phillip frost

Published on March 27 2014

Phillip Frost Net Worth : $2.6 Billion 

Phillip Frost is an American entrepreneur, who has an incredible net worth of $3.69 billion (as of March 2014 according to Forbes). He is the Chairman and Chief Executive Officer of Opko Health, a pharmaceutical and diagnostics company. He also serves as the Chairman of Ivax, and has ventured into a dozen companies. Apko Health and a number of those companies he has ventured into merged and acquired Prolor Biotech.

This 77-year old pharma industry veteran was once a dermatology professor. He got his start in the pharma industry in the early 70s, when he took over Key Pharmaceuticals with his business partner, Michael Jaharis, and later sold the company in 1986. Frost then established the generic drug-maker Ivax, but later sold it in 2005 to Teva Pharmaceutical Industries for $7.5 billion. Even though he sold the company, he continues to serve as its chairman.

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