How fast is the sector Healthcare Self-made Billioniares (SMB) growing?



Please see following table

	2013 Forbes Billionaire List (Total Number = 1426)	2016 Forbes Billionaire List (Total Number = 1810)
1	Investment 148 (10%)	Finance & Investment (15%)
2	Fashion & Retail 146 (10%)	Fashion & Retail (12%)
3	Real Estate 129  (9%)	Real Estate (9%)
4	Diversified 125 (9%)	Technology (9%)
5	Food & Beverage 100 (7%)	Manufacturing (9%)
6	Technology 95 (7%)	Diversified  (8%)
7	Manufacturing 88 (6%)	Food and beverage (8%)
8	Energy 83 (6%)	Healthcare (6%) 110
9	Finance 78 (5%)	Energy (4%)
10	Media 69 (5%)	Media (4%)

There are 2 big statistics. 

First, in 2013  Healthcare SMB was not in the top 10. 

In 2016, Healthcare SMB is now Top 8th,

Second, the percentage of self-made in Healthcare SMB is  90/110 or 82%

The self-made percentage of 82%  is much higher than the 67% self-made percentage.  
Just to clarify matter.  The self-made are those who starts from nothing.  The non-self-made are those who inherited their wealth. 

So, we are seeing the most explosive sector in the past 4 years.

The next 5 years and next 10 year, Healthcare SMB will likely to be even more important.

Do you have to found or create your own company to be a health-care self-made billionaires?

The answer is No: Here is an example in my coming eBook "90 Healthcare Self-made Billionaires"












John Brown 
Age 81  Net Worth $2.5 Billion  Forbes  8/2016
Citizen  US     Born  US 
Self-made in Medical Equipment,  was CEO of Stryker for 32 years (1976 to 2009)

EDUCATION    BS in Chemical Engineering , Auburn University  1957

Brief Bio
He was born to poor family and grew up in a farm in Tennessee during the depression.
In 1976, Lee Stryker, the 85 year old chairman and founder of Stryker, died of a plane accident while vacationing in Wyoming.  He took over as CEO. 

He lead Stryker to 20% annual profit growth.   When he retired, Stryker had sales of $9 Billion and 17,000 employees.   He still owns 5% of Stryker.   Under him Stryker grew from a hospital bed and stretcher company to a global leader in medical and precison equipments. 

John Brown proves you don't have to found a company to become super-wealthy.

Today I try to answer one question:
Do you need an MD and a PhD to become a healthcare self-made billionaire?

Let's take a look at Robert Duggan.  He is a college dropout that made it in healthcare with cancer drug.




Robert Duggan
Age 72  Net Worth $3.2B   Forbes 8/2016
Citizen US    Born US
Self-made in Cancer Drug

EDUCATION    Drop out  UC Santa Barbara
                           Drop out  UCLA

To kill two birds with one stone, I have here a bonus question:
How long does it take to become a healthcare self-made billionaires?

Answer: it could be as short as 12 year.
Mr Robert Duggan above offers a good example.
In 2004, his son died of cancer.  He knew nothing about cancer, but was determined to set all his heart and soul to the single purpose of combating cancer.   He shows that someone without a MD, without a PhD, without a college degree, could accomplish in a dozen years.

He had a blockbluster cancer drug called Imbruvica, a potent, blockbuster treatment for chronic lymphocytic leukemia that drug giant AbbVie coveted. Robert Duggan his biotech firm Pharmacyclics in May 2015 to AbbVie for $21 billion, earning $3.5 billion in cash and stock from the deal before taxes. 

At age 71, he became healthcare self-made billionaires.

He is the richest healthcare self-made billionaire in the United States.

He was born in South Africa.  He became a surgeon/professor at UCLA.  Then he founded 4 different drug companies. 


Patrick Soon-Shiong   MD
Age 64  Net Worth $11.9Billion Forbes 8/2016
Citizen  US   Born   Port Elizabeth, South Africa
Self-made in Pharmaceutical, founded 4 different companies since 1991.

 He invented  Abraxane that treats pancreaticcancer.  He said it took him 23 years.


EDUCATION   MD University of Witwatersrand
                            MS  University of British Columbia
                            UCLA  Resident Surgeon Training

I am writing eBook #15  "Zero to Billions: 90 Health Care Self-made Billionaires".

The richest in the world is Dilip Shangvi from India, only 60 year young.  And India is a powerhouse  for pharma giants. 

