| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $1.6 billion | N/A | 1935 | N/A | Male | N/A | Entrepreneur | American |
What is Phillip Frost’s Net Worth?
Phillip Frost is an American entrepreneur with a net worth of $1.6 billion dollars. He has earned significant wealth throughout his career and has been recognized as one of the richest individuals in Florida at various times.
Highlights
– Phillip Frost’s net worth is $1.6 billion.
– He has been considered one of the wealthiest individuals in Florida.
Early Life
Phillip Frost was born in 1935 in the United States. He graduated from the University of Pennsylvania, where he pursued a degree in French Literature. Afterward, Frost obtained an M.D. from the Albert Einstein College of Medicine and furthered his studies at the University of Paris in France.
Career
Phillip Frost began his professional journey at the National Cancer Institute and later served as a Professor of Dermatology at various colleges in Florida. In the early 70s, Frost and a colleague purchased Key Pharmaceuticals. They eventually sold the company for $600 million in the late 80s.
Using his portion of the sale, which amounted to approximately $100 million, Frost established the Ivax Corporation. He assumed the roles of Chairman of the Board of Directors and CEO from 1987 until 2006 when he sold Ivax to Teva Pharmaceuticals for a staggering $7.4 billion. Frost remained involved with Teva as a board member and also made investments in multiple smaller pharmaceutical firms.
Personal Life
Details about Phillip Frost’s personal life, including his birthplace, salary, and height, are not publicly available.
Net Worth Over Time
Throughout his career, Phillip Frost’s net worth has experienced remarkable growth. Starting with a $100 million fortune from the sale of Key Pharmaceuticals, he accumulated a significant portion of his wealth through the establishment and subsequent sale of Ivax Corporation. Currently, his net worth stands at $1.6 billion.
Components of Net Worth
Phillip Frost’s net worth primarily comprises the proceeds from the sale of Key Pharmaceuticals, which amounted to $100 million, and the sale of Ivax Corporation to Teva Pharmaceuticals for $7.4 billion.
In addition, his investments in multiple smaller pharmaceutical firms contributed to his overall net worth. Frost’s entrepreneurial ventures, coupled with wise investment decisions, have shaped his substantial wealth.
In conclusion, Phillip Frost has accumulated a significant net worth of $1.6 billion through his entrepreneurial endeavors and strategic investments in the pharmaceutical industry. Despite the lack of personal details available, his achievements and financial success position him as one of the wealthiest individuals in Florida.