The big­gest health­care for­tunes in the land

Modern Healthcare - - OUTLIERS ASIDES & INSIDES -

Who’s the rich­est of them all? When Out­liers dug into real-time data from Forbes on bil­lion­aires, some fa­mil­iar and not-so-fa­mil­iar names popped up in the health­care field for the U.S. Here’s where they stood as of Aug. 14.

Not too sur­pris­ingly, three of the top five U.S. health­care bil­lion­aires made their for­tunes in phar­ma­ceu­ti­cals, in­clud­ing the man oc­cu­py­ing the top spot, Dr. Pa­trick Soon-Shiong. His $10.1 bil­lion bankroll places him at No. 125 on Forbes World’s Bil­lion­aires list. But the Los An­ge­les sur­geon and en­trepreneur isn’t just sit­ting around count­ing his cash. Be­sides lead­ing his tech startup Nan­tWorks, which plans to use big data to im­prove pa­tient care, he re­cently took a job as global direc­tor for can­cer ser­vices and bioin­for­mat­ics at Prov­i­dence Health & Ser­vices, Ren­ton, Wash., where he aims to re­de­fine can­cer care through ge­nomics.

The found­ing clan of the HCA hos­pi­tal chain col­lec­tively oc­cu­pies the No. 2 spot in U.S. health­care, with a for­tune es­ti­mated at $7.3 bil­lion for Dr. Thomas Frist Jr. and fam­ily. And the Frists, who call Nashville home, have just been get­ting richer; they’ve seen their net worth rise 46% since Septem­ber 2013, when they se­cured the No. 90 spot on the Forbes 400 list with a for­tune then es­ti­mated at $5 bil­lion. The Frists own 15% of HCA’s stock, which has jumped this year thanks to the Pa­tient Pro­tec­tion and Af­ford­able Care Act.

Com­ing in at No. 3 in U.S. health­care riches is Dr. Phillip Frost, who earned his $3.7 bil­lion stock­pile in the phar­ma­ceu­ti­cal in­dus­try. The res­i­dent of Mi­ami Beach, Fla., is the chair­man and CEO of Opko Health and chair­man of Teva Phar­ma­ceu­ti­cals In­dus­tries. The No. 4 spot for U.S. health­care ty­coons be­longs to Ran­dal Kirk, chair­man and CEO of pharma com­pany In­trexon Corp. Kirk, who lives in Manala­pan, Fla., has a net worth of $3.5 bil­lion.

A med­i­cal-de­vice for­tune heir takes the No. 5 U.S. health­care slot. Ronda Stryker of Portage, Mich., whose grand­fa­ther Homer Stryker founded Stryker Corp., can claim a net worth of $3.3 bil­lion thanks to her 8% stake in the fam­ily com­pany.

But they’re all pik­ers next to the world’s No. 1 health­care bil­lion­aire, Dilip Shanghvi, of Mumbai, In­dia. The founder of generic-drug maker Sun Phar­ma­ceu­ti­cal In­dus­tries is worth $18 bil­lion, ac­cord­ing to Forbes.

Forbes up­dates its num­bers daily, so this gag­gle of health­care mag­nates could be even richer by the time you read this.

Dr. Pa­trick Soon-Shiong

Dr. Thomas

Frist Jr.

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