Entrepreneurs
Patrick Soon-Shiong Net Worth
![Patrick Soon Shiong Net Worth](https://cdn.wealthygorilla.com/wp-content/uploads/2022/08/Patrick-Soon-Shiong-Net-Worth.jpg)
What is Patrick Soon-Shiong’s net worth?
Net Worth: | $10 Billion |
---|---|
Age: | 72 |
Born: | January 1, 1952 |
Gender: | Male |
Height: | Unknown |
Country of Origin: | South Africa |
Source of Wealth: | Entrepreneur |
Last Updated: | Jul 26, 2024 |
Introduction
Patrick Soon-Shiong is a South African-American transplant surgeon and billionaire.
Soon-Shiong is the inventor of the drug Abraxane, which became known for its efficacy against lung, breast, and pancreatic cancer. He is the founder of NantWorks, which is a network of healthcare, biotech, and artificial intelligence startups.
He has published more than 100 scientific papers and has more than 230 issued patents worldwide on advancements spanning numerous fields in technology and medicine.
As of July 2024, Patrick Soon-Shiong’s net worth is estimated to be roughly $10 Billion.
Early Life
Patrick Soon-Shiong was born on the 29th of July, 1952, in Port Elizabeth, South Africa.
Soon-Shiong is the son of Chinese immigrant parents who fled from China during the Japanese occupation in World War II.
He graduated 4th out of his class from the University of Witwatersrand. Soon-Shiong received a bachelor’s degree in medicine at age 23. He completed his medical internship at Johannesburg’s General Hospital. He then studied at the University of British Columbia, where he earned a master’s degree in 1979.
Career
In 1991, Soon-Shiong left UCLA and founded the biotechnology company called Abraxis BioScience. Under his leadership, the company eventually developed a revolutionary drug used in the treatment of breast, lung, and pancreatic cancers.
In 2005, the drug, Abraxane, was approved by the FDA and the European equivalent in 2008 to treat breast cancer when chemotherapy was not working.
Abraxane generated $315 million in revenue per year . In 2010 Abraxis BioScience, which was still solely owned by Soon-Shiong, was acquired by American biotech company Celgene for $3 billion in cash and stock.
One of the biggest successes in the business world was when he founded a company called American Pharmaceutical Partners in 1997.
By 2008, APP generated $750 million per year in revenue, of which roughly $300 million was pure profit. In July of 2008, Homberg, Germany-based Fresenius SE agreed to acquire APP for $5.6 billion.
He also founded another company called NantWorks in 2011. Nantworks’s health division NantHealth aims to provide cloud-based data to the healthcare industry.
As of July 2024, Patrick Soon-Shiong’s net worth is estimated to be roughly $10 Billion.
How Does Patrick Soon-Shiong Spend His Money?
Patrick Soon-Shiong spends his money on real estate.
Patrick Soon-Shiong’s Home
Soon-Shiong owns a beautiful home in Los Angeles, California.
Highlights
Here are some of the best highlights of Patrick Soon-Shiong’s career:
- He is the inventor of the drug Abraxane
- Soon-Shiong is the founder of NantWorks
- Soon-Shiong joined UCLA Medical School (1983)
Favorite Quotes from Patrick Soon-Shiong
“Cancer is really a slew of rare diseases. Lung cancer has 700 sub-types. Breast cancer has 30,000 mutations which means that every cancer in its own right is a rare disease. Sharing data globally in this context is really important from a life-threatening perspective.” – Patrick Soon-Shiong
“Baseball is like cricket, and I grew up in a country where they had cricket. So I understand cricket, soccer, and basketball. I played basketball at the club level and a little bit in college, so that’s why Im a basketball fanatic.” – Patrick Soon-Shiong
“If you look upon chronic diseases as an epidemic, and you see that the chronically ill are the poor, then you see that this issue of the uninsured is not really a moral but a financial obligation to change health care.” – Patrick Soon-Shiong
“I was working with stem cells as part of a NASA programme. We realised that the science of stem-cell proliferation was also fundamental to cancer cells when cancer enters the phase of metastasis.” – Patrick Soon-Shiong
“My goal is to build standards that would meet world standards such as in the US or Europe and make the products in SA so that the country becomes the exporter of next-generation biologic drugs for cancer and infectious diseases. That’s not an impossible dream, and I think it could be accomplished within five years.” – Patrick Soon-Shiong
3 Life Lessons from Patrick Soon-Shiong
Now that you know all about Patrick Soon-Shiong’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him:
1. The Physical World
iD is a machine vision and sensor browser for the physical world. That’s what Soon-Shiong has been working on with Coca-Cola, Verizon, Bank of America, and Disney to launch content when an image is recognized.
