Published: Tuesday, 28 November 2017 15:57
Sourced by SolutionsTeam
By: Kabous le Roux
Patrick Soon-Shiong, the son of Chinese immigrants to South Africa, is the world’s richest doctor and the wealthiest resident of Los Angeles with a net worth of almost R150-billion. Soon-Shiong was born on 29 July 1952 and grew up “coloured” in Port Elizabeth after his parents fled from China during World War Two. He finished high school when he was 16 and received his medical degree from the University of the Witwatersrand at 23, finishing fourth out of 189 graduates. He moved to Canada, then to the US, after doing an internship at the all-white Johannesburg General Hospital where he was paid half the salary of everyone else.
Fighting cancer, making money
Soon-Shiong became well-known during the 1980s for transplanting pancreas cells to treat diabetes. He invented the world’s first protein nanoparticle delivery technology to treat breast cancer, doubling the response rate in patients. He founded two drug companies, Abraxis and American Pharmaceutical Partners, which he sold for R112-billion. He holds 50 US patents, including that of block buster pancreatic cancer drug Abraxane.
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