Shangvi, Dilip

Age 60  Net Worth  $17.3B  Forbes 8/2016

Citizen  India    Born India

Self-made in pharmaceutical,  founded Sun  Pharmaceutical Industries in 1981

EDUCATION  BS Calcutta U

There is only one  Russian Health Care Self-made Billionaire

Why are there so few?












Viktor Kharitonin 
Age 43   Net Worth $1.05B  Forbes 8/2016
Citizen Russia   Born Russia
Self-made in Pharmaceutical,

Education BS Novosibirsk State University

89  Health Care Self-made Billionaire

I am now writing eBook #15  "Zero to Billions: 89 Health Care Self-made Billionaires".
It is a huge topic.

Today I just completed the final list.  There are 89 of them in the world, 30 of them from China,
16 from the US and 12 from India.   65% of the world's health care self-made billionaires come from 3 countries.  The data is very skewed.

My other first impression.  The average age of 65.2 is exactly the world average.  The average net worth of $2.68B is about $1B less than the average. 

Rank	Last Name	First Name	Age	Net Worth	Sector	Country	Education
1	Shangvi	Dilip	60	$16.90	Pharmaceutical	India	BS Calcutta U
2	Soon-Shiong	Patrick	64	$11.60	Healthcare	US	MD U of Witwatersrand
3	Frist	Thomas	79	$8.00	Healthcare	US	MD Washington U
4	Marguere	Wolfgang	76	$6.00	Plasma	Germany	MBA at INSEAD
5	Wyss	Hansjeorg	81	$6.10	Healthcare, Medical Devices	Swiss	MBA Harvard U
6	Sherman	Bernard	74	$5.40	Pharmaceutical	Canada	PhD MIT
7	Fielman	Guenther	76	$5.30	Optometry	Germany	Optometrist Cert
8	Gupta	Desh Bandhu	78	$5.20	Pharmaceutical	India	MS Bombay U
9	Broerman	Bernard	72	$4.80	Hospital	Germany	MBA Harvard U
10	Schmieding	Reinhold	61	$4.40	Medical Device	US	BS Michigan State U
11	Lim	Sungki	76	$4.20	Pharmaceutical	South Korea	BS Chung-An U
12	Sun	Piaoyang	63	$4.10	Pharmaceutical	China	PhD Nanjing U
13	Frost	Philip	79	$4.00	Pharmaceutical	US	MD Yeshiva U
14	Filho	Jorge	71	$3.70	Hospital	Brazil	MPA, Universidade Federal do Rio de Janeiro
15	Ye	Chenghai	74	$3.70	Pharmaceutical	Hong Kong	BA Remin U
16	Kirk	Randall	62	$3.50	Pharmaceutical	US	JD UVA
17	Haong	Khieu	68	$3.30	Blood Plasma	US	High School
18	Fraisse	Bernard	59	$3.30	Pharmaceutical	France	BS Mechanical Eng
19	Katz	Darrel	54	$3.30	Pharmaceutical	Canada	JD U Alberta
20	Struengmann	Andreas	66	$3.20	Pharmaceutical	Germany	MD U of Buffalo
21	Struengmann	Thomas	66	$3.20	Pharmaceutical	Germany	MBA U of Augsburg
22	Duggan	Robert	72	$3.20	Pharmaceutical	US	BA UCLA
23	Mueller	Erwin	83	$3.10	Drug Store	Germany	No High School
24	Reddy	Ramprashad	58	$3.10	Pharmaceutical	India	High School or Less ??
25	Prasarttong-Osoth		83	$3.00	Hospital	Brazil	BS Siriraj Medical School
26	Ke	Zunhong	62	$3.00	Pharmaceutical	China	High School
27	Lehmann	Guenther	75	$3.10	Drug Store	Germany	High School or Less
28	Kyostila	Heikki	70	$2.80	Dental ??	Finland	High School or Less
29	De Godoy Bueno	Edson	72	$2.70	Hospital	Brazil	MD Universidade Federal do Rio de Janeiro
30	Faulkner	Judy	72	$2.60	Healthcare Database	US	MS U of Wisconsin
31	Chen	Bang	50	$2.60	Hospital	China	High School or Less
32	Brown	John	81	$2.50	Medical Device	US	BS Auburn U
