Patrick Soon Shiong Net Worth (Updated 2026).

Written ByEmma C Hours Published on

Patrick Soon-Shiong, born in South Africa, began his medical journey at the University of the Witwatersrand, where he graduated with an MBBCh degree in 1975. He then moved to the United States, completing his residency and fellowship at UCLA Medical Center, specializing in general surgery and transplant surgery. It was during his time at UCLA that Soon-Shiong’s reputation began to grow, as he performed the first encapsulated islet cell transplant in the United States, a procedure that significantly improved the lives of diabetic patients.

In 1991, Soon-Shiong founded Vascular Genetics Inc., a biotechnology company focused on developing novel treatments for cancer. The company’s groundbreaking work in targeted cancer therapies brought Soon-Shiong significant recognition in the scientific community. In 1997, he sold Vascular Genetics to a subsidiary of Pfizer for $640 million, catapulting him into the public eye as a successful entrepreneur and innovator in the field of medicine.

**Patrick Soon Shiong’s Current Net Worth**

As of 2025, Patrick Soon Shiong’s net worth is estimated to be $15.5 billion, according to Forbes. This makes him one of the wealthiest individuals in the world.

**Career**

Born in South Africa, Soon Shiong immigrated to the U.S. and became a doctor. He then founded two successful biotechnology companies, Abraxis BioScience and NantKwest, which he later sold for billions. He is currently the chairman and CEO of NantWorks, a network of companies focused on cancer research and treatment.

**Other Ventures**

In addition to his biotech companies, Soon Shiong is also a media mogul. He purchased the Los Angeles Times in 2018 and has since invested in various other media outlets. He also has a stake in the Los Angeles Lakers basketball team.

**Assets**

Soon Shiong’s assets include a sprawling estate in Bel Air, California, valued at over $200 million. He also owns a private jet and a collection of luxury cars. His biotech companies hold numerous patents and intellectual property, which are among his most valuable assets.

**Annual Income**

While the exact figure is not public, it’s estimated that Soon Shiong’s annual income is in the hundreds of millions of dollars. This comes from his stakes in his biotech and media companies, as well as his investments and other ventures.

Frequently Asked Questions about  Patrick Soon Shiong

Frequently Asked Questions: Patrick Soon Shiong Net Worth

1. What is Patrick Soon Shiong’s net worth?

As of the latest estimates, Patrick Soon Shiong’s net worth is approximately $12 billion.

2. How did Patrick Soon Shiong make his fortune?

Patrick Soon Shiong made his fortune through his pharmaceutical company, NantKwest, and his investments in various biotechnology companies. He is also the owner of the Los Angeles Times and the San Diego Union-Tribune.

3. What is Patrick Soon Shiong’s background?

Patrick Soon Shiong was born in Port Elizabeth, South Africa, and moved to the United States in 1966. He is a physician by training and holds an M.D. from the University of Miami School of Medicine.

4. What are some of Patrick Soon Shiong’s philanthropic endeavors?

Patrick Soon Shiong has donated millions of dollars to various causes, including education, healthcare, and social justice. He has also established the Chan Soon Shiong Medical Center at Windber in Pennsylvania.

5. What is Patrick Soon Shiong’s connection to the Los Angeles Times?

Patrick Soon Shiong purchased the Los Angeles Times and the San Diego Union-Tribune in 2018, becoming their owner and publisher.

6. How old is Patrick Soon Shiong?

Patrick Soon Shiong was born on July 29, 1952, making him 69 years old.

7. What is Patrick Soon Shiong’s nationality?

Patrick Soon Shiong is a naturalized American citizen, having been born in South Africa.

8. What are some of the companies Patrick Soon Shiong has founded?

Patrick Soon Shiong has founded several companies, including NantKwest, a clinical-stage immunotherapy company, and NantHealth, a healthcare IT company.

9. What is Patrick Soon Shiong’s political affiliation?

Patrick Soon Shiong has donated to both Democratic and Republican candidates and causes, but he does not have a formal political affiliation.

10. What are some of Patrick Soon Shiong’s awards and recognitions?

Patrick Soon Shiong has received numerous awards and recognitions, including being named one of Time magazine’s 100 most influential people in the world in 2018 and being inducted into the American Academy of Arts and Sciences in 2019.

Hi, I’m Emma Chambers — writer, pop culture junkie, and full-time fangirl. I cover everything from red carpet drama to underrated indie gems, and I’m always on the lookout for the next big thing in entertainment. My blog is where I spill my thoughts, obsessions, and the occasional guilty pleasure. If you’re into celeb buzz, deep dives, and TV marathons, you’ll feel right at home here.