The most widespread misperception about doctors is that they are unimaginably wealthy.
While doctors are well compensated, it takes the majority of their years of hard effort to earn a living because they graduate with so many school loans and debts.
While most doctors earn a good living, it takes time to hone their skills, establish a solid reputation, and work their way up to the big leagues.
Continue reading to learn about the world’s top 13 richest doctors in various fields of medicine.
Table of Contents
- 1. Dr. Patrick Soon-Shiong – $7.3 billion
- 2. Dr. Thomas Frist, Jr. – $4 billion
- 3. Dr. Randall Kirk – $2.4 billion
- 4. Dr. Philip Frost – $2.4 billion
- 5. Dr. Gary Michelson – $1.4 billion
- 6. Dr. Phil McGraw – $245 million
- 7. Dr. James Andrews – $100 million
- 8. Dr. Terry Dubrow – $30 million
- 9. Dr. Leonard Hochstein – $20 million
- 10. Dr. Garth Fisher – $15 Million
- 11. Dr. Robert Rey – $15 million
- 12. Dr. Paul Nassif – $14 million
- 13. Dr. Mehmet Oz – $14 million
1. Dr. Patrick Soon-Shiong – $7.3 billion
Dr. Patrick takes first place on our list of the top 13 richest doctors. He is the 47th wealthiest billionaire on Forbes’ yearly list of the world’s billionaires and an absolute talent in the field of medicine.
Dr. Soon-Shiong graduated from high school at the age of 16 and received his medical degree from the University of the Witwatersrand at the early age of 23.
He does not work in a hospital in the traditional sense. After graduating, he launched two significant pharmaceutical companies, American Pharma Partners and Abraxis Bioscience.
They sold for a combined total of over $8 million in the last several years. His newest venture seeks to connect patient DNA to scientific studies to offer physicians extra patient data.
2. Dr. Thomas Frist, Jr. – $4 billion
With a degree from Washington University and a position of 92 on Forbes’ list of the world’s billionaires, Dr. Thomas Frist, Jr. is doing very well for himself.
In the late 1960s, the medical doctor co-founded Hospital Corporation of America with his father.
He is the largest stakeholder in the group. Each year, the firm makes around $29.7 billion from the acquisition and sale of hospitals.
The corporation stands to earn much more money in the coming year, as numerous large contracts with new hospitals have been signed.
3. Dr. Randall Kirk – $2.4 billion
He is ranked 190th on Forbes’ list of billionaires. Dr. Kirk earned a degree from the University of Virginia and has operated his firm for three decades.
While Dr. Kirk does not practice medicine in a hospital setting, he makes use of his medical degree in the business world.
He founded his own pharmaceutical company in 1984 and has been amassing billions of dollars there ever since.
His first pharmaceutical company was General Injectables & Vaccines. After 14 years, he sold the company and founded New River Pharmaceuticals and King Pharmaceuticals.
He is worth $2.4 billion, making the third on our list of the top 13 richest doctors in the world.
4. Dr. Philip Frost – $2.4 billion
He is ranked 190th on Forbes’ list of billionaires, along with Dr. Randall Kirk. This physician earned his medical degree from Albert Einstein’s College of Medicine.
He earned a doctorate but did not practice medicine. Before accepting a position with Key Pharmaceuticals, he taught dermatology, where he developed generic brands and veterinary pharmaceuticals.
He later founded Ivax, sold it for about $8 billion, and now serves as chairman of the board of directors of Teva Pharmaceuticals.
He earns the remainder of his income as an investor in numerous large medical companies located worldwide.
5. Dr. Gary Michelson – $1.4 billion
Dr. Gray takes the fifth position on our list of the top 13 richest doctors in the world. He is also ranked 328 on Forbes’ list of billionaires.
Dr. Michelson graduated from Temple University and obtained his MD from Hahnemann Medical College. A sizable portion of his money stems from a 2005 settlement.
Dr. Michelson holds over 250 patents on medical equipment and sued Medtronic several years ago for unpermitted use of his spinal surgery patents, which resulted in a $1.35 billion award to the doctor.
However, he uses his money properly, establishing awards for medical advances and donating it to medical research.
6. Dr. Phil McGraw – $245 million
No rule states that the world has only one type of doctor. Anyone with a degree is entitled to use the term “Doctor,” and Dr. Phil McGraw is a psychologist.
