He plans to work in the area of Personalized Medicine development to develop new drugs in this area. His new worth is around 5 billion and places him as the $4 spot for the Wealthiest Angelenos. The big boost came from the cash sale of APP Pharmaceuticals to a German medical company, Fresenius SE, for at least 4.7 billion. The company manufactures generic drugs. BD
After striking an eye-popping deal last week, Dr. Patrick Soon-Shiong stands to become the fourth wealthiest Angeleno with an estimated net worth that exceeds $5 billion – a position not lost on the surgeon turned entrepreneur who is poised to turn into one of the city’s biggest philanthropists. And because that wealth is in cash, and not just on paper, Soon-Shiong said he plans to dive in to bigger philanthropic activities in the area of health care access.
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