Renowned worldwide for his expertise in cardiovascular surgery, Dr. Naresh Trehan has recently made headlines as India’s latest billionaire. At 77 years old, the Founder, Chairman, and Managing Director of the Medanta chain of hospitals achieved this milestone as shares of Global Health, the operator of Medanta, experienced significant growth in 2023.
Dr. Trehan’s increased net worth not only places him among India’s wealthiest doctors but also acknowledges his substantial contributions to improving the country’s healthcare infrastructure. Let’s delve into the life of Dr. Naresh Trehan and explore the factors behind his remarkable net worth.
Dr. Naresh Trehan’s Journey to Billionaire Status
Born into a family of doctors, with his mother as a gynecologist and father as an ENT specialist, Dr. Naresh Trehan’s early life was steeped in medical influences. After enrolling at King George’s Medical College in Lucknow in 1963, he ventured to the USA in 1969, where he honed his skills as a resident at Thomas Jefferson University Hospital in Philadelphia. His return to India in 1988 marked the beginning of an illustrious career, where he played pivotal roles at Escorts Heart Institute and Research Center (EHIRC) and later at Apollo Hospital in New Delhi.
Medanta – The Medicity and Beyond
In 2007, Dr. Trehan founded Medanta – The Medicity, one of the largest multi-specialty hospitals in Gurgaon, Haryana. Over the years, he has performed over 48,000 open-heart surgeries at Medanta, solidifying his reputation as a leading cardiovascular and cardiothoracic surgeon.
Recognitions and Achievements
Dr. Naresh Trehan’s contributions have been acknowledged with prestigious awards, including a Padma Bhushan in 2001 and a Padma Shri in 1991. Serving as the personal surgeon to the President of India since 1991, he has consistently been recognized for his distinguished service in the field of Cardiology Medicine.
Net Worth Soars to $1 Billion
As the Managing Director of the Medanta chain, Dr. Naresh Trehan holds a significant 33.06% stake in Global Health, equivalent to around 88.73 million shares. Recent reports indicate that the stock of Global Health reached a record high of INR 972.55 (USD 11.67) per share on November 30, 2023, resulting in a staggering net worth of INR 8,402.30 crore (USD 1 billion approximately).
Future Plans and Expansion
Looking ahead, Dr. Trehan plans to invest approximately INR 1,100 crore (USD 131 million approx.) to expand capacities in Lucknow, Patna, and Noida over the next three years. Significant allocations for equipment and technology upgrades in Gurugram, along with plans for additional beds and specialized departments, underline Medanta’s commitment to healthcare excellence.
FAQs: Dr. Naresh Trehan’s Journey
1. Why is Naresh Trehan famous?
Dr. Naresh Trehan is renowned as a world-class cardiovascular and cardiothoracic surgeon who recently attained billionaire status at the age of 77.
2. Who is the CEO of Medanta?
Dr. Naresh Trehan serves as the Founder and CEO of Medanta.
3. What is the qualification of Dr. Naresh Trehan?
Dr. Naresh Trehan obtained his MBBS from King George Dental College, Lucknow, in 1968. He holds a Diploma in Cardiology from the American Board of Surgery, U.S.A., granted in 1977. Further, he received a Diplomate from the American Board of Cardiology – American Board of Cardiothoracic Surgery, USA, in 1979.
