Patrick Soon-Shiong Net Worth

November 29, 2023
2 mins read
LOS ANGELES, CA - MARCH 22: CEO of Abraxis Health Institute Patrick Soon-Shiong during a Urban Economic Forum co-hosted by White House Business Council and U.S. Small Business Administration at Loyola Marymount University on March 22, 2012 in Los Angeles, California. Topics discussed at the forum included the Obama administration's support for policies that create private sector-jobs and future entrepreneurs. (Photo by Kevork Djansezian/Getty Images)

Patrick Soon-Shiong was born on the 29th July 1952 in Port Elizabeth, South Africa, and is an American surgeon, researcher and professor, who is probably best recognized for being the Executive Director of the Wireless Health Institute at the UCLA, as well as an Adjunct Professor of Surgery. He is also known for being the chairman of NantWorks, LLC. His career has been active since the early 1970s.

So, have you ever wondered how rich Patrick Soon-Shiong is, as of early 2017? According to authoritative sources, it has been estimated that Patrick counts his net worth at the impressive amount of $9 billion, acquired through his successful involvement in the pharmaceutical and medical industries. Another source is coming from his job as a professor of surgery. He is also the owner of the NBA’s Los Angeles Lakers, which also increased his wealth.

Patrick Soon-Shiong Net Worth $9 Billion

Patrick Soon-Shiong is the son of Chinese immigrant parents who emigrated during the Japanese occupation in WWII. Upon matriculation from high school when he was only 16 years old, he enrolled at the University of Witwatersrand, from which he graduated 4th out of his class by the age of 23 with a Bachelor of Medicine, Bachelor of Surgery (MBBCh) medical degree. While in college, he had started to excel; his medical internship was held at Johannesburg’s General Hospital, and from there he moved to the University of British Columbia, Canada, and then started surgical training at the UCLA, becoming a board-certified surgeon. In 1983 he became a part of the UCLA Medical School and worked there until 1991. He trained in transplant surgeries, and for a period of three years between 1984 until 1987, he was the associate investigator at the Center for Ulcer Research and Education. While at UCLA, he was the first one to perform a whole-pancreas transplant, while also developing the experimental treatment for Type 1 diabetes, encapsulated-human-islet transplant, eventually being the first to perform a pig-to-human islet-cell transplant in diabetic patients. As of 2009, he became the professor of immunology, microbiology and molecular genetics and bio engineering, all of which have added a considerable amount to his net worth.

His career away from college and other educational and medicinal centers began in 1991, when he started a diabetes and cancer biotechnology firm. In 1997 Patrick started another one of his ventures, APP Pharmaceuticals, which he sold in 2008 to Fresenius SE for $4.6 billion, which increased his net worth by a large margin. He had already started the NantHealth in 2007, which focused on producing fiber-optic, cloud-based data infrastructure to share healthcare information, and just four years later he found NantWorks. Two years later he gave birth to another biotech company, NantOmics, the main goal of which is to develop cancer drugs that are based on protein kinase inhibitors. Furthermore, in 2010 he started the Healthcare Transformation Institute, to promote a paradigm shift in health care in the USA, and then in 2015 he launched the IPO for NantKwest at $2.6 billion market value. Most recently he received a salary of $148 million from the NantKwest, which made him one of the highest paid CEO’s.

Regarding his personal life, Patrick Soon-Shiong is married to actress Michele B. Chan, with whom he has two children. Their current residence is in Los Angeles, California. In his spare time, Patrick is known for his charity working, as he run the Chan Soon-Shiong Family Foundation.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications.

At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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