Indian-origin entrepreneur Vijay Patel, who arrived in Britain from Kenya 40 years ago with just £5 in his pocket and went on to find riches in the pharmaceuticals industry, has been honoured by his old university.

Dr. Patel, 60, is today one of the richest men in Britain and ranks 141st in the Sunday TimesRich List. He was awarded an honorary degree in business administration by the De Montfort University, Leicester.

Now a pharmaceuticals tycoon, Dr. Patel studied pharmacy at the university and graduated in 1973. He heads the globally successful company, Waymade Healthcare.

Dr. Patel and his older brother Bhiku head the company.

They started with a single chemist's shop in Essex, and now own a company that markets and distributes drugs to 110 countries.

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