33	Divi	Murali	65	$2.50	Pharmaceutical	India	PhD Kakatiya University
34	Li	Li	52	$2.50	Phar	China	BS Sichuan U
35	Seo	Jung-Jin	58	$2.50	Biotech	SKorea	MS Konkuk U
36	Rossman	Dirk	69	$2.40	Drug Store	Germany	No High School
37	Cao	Longxiang	58	$2.40	Pharmaceutical	China	High School or Less
38	Kapoor	John	64	$2.30	Drugs	India	MD U of Buffalo
39	Jiang	Rensheng	62	$2.30	Vaccine	China	AB Guilin Medical U
40	Wu	Guangming	54	$2.20	Medical Equipment	China	High School or Less
41	Chudgar	Hasmukh	82	$2.10	Pharmaceutical	India	BS Gujarat U
42	Singh	Samprada	89	$2.00	Pharmaceutical	India	BA Patna U
43	Rahr	Stewart	70	$2.00	Drug Distribution	US	BS NYU
44	Lam	Kong	52	$2.00	Drug Distribution	China	BS Guangdong Medical College
45	Martin	Gilles	52	$1.99	Lab Testing	France	PhD Syracuse U
46	Ravoti	Luigi	88	$1.97	Pharma	Italy
47	Shetty	BR	74	$1.96	Healthcare	India	High School or Less
48	Xu	Jingren	71	$1.95	Medical Device	China	High School or less
49	Lei	JuFang	63	$1.92	Pharmaceutical	China	BS Xian Jiatong U
50	Preston	Forrest	83	$1.83	Senior Home	US	BS Oregon State U
51	An	Kang	67	$1.81	Phar	China	BA Henan Normal U
52	Coutu	Jean	89	$1.81	Pharmaceutical	Canada	BS  U of Montreal
53	Shaui	Fangwen	50	$1.80	Pharma	China	BA Huanan Agricultural U
54	Denegri	Gustavo	80	$1.79	Pharma	Italy
55	Ragon	Philip	67	$1.78	Health IT	US	BS MIT
56	Fang	Tonghua	53	$1.74	Pharmaceutical	cHINA	BS Harbin Institute of Technoology
57	Mazumdar Shaw	Karin	63	$1.67	Bio-tech	India	MS Melbourne U
58	Jiang	Wei	54	$1.66	Pharmaceutical	China	High School
59	Mehta	Satish	65	$1.64	Pharma	India
60	Patterson	Neal	66	$1.64	Health IT	US	MBA Oklahoma State
61	Uno	Msateru	69	$1.60	Drugstore	Japan	High School or Less
62	Hu	Kaijin	54	$1.60	Pharma	China
63	Michelson	Gary	67	$1.60	Patent	US	MD Hahnemann Medical College
64	Liang	Yunchao	47	$1.59	Health Supplment	China	BS   Zhongnan U
65	Zhu	Baoguo	54	$1.66	Pharmaceutical	China	BA Henan Normal U
66	Que	Wenb	53	$1.54	Pharmaceutical	China	High School or Less
67	Moopen	Azad	63	$1.54	Healthcare	India	MD Calcutta Medical College
68	Juneja	Ramesh	61	$1.50	Pharma Mankind	India	High School or Less
69	Schleifer	Leonard	64	$1.49	Pharma	US
70	Helmig	Lutz Mario	69	$1.46	Pharma	Germany
71	Aydinlar	Mehmet	60	$1.39	Hospital	Turkey	BA  U Marmara
72	Kang	An	67	$1.30	Pharma	China
73	Arkin	Mori	62	$1.25	Phar	Israel	High School or Less
74	Chen	Xiangfei	47	$1.20	Pharma	China
75	Wu	Yilin	66	$1.20	Pharma	China
76	Coucke	Marc	51	$1.20	Pharma	Belgium
77	Liu	Baolin	63	$1.18	Phar Drug Dist	China	High School or less
78	Martin	John	65	$1.16	Pharma	US
79	Li	Tan	51	$1.14	Phar	China	BS Sichuan U
80	Loo	Choon Yong	67	$1.10	Healthcare	Singapore	MD U of Singapore
81	Li	Yihai	53	$1.10	Phar	China	BA Jiangxi Normal University
82	Chen	Haibin	47	$1.10	Healthcare	China	BA Shanghai Science and Technology University
83	Liu	Dianbo	51	$1.10	Pharma	China	High School
84	Shin	Dong-guk	66	$1.10	Phar	SKorea	High School or Less
85	Hua	Guande	72	$1.10	Pharma	China
86	Tse	Ping	64	$1.09	Pharmaceutical	China	BA U of Penn
87	Kharitonin	Viktor	43	$1.05	Pharma	Russi
88	Wang	Junmin	47	$1.00	Pharma	China
89	Xiu	Laigui	62	$1.00	Pharma	China
		Total	5802	$238.40
		Average	65.19	2.68