America's 26 self-made healthcare billionaires

Of the 34 American billionaires that earned their wealth in the healthcare space, 26 are classified as self-made, according to Forbes' live net worth calculator. 

Here are America's 26 self-made healthcare billionaires: 

Note: Net worths are current as of Sept. 4. 

54. Thomas Frist Jr., MD, $31.4 billion, founded Hospital Corp. of America in 1968. 

312. Robert Duggan, $8.6 billion, led the 2015 sale of biotech firm Pharmacyclics to AbbVie. 

435. Reinhold Schmieding, $6.9 billion, started orthopedic surgical tools company Arthrex in 1981 and still owns more than 90 percent of the company.

513. Patrick Soon-Shiong, MD, $6.2 billion, was a practicing physician before inventing the cancer medication Abraxane. 

748. Li Ge, $4.5 billion, co-founded WuXi AppTech, a provider of research and clinical trial services. 

842. Leonard Schleifer, $4 billion, co-founded and remains CEO of drugmaker Regeneron. 

1,172. Wayne Rothbaum, $2.9 billion, founded investment firm Quogue Capital in 2001 and became a successful biotech investor. 

1,210. August Troendle, $2.8 billion, is the president and CEO of clinical research company Medpace. 

1,340. George Yancopoulos, MD, PhD, $2.5 billion, is the chief scientific officer at biotech firm Regeneron. 

1,381. Alan Miller and family, $2.4 billion, founded Universal Health Services, a chain of hospitals and health providers, in 1979. 

1,388. Alice Schwartz, $2.4 billion, launched lab research facilitator Bio-Rad in 1952. 

1,582. Phillip Frost, $2.1 billion, runs diagnostic-maker Opko Health. 

1,675. Jeff Tangney, $2 billion, co-founded Doximity.

1,716. John Abele, $1.9 billion, cofounded medical device developer Boston Scientific in 1979. 

1,727. Keith Dunleavy and family, $1.9 billion, is the founder of cloud-based data analytics company Inovalon. 

1,781. James Leininger, MD, $1.9 billion, is the founder of medical device company Kinetic Concepts.

1,837. David Paul, $1.8 billion, is the founder and executive chair of spine manufacturer Globus Medical. 

1,853. Gary Michelson, MD, $1.8 billion, is a retired orthopedic and spine surgeon who holds over 340 U.S. patents.

2,120. Timothy Springer, PhD, $1.5 billion, was a founding investor in Moderna and works as a professor of biochemistry at Boston-based Harvard Medical School. 

2,172. Forrest Preston, $1.4 billion, founded Life Care Centers of America in 1970 to house and care for the elderly. 

2,227. Randal Kirk, $1.4 billion, is chair of private equity firm Third Security and the former CEO of biotech firm Precigen.

2,323. Noubar Afeyan, $1.3 billion, is the founder and CEO of life sciences innovation firm Flagship Pioneering.

2,439. Roy Vagelos, $1.2 billion,  is the founder and CEO of life sciences innovation firm Flagship Pioneering. He's also the chairman and cofounder of biotech firm Moderna.

2,472. John Oyler, $1.2 billion, is the CEO and cofounder of biotech outfit BeiGene.

2,589. Hao Hong, $1.1 billion, is the chair of pharmaceutical outsourcing company Asymchem Laboratories. 

2,651. Joe Kiani, $1.1 billion, runs medical technology firm Masimo Corp.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars