Australian merger makes former intern a billionaire

Bigger presence: A Chemist Warehouse outlet in Sydney. The merger of the company with Sigma Healthcare has created one of Australia’s largest pharmacy chains and wholesalers. — Bloomberg

MELBOURNE: A corporate tie-up in Australia will produce a parade of fortunes in an industry hardly known for extravagance.

More than 100 shareholders will officially be millionaires. At least 10 will be worth over US$100mil. And atop the group are three billionaires, including one former intern.