2023-08-23 00:00:24
To be a “billionaire” it is required to have a net worth greater than one billion units of a currency.
The healthcare industry generates large amounts of money although the profits do not always go to the doctors.
Dr. Thomas Frist Jr., who is a co-founder of the HCA Healthcare hospital chain, tops the list of billionaire physicians.
One of the biggest health problems is that it is an area that does not always offer competent salaries to those in charge of caring for patients. At the same time, it is also a field in which you can grow professionally. With this in mind, there are some cases of billionaire doctors They have managed to raise large amounts of money.
According to the report 2023 Physician Compensation Report there are some specialties such as neurology and plastic surgery that stand out from the rest due to their high salaries. Although it is also important to note that a doctor can not only focus on patient care but can expand their work to other areas.
What does it take to be a billionaire?
A frequently heard term is “billionaire” and the simplest definition is that it is anyone with a net worth greater than one billion units of a currency.
The doctors and businessmen who gather great fortunes
With this parameter there are some billionaire doctors in the world. according to research 34 billionaires in US healthcarethe first in the list is the Dr. Thomas Frist Jr. He is the son of a renowned doctor in his native United States and is currently considered the richest person in Tennessee thanks to his fortune valued at 20.2 billion dollars.
Much of his fortune is due to the fact that in 1968 he co-founded HCA Healthcare along with his father. To date, it is one of the most successful healthcare chains in the world with 186 hospitals and around 2,000 clinics located in the United States and the United Kingdom.
On the other hand, the second position is for Carl Cook. He is an engineer by profession, although his professional life has been dedicated to medical innovation. In his case, he stands out for being the CEO of Cook Group, a company of technological devices for patient care. Currently your equity amounts to 10.2 billion dollars.
While the third rung is for Reinhold Schmidingwho is the son of a dentist and in 1981 founded the medical device company called Arthrcopy Excision Instruments which focused on the then emerging procedure known as arthroscopy. From this experience he decided to create Arthrex with which he has expanded his domain in this business. Based on the predictions it has a fortune of 7.7 billion dollars.
On the other hand, the fourth position is for Judy Faulkner. She is the founder of Epic Systems, a software company focused on healthcare. Due to her impact, she has come to be classified as “the most powerful woman in the healthcare industry”. To date she has a estate of 7.1 billion dollars.
To complete the top 5 billionaire doctors is Ronda Stryker. In her case, she is the daughter of Homer Stryker, who is the founder of the medical equipment manufacturer Stryker Corporation although now she is the director. According to forecasts, his current fortune is 6.9 billion dollars.
Also read:
Ranking of the medical specialties and subspecialties with the highest salaries (2023 edition)
Salary of doctors in Mexico: The 10 states that pay the best
The 8 millionaire doctors with more money in the world
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