2. New Diagnoses
You have in the U.S. around two million new diagnoses of cancer a year, and 13 million survivors, so you have about 10,000 patients that require analysis every day. That’s about five petabytes that need to be transmitted and computed on a daily basis.
3. Live and Play
Every patient is a consumer, and every consumer is a potential patient. What NantWorks is doing is building the world the way Da Vinci saw it, and augmenting every frame a human being sees as they work, live, and play.
Frequently Asked Questions
How much is Patrick Soon-Shiong worth?
Patrick Soon-Shiong’s net worth is estimated to be $10 Billion.
How old is Patrick Soon-Shiong?
Patrick Soon-Shiong was born on January 1, 1952, and is currently 72 years old.
How tall is Patrick Soon-Shiong?
Patrick Soon-Shiong’s height is Unknown.
Summary
Patrick Soon-Shiong is a South African-born surgeon and drug developer.
He is one of the richest people in Los Angeles. In 2010, he purchased Magic Johnson‘s 4.5% ownership stake in the Los Angeles Lakers.
He is the largest Lakers owner outside of the Buss family. Growing up, he earned a Master of Science from the University of British Colombia. He holds over 50 patents, and he was a member of the UCLA Medical School faculty from 1983 to 1991.
As of July 2024, Patrick Soon-Shiong’s net worth is estimated to be roughly $10 Billion.
What do you think about Patrick Soon-Shiong’s net worth? Leave a comment below.
Entrepreneurs
Carlos Ghosn Net Worth
![Carlos Ghosn Net Worth](https://cdn.wealthygorilla.com/wp-content/uploads/2022/09/Carlos-Ghosn-Net-Worth.jpg)
What is Carlos Ghosn’s net worth?
Net Worth: | $120 Million |
---|---|
Age: | 70 |
Born: | March 9, 1954 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | Brazil |
Source of Wealth: | Entrepreneur |
Last Updated: | Jul 26, 2024 |
Introduction
Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 Million.
Ghosn is best known for being the CEO of Michelin North America, Renault, AvtoVAZ, Nissan, and Mitsubishi Motors.
Early Life
Carlos Ghosn was born on the 9th of March, 1954, in Porto Velho, Brazil.
He did his secondary studies in Beirut, Lebanon, at Collège Notre-Dame de Jamhour.
Ghosn graduated from École Polytechnique in engineering in 1978 and his postgraduate studies from the École des Mines de Paris.
Career
After graduating from the École des Mines de Paris in 1978, Carlos Ghosn worked for Michelin for 18 years. At first, he trained and worked at several plants throughout France and Germany before becoming a manager in Le Puy-en-Velay, France.
In 1984, Ghosn became the head of research and development and, a year later, was named the COO of the company’s operations in South America.
Ghosen moved to Rio de Janeiro, where the business had become unprofitable due to the hyperinflation in Brazil. Tasked with turning things around, Ghosen rose to the challenge with success and was named the president and COO of Michelin North America in 1989.
Rising Through The Ranks
In 1990, Carlos Ghosn became the CEO of Michelin North America and oversaw the company’s restructuring after purchasing Uniroyal Goodrich Tyre Company.
Six years later, Ghosn was elected Vice President of research, purchasing, development, and manufacturing at Renault, a French auto manufacturer. Under his guidance, Renault became exceptionally profitable, which led to Renault and Nissan forming the Renault-Nissan Alliance in 1999.
While maintaining his previous roles, Ghosn became Nissan’s COO and was named its president in 2000 and CEO in 2001.
Ghosn was able to turn Nissan’s sinking profits around with his “Nissan Revival Plan,” which reduced the company’s debt by 50% by 2002. To do this, he cut 14% of jobs, shut down five Japanese plants, and auctioned off assets, including the company’s aerospace division.
In 2005, he became Renault’s president and chief executive, making him the first person to run two Fortune 500 companies simultaneously.
While not as wealthy as the richest people in America, Ghosn’s business strategies for success were undeniable, even if some people disagreed with his methods.
Ghosn’s Recent Business Deals
Carlos Ghosn became the chairman of GM in 2005, following a merger between the company and Renault and Nissan. Ford offered to allow Ghosn to lead the company the following year, but he refused, stating he’d have to be made both CEO and chairman.
In 2007, Ghosn pushed Renault-Nissan into the electric car market, which helped make it the world leader in electric vehicles by 2017.
Soon after, he was named the deputy chairman of the Russian auto manufacturer AvtoVAZ and, in 2013, became the company’s chairman.
After a long tenure, Ghosn stepped down as CEO of Nissan in 2017 while remaining chairman and was succeeded by Saikawa Hiroto.
