With a net worth of $6 billion, Dr. Patrick Soon-Shiong is one of the wealthiest doctors in the world. In addition to being a surgeon, he is also a businessman, biochemist, university professor, and media owner…
Dr. Patrick Soon-Shiong
In the late 1990s, Dr. Patrick Soon-Shiong expanded his research on cancer treatment, developing drugs for breast cancer. One of those drugs is Abraxane. Abraxane has brought Dr. Patrick Soon-Shiong a massive fortune.
According to the L.A. Times, Abraxane, although expensive, is not an entirely new drug but a reformulation of one of the most well-known cancer drugs – Paclitaxel. The drug itself, which has brought a fortune to Soon-Shiong, has caused a stir in the medical community.
The bottle of Abraxane has brought a great fortune to Dr. Patrick Soon-Shiong
In 1983, Dr. Patrick Soon-Shiong joined the UCLA School of Medicine as a faculty member in the Department of Digestive Diseases Surgery and later became the Director of the Pancreas Transplantation Program at UCLA.
After developing a method for treating diabetes by transplanting insulin-producing cells into the patient’s pancreas, Dr. Patrick Soon-Shiong left UCLA. He founded his own medical research company in 1991.
In 2010, Dr. Soon-Shiong sold the Abraxane Development Company to Celgene for $2.9 billion. He also built and sold another pharmaceutical company, APP Pharmaceuticals, to Germany’s Fresenius for an estimated $4.6 billion. As a result, the net worth of this doctor amounts to $6 billion.
