, Germany, Andreas worked as a doctor in South Africa. He is known to love sailing, golf and skiing.
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