However, the year before, Ghosn had become chairman of Mitsubishi Motors following Nissan’s acquisition of a 34% stake in the company.
At Mitsubishi, Ghosn’s goal was to rehab the automaker, though he was removed from his post in 2018 after his arrest over false accounting allegations. After that, Ghosn’s affairs began to fall apart, and by the end of 2019, he was still imprisoned.
In late 2019, he was able to post bail and quickly left Japan for Lebanon, where he continues his legal battles today.
Carlos Ghosn Net Worth
In 2024, Carlos Ghosn’s net worth is estimated to be $120 Million.
Highlights
Here are some of the best highlights of Carlos Ghosn’s career:
- Ghosn is the chairman/CEO of Renault, AvtoVAZ, Nissan, and Mitsubishi Motors
- He was ranked as one of the 50 most famous men in global business and politics (2003)
Favorite Quotes from Carlos Ghosn
“Commitment. This is my favorite word because, in some way, people who are committed are always much more interesting and much more reliable, and much more, I would say, deep than people who are not.” – Carlos Ghosn
“We don’t know where the markets are going….we have to observe what’s going down, see the trends, look at every vibration on the market, prepare the technology and jump when consumers start to think one way or the other” – Carlos Ghosn
“I think that the best training a top manager can be engaged in is management by example. I want to make sure there is no discrepancy between what we say and what we do. If you preach accountability and then promote somebody with bad results, it doesn’t work. I personally believe the best training is management by example. Don’t believe what I say. Believe what I do.” – Carlos Ghosn
“You don’t implement change easily in Japan unless you explain very clearly why you need to do this change, how you’re going to do this change and what’s going to be the outcome of this change. If you offset or you forget to explain one of these three steps you’re not going to do it.” – Carlos Ghosn
“I would say a good leader brings results. A great leader writes a new story, it’s different. Obviously a new story has to incorporate a lot of results. But a story is a chapter in the life of a company that people want to write and want to remember.” – Carlos Ghosn
Summary
Carlos Ghosn is a French-Lebanese-Brazilian businessman known as the “Le cost killer” and “Mr. Fix It”.
Thanks to his turnaround success at Nissan, Carlos gained celebrity status in the business world and was ranked as one of the 50 most famous men in global business and politics in 2003.
What do you think about Carlos Ghosn’s net worth? Leave a comment below.
Entrepreneurs
Rich Barton Net Worth
![Rich Barton Net Worth](https://cdn.wealthygorilla.com/wp-content/uploads/2022/09/Rich-Barton-Net-Worth.jpg)
What is Rich Barton’s net worth?
Net Worth: | $2.1 Billion |
---|---|
Age: | 57 |
Born: | June 2, 1967 |
Gender: | Male |
Height: | Unknown |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Jul 26, 2024 |
Introduction
Rich Barton is an American entrepreneur and CEO of Zillow Group with an estimated net worth of $2.1 Billion.
Barton has founded multiple companies, including online travel company Zillow, job search engine Glassdoor, and photography site Trover.
Barton was a venture partner at Benchmark and is on the board of directors for Netflix, Avvo, Nextdoor, and Artsy.
Early Life
Richard Barton was born on the 2nd of June, 1967, and raised in New Canaan, Connecticut.
Barton is the son of a teacher and mechanical engineer.
Barton graduated from Standford University in 1989. He then started working for Alliance Consulting Group and Microsoft in 1991. His forefathers, John Barton and his son Horace, were inducted into the 1999 South Dakota Tennis Hall of Fame.
Career
After graduating from Stanford University with an engineering degree, Rich Barton started working for the Alliance Consulting Group in 1989.
In 1991, he left and began working for Microsoft as a project manager for the operating system MS-DOS 5.0. While working for Microsoft, Barton founded the travel site Expedia in 1994 as the company was planning to build a travel guide on CD-ROM. However, Barton pitched the idea of an online service to Bill Gates, who permitted him to pursue the project.
In 1996, Expedia made its debut on the internet, and Rich was the CEO of the site’s IPO until 2003, when it was purchased for $3.6 billion.
Making Billions
After selling Expedia’s IP, Rich Barton took a year-long break from business to relax in Italy and enjoy his success. However, he didn’t rest for too long and made a comeback in 2004 to begin setting his next business plan in motion.
Now in Seattle, Barton began working on the site Zillow, which he believed could transform the real estate industry.
In December 2004, Zillow was incorporated in Washington and officially launched in February 2006.
The site included a home valuation tool, sales history, and value appreciation information upon launch. The site crashed on the morning of its launch because the servers weren’t strong enough to handle the immense traffic.
