- Most of his fortune was generated because he has more than 230 patents for which he receives royalties.
- He has also invested in fields outside of health and today owns the Los Angeles Times and San Diego Union-Tribune newspapers.
- The current assets of what is considered the richest doctor in the world amounts to 12.5 billion dollars.
It is constantly mentioned that health professionals do not receive a fair payment according to the activity they carry out. Their role is paramount because they take care of the integrity of other people and sometimes avoid fatal outcomes. But beyond saving lives there is a doctor who, through various businesses within his own area, has become the richest in the world.
In this regard, it is conventionally stated that there are only two paths within the health field: work in the public or private field. But although they are the main ones, there is also another one that can be chosen and that is entrepreneurship.
The secret to success in the world of health
Opening your own business is not easy because it requires a strong investment. In addition, the return of the money is not immediate because it is necessary to think in the long term. Despite the adversities, there are always people who take risks and choose to Open your own medical office.
One of the advantages of the field of health is that it is too broad. Not only can you open a doctor’s office or a hospital, but there are more alternatives that you can venture into. It was with that thought that a specialist managed to gather a million-dollar fortune that continues to grow.
Who is the richest doctor in the world?
In this case we refer to the Dr. Patrick Soon-Shiong, who was born in South Africa in 1952 but is of Chinese parents who fled their country during World War II. He decided to study the Bachelor of Medicine at the University of the Witwatersrand and his first job was in the Johannesburg General Hospital.
Later he studied the specialty of General Surgery at the University of British Columbia. His next position was as a professor at the University of California Los Angeles School of Medicine (UCLA). Some of his feats were achieving the first complete pancreas transplant at that institution and develop an experimental treatment for type 1 diabetes.
Royalties for drug development
For his part, between 1984 and 1987 he worked as a researcher at the Center for Ulcer Research and Education. From all his acquired knowledge he achieved one of the greatest successes of his professional career. It is about the creation of the drug abraxane that works against him lung, breast and pancreatic cancer.
But it is not his only business because he is also the founder of NantWorks, a network of healthcare, biotech and artificial intelligence start-ups. While one of the most important points is that it has He has published more than 100 scientific articles and has more than 230 patents for which he receives royalties.
Similarly, he has served as an adjunct professor of surgery and executive director of the Wireless Health Institute of the University of California and as a visiting professor at the Imperial College London and Dartmouth College.
While his empire goes beyond health. In 2018, it acquired the Los Angeles Times and San Diego Union-Tribune newspapers.considered two of the largest media outlets in the United States.
Based on all of the above, it is estimated that he currently has a net worth of 12.5 billion dollars. Thanks to this number, it is cataloged as the richest doctor in the world
But beyond the number, one of its commitments is to help the most disadvantaged people. With this in mind, since 2010 it is part Giving Pledge and has pledged to donate at least half of his wealth to philanthropy.
And did you already know the story of the richest doctor in the world?
Also read:
The 8 millionaire doctors with more money in the world
Millionaires in times of pandemic: The 10 richest health entrepreneurs in the world
Prevalent misconceptions about doctors: “Everyone is a millionaire”