100 World Class South Africans: Patrick Soon-Shiong

Medical mogul

Most South Africans have never heard of him but Port Elizabeth-born Patrick Soon-Shiong is the wealthiest man in LA, according to Forbes magazine, No.39 on its Rich List.

The son of Chinese immigrants, he matriculated by age 16 and graduated from Wits at 23 with a medical degree.

He worked with TB patients before moving to the US.

There, he helped create a breast cancer drug called Abraxane – using nanotechnology – which was more effective and had fewer side effects; it’s currently in trials for other forms of cancer.

His refusal to release Abraxane to a pharmaceutical company, and his aggressive marketing, put him where business and medicine meet.

Soon-Shiong started his own biotech companies, Abraxis Bioscience and American Pharmaceutical Partners, patented 50 other drugs, wrote over 130 scientific papers and won countless awards.

The 61-year-old, who still speaks with a South African accent, now has a new company that’s set to transform healthcare by creating secure biomedical information sharing.

His family foundation (his wife is Michelle Chan, from the 80s TV series Hotel) spent $235 million to upgrade hospitals in poor communities.

The good doctor now wants to buy the LA Kings (hockey), Lakers (basketball) and Galaxy (soccer) teams.

Why? He wants players to encourage kids to fight obesity and diabetes.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
Who do you think is going to win the 2020 US election?
Please select an option Oops! Something went wrong, please try again later.
Results
Biden is going to take it
46% - 4640 votes
It's four more years for Trump
54% - 5509 votes
Vote
ZAR/USD
16.47
(+0.18)
ZAR/GBP
21.41
(-0.30)
ZAR/EUR
19.42
(-0.37)
ZAR/AUD
11.68
(+0.31)
ZAR/JPY
0.16
(+0.23)
Gold
1908.00
(+0.42)
Silver
24.57
(+1.60)
Platinum
860.00
(-0.29)
Brent Crude
43.06
(0.00)
Palladium
2337.50
(+0.72)
All Share
55161.03
(+0.21)
Top 40
50741.94
(+0.09)
Financial 15
9977.80
(+3.10)
Industrial 25
74762.95
(-0.61)
Resource 10
54129.95
(-0.07)
All JSE data delayed by at least 15 minutes morningstar logo