By 2008, Zillow had grown exponentially and, in 2010, had become incredibly profitable for the first time since its launch.
In 2012, Barton purchased Rentjuice and Hotpads, followed by Street Easy in 2013 and Trulia in 2015.
All of this helped make Rich Barton one of the richest people in America, and his net worth continues to increase.
Maintaining Zillow
Although Rich Barton stepped down as CEO in 2010, he returned in 2019, replacing Spencer Rascoff. A year prior, the site began buying and selling through the new Zillow Offers, which partnered with local real estate agents. Upon returning to the CEO position, Barton began expanding Zillow Offers into new markets across the United States.
However, when the pandemic struck in 2020, Zillow saw its stock hit a four-year low, forcing them to cut expenses to stay profitable.
By July 2020, Zillow became one of the first companies to permanently allow employees to work from home. This allowed them to hire an additional 1,500 employees with the plan to expand their workforce by 40% by the end of 2021.
Unfortunately, things didn’t pan out, and Barton announced in November 2021 that Zillow was shutting down its home-buying business and laying off 25% of employees.
That said, this didn’t stop the Zillow Group from acquiring other businesses throughout the 2020s to expand their reach. These companies include ShowingTime, Follow Up Boss, and VRX Media, all of which have benefited Zillow. At the same time, Forbes named Barton a billionaire in 2020 after his earnings from Zillow continued to grow.
Now one of the richest people in the world, Rich Barton has undoubtedly lived up to his first name, earning billions through his business.
Rich Barton Net Worth
In 2024, Rich Barton’s net worth is estimated to be $2.1 Billion.
How Does Rich Barton Spend His Money?
Rich Barton spends his money on real estate.
Rich Barton’s Home and Other Spendings
Barton owns a home in Seattle, Wahington. Barton Has A $700 million stake in Zillow and plans to turn it into a home-flipping machine.
Highlights
Here are some of the best highlights of Rich Barton’s career:
- Chief executive officer of Zillow Group
- One of the top 10 innovators under 35 by MIT Technology Review (2003)
- Presidential Ambassadors for Continental Entrepreneurship (2012)
Favorite Quotes from Rich Barton
“Until now, finding out a current market value of any home, whether it’s yours or one you want to bid on, has been quite difficult. We believe you shouldn’t need a computer science degree or a real estate license to find out what a home is worth.” -Rich Barton
“Yes. The overwhelming trend is that shopping, across the board for every kind of home you can possibly imagine, is up. And that is even with the need for increased safety measures.” – Rich Barton
“I think of this concept as “faster to the future.” I believe that this awful occurrence, this crisis of a pandemic, has also created a massive opportunity for all of us to get faster to the future, be it in the real estate industry, or in many different Industries as well.” – Rich Barton
“I think entrepreneurs, by design or by personality, are people who must be optimistic about the future. I think in times of crisis like now, it’s that optimism that pulls not only people through but pulls teams of people through. It’s very difficult to be a successful leader and be pessimistic.” – Rich Barton
“It’s very difficult to be effective and optimistic in your job when you’re scared for yourself, for your family, for your community. So for me, being part of a successful business enterprise that Zillow is, is about making sure that I am taking care of what I need to take care of in my personal life, and with my family, and with my health.” – Rich Barton
Summary
Rich Barton is an American entrepreneur and businessman best known for being the Zillow Group CEO.
He is also the founder of Expedia and Glassdoor. Barton was born in Connecticut and graduated from Standford University. He has also founded the online travel photography-sharing site Trover.
He was a venture partner at Benchmark and served on the boards of directors for Netflix and Artsy. In 2012, he was named one of Barack Obama‘s Presidential Ambassadors for Continental Entrepreneurship.
What do you think about Rich Barton’s net worth? Leave a comment below.
Entrepreneurs
Russell Simmons Net Worth
![Russell Simmons Net Worth](https://cdn.wealthygorilla.com/wp-content/uploads/2022/09/Russell-Simmons-Net-Worth.jpg)
What is Russell Simmons’ net worth?
Net Worth: | $340 Million |
---|---|
Age: | 66 |
Born: | October 4, 1957 |
Gender: | Male |
Height: | 1.76 m (5 ft 9 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Jul 26, 2024 |
Russell Simmons is an American record producer and entrepreneur with an estimated net worth of $340 Million.
Simmons is the co-founder of the record label Def Jam and has been among the top 25 most influential people in the industry over the past 25 years, playing a pivotal role in bringing hip-hop music to the forefront.
Early Life
Russell Simmons was born in Queens, New York, on October 4, 1957.
