Andreas Strüngmann

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Andreas Strüngmann (1950-) was born in Germany and founded generic drug maker Hexal AG ($1.6 billion sales during 2004) in 1986. They eventually built it into 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 isn't quite ready to retire so he accepted an executive position at Sandoz, a generics division of Novartis.

[edit] See also

• List of billionaires

[edit] External links

• Forbes World's Richest People
• Forbes Billionaires
• Andreas Strungmann biography