The 5 richest physician billionaires

The combined net worth of the five richest physician billionaires is $45.1 billion, according to Forbes' net worth tracker. 

Here are the five richest physician billionaires (Note: Net worth is accurate as of Oct. 9): 

Thomas Frist Jr., MD

Net worth: $30.7 billion

Dr. Frist co-founded HCA Healthcare alongside his father in 1968 and currently holds more than 20% ownership in the company. Although he no longer serves in an executive capacity, both of his sons now sit on the board of directors. 

Patrick Soon-Shiong, MD

Net worth: $6 billion

Dr. Soon-Shiong developed pancreatic cancer drug Abraxane and later sold his companies -- Abraxis in 2010 and American Pharmaceutical in 2008, for a total of $9.1 billion. In 2015, he took his cancer drug company NantKwest public, followed by his biotech startup NantHealth in 2016.

Leonard Schleifer, MD, PhD 

Net worth: $3.5 billion 

Dr. Schleifer is the co-founder and CEO of Regeneron Pharmaceuticals, a biotechnology company he helped establish in 1988. He took the company public in 1991 and currently holds nearly 4% of its common stock. Regeneron, recognized for developing six FDA-approved drugs, is best known for Eylea, a treatment for macular degeneration.

4. August Troendle, MD

Net worth: $2.7 billion 

Dr. Troendle is the president, CEO and founder of clinical research company Medpace and owns about 24% of the stock. Before founding Medpace, Dr. Troendle spent five years as a director at Swiss pharma company Sandoz, now known as Novartis.

5. George Yancopoulos, MD

Net worth: $2.2 billion 

Dr. Yancopoulos is the co-founder, president and chief scientific officer of Regeneron Pharmaceuticals. He owns about 1% of the stock. Regeneron was cofounded by Dr. Schleifer in 1988, and Dr. Yancopoulos joined the next year.

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