He is the son of Daniel Simmons Sr. and Evelyn Simmons. His father was a public school administrator, and his mother worked as a park administrator. Simmons attended the City College of New York for some time, after which he dropped out and went on to promote local musicians.
Career
During college, Simmons met industry mentor Robert Ford Jr., and a few years later, he co-founded Def Jam Recordings with Rick Rubin. In 1985, he co-produced and appeared alongside Daryl McDaniels in the film “Krush Groove” and launched the Def Comedy Jam television program.
From Rap To Riches
The Def Comedy Jam program featured notable figures such as Dave Chappelle, Chris Rock, and Martin Lawrence, who were prominent comedians then. At the same time, Russell’s services to the music industry and hip-hop culture were honored at the 2004 VH1 Hip Hop Honors. A few years later, he produced hit films “The Nutty Professor” featuring Eddie Murphy and “How to Be a Player.”
In 2003, Russell established RushCard, a prepaid debit card provider, and launched Phat Fashions LLC, featuring Phat Farm and Baby Phat labels. The apparel line has a traditional appearance and feel thanks to the influence of designers like Ralph Lauren and Tommy Hilfiger. Not long after establishing the business, he sold Phat Farm and Baby Phat to Kellwood Company in 2004 for $140 million.
That same year, he formed the Russell Simmons Music Group as a joint venture with Universal Music’s Island Def Jam Music Group.
Simmons’ Vegan Advocacy
Additionally, he co-founded the Rush Philanthropic Arts Foundation and received an Honorary Doctorate Degree in Humane Letters from Claremont Lincoln University in 2014. He also coordinated the anti-Rockefeller Drug Law demonstrations promoting more equitable drug laws and was designated as the UN Slavery Memorial’s Goodwill Ambassador.
Russell is a huge PETA supporter and won the PETA Humanitarian Award in 2001 and the Person of the Year Award. The group PETA (People for the Ethical Treatment of Animals) fights against animal abuse in entertainment and industry, advances vegetarianism, and defends animal rights. Many celebrities, such as Pamela Anderson, Ellen DeGeneres, and Woody Harrelson, are just a few of the figures supporting PETA.
His involvement with the NGO has influenced him to live a healthier lifestyle. He has become vegan himself and promotes the routine.
Signing Lil Skies And Jack Harlow
Simmons, a vegan since 1999, supports the David Lynch Foundation, which encourages activism, mindfulness, and vegetarianism; he also practices Jivamukti Yoga and Transcendental Meditation. He supports the Somaly Mam Foundation, which combats human trafficking and sexual slavery and endorses the second Muslim Jewish Conference promoting interfaith dialogue and cooperation.
In 2012, Simmons’ book “Super Rich: A Guide to Having It All” took home the NAACP Image Award for Outstanding Literary Work – Non-Fiction.
To top it all off, Richtopia listed him as one of the 200 most influential social entrepreneurs and philanthropists worldwide in 2017.
Russell released the “Masterminds of Hip Hop” NFT collection alongside Snoop Dogg and Ice-T and became a senior advisor for the vegan brand Everything Legendary.
Recently, Russell has been more involved in Def Jam Records, signing up-and-coming artists such as Lil Skies, Jack Harlow, and Dreezy.
Estimated Net Worth
Highlights
Here are some of the best highlights of Russell Simmons’ career:
- Co-founded Def Jam (1983)
- Krush Groove (Movie, 1985)
- Launched Clothing Line (1992)
- Sold Phat Farm (2004)
Favorite Quotes from Russell Simmons
“Find peace within yourself.” – Russell Simmons
“Always focus on your effort, instead of the results of that effort.” – Russell Simmons
“The key ingredient to any kind of happiness or success is to never give less than your best.” – Russell Simmons
“As I get, I give. Giving as you get is critical. It has everything to do with being happy for yourself, and making others happy is the cause of making yourself happy, and it’s the cycle of giving and getting.” – Russell Simmons
“Don’t get caught up in the hype. Always be connected to and content with, what’s happening in your own head.” – Russell Simmons
“Giving, not trading or selling, is the basis of success. The most rewarding thing you can do is just to give the world something good. And ultimately you will be paid so much more for that gift that you had tried to trade it for something else.” – Russell Simmons
“That’s because the truth is, the only things that are going to bring lasting happiness to your life are good health and knowledge of self, which lead to a compassionate relationship with the world.” – Russell Simmons
Summary
Russell Simmons was one of the first producers in the industry to co-found one of the most significant record labels ‘Def Jam’. Simmons has collaborated with some of the best artists, such as Jay Z and LL Cool J.
What do you think about Russell Simmons’ net worth? Leave a comment below.
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