While he is not performing surgery or using medical instruments other than a notebook and recorder, he is still a doctor.
With a net worth of more than $245 million, Dr. Phil is also one of the wealthiest doctors in the world.
He achieved success as a result of his numerous appearances on Oprah Winfrey’s television show, the subsequent launch of his talk show, and his books and appearances.
7. Dr. James Andrews – $100 million
Dr. James Andrews is a sports medicine and orthopedic surgeon at Andrews. He is the team physician for the Washington Redskins and is renowned for his work with some of the world’s most famous and skilled players.
Any athlete in need of surgery of any kind should contact Dr. James Andrews for a consultation to guarantee they receive the highest quality care possible.
Additionally, Dr. James serves as the team physician for NCAA teams like Auburn and Alabama.
Michael Jordan, Reggie Bush, Bo Jackson, and even Troy Aikman are among his notable clients.
8. Dr. Terry Dubrow – $30 million
The majority of people are familiar with Dr. Dubrow as a result of his appearances on The Real Housewives of Orange County with his wife, Heather Dubrow.
Dr. Dubrow is one of Orange County’s most renowned plastic surgeons, with a waiting list of at least six months for individuals seeking a little personal change.
His celebrity grew during his residency at UCLA. When FOX approached him about doing a reality television program called The Swan, where he would transform unattractive women into full beauties, he became even more renowned.
9. Dr. Leonard Hochstein – $20 million
There’s something to be said concerning Real Housewives’ husbands. Dr. Lenny Hochstein is a Miami-based plastic surgeon married to Lisa Hochstein, a Real Housewife of Miami.
He is one of the most prominent plastic surgeons in all of Miami, having practiced for more than 15 years.
Dr. Leonard was born in Russia and raised in the United States of America. He has conducted over 10,000 aesthetic procedures on men and women in Miami throughout his lengthy career.
People from all around the country come to him for his services.
10. Dr. Garth Fisher – $15 Million
Dr. Garth Fisher graduated from the University of Mississippi School of Medicine and completed his residency at the University of California.
He was formerly married to former Dancing with the Stars co-host Brooke Burke and the ex-wife of famed baseball star Jose Canseco, and he is one of Hollywood’s most prominent plastic surgeons.
Dr. Garth was the plastic surgeon on ABC’s Extreme Makeover, and he is also the doctor to many of the world’s wealthiest and most famous people.
His Beverly Hills practice focuses on plastic surgery, both aesthetic and reconstructive.
11. Dr. Robert Rey – $15 million
Dr. Robert Rey was born in Sao Paulo, Brazil, and received his doctorate from Tufts University School of Medicine.
Additionally, he holds a master’s degree from Harvard and has attended some of the country’s most famous universities.
He is a well-known Beverly Hills plastic surgeon who has appeared on more than 100 different television shows.
His most known appearance comes from his time on the popular reality television show Dr. 90210, when he co-starred with several other Beverly Hills plastic surgeons.
12. Dr. Paul Nassif – $14 million
Dr. Paul is a Beverly Hills plastic surgeon known for his distinctive features. His fame stems from his marriage to one of the country’s wealthiest ladies, Adrienne Maloof of the Maloof surname.
He appeared on The Real Housewives of Beverly Hills for numerous seasons alongside his estranged wife. He has also been on Dr. 90210 regularly.
His expertise is rhinoplasty, and he is one of Beverly Hills’ most prominent doctors. Women seeking nose surgery turn to Dr. Nassif for his immaculate and inventive surgical treatments.
13. Dr. Mehmet Oz – $14 million
Dr. Oz claims the last position on our list of the top 13 richest doctors in the world.
He is a television personality who gained popularity due to his numerous appearances on the Oprah Winfrey Show.
Although he is a cardiothoracic surgeon by trade, he is also a host, author, and television personality.
Dr. Oz accepted a position as a professor in the prominent school’s surgery department around the turn of the century.
Additionally, he previously held the position of director at the New York-Presbyterian Hospital’s Cardiovascular Institute.
He is credited with authoring more than 400 medical publications, books, and patented inventions throughout his lengthy career.
Medical doctors are critical in today’s world. Therefore, if you’re considering a career in medicine, reading this piece about the world’s top 13 richest doctors may be beneficial.