Julio Palmaz Net Worth (Updated 2026).
Julio Palmaz, born in Argentina, began his medical journey at the University of Buenos Aires, where he graduated with a degree in medicine. After completing his residency in Argentina, he moved to the United States to further his education and career. It was during his fellowship at the University of California, San Diego that Palmaz’s innovative spirit was ignited.
While working at the university’s medical center, Palmaz was struck by the limitations of traditional angioplasty procedures. Seeing an opportunity to improve patient outcomes, he dedicated himself to developing a new, more effective method. This dedication led to the creation of the Palmaz-Schatz Stent, a revolutionary device that would forever change the field of cardiology.
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Julio Palmaz’s Current Net Worth (2025)
As of 2025, Julio Palmaz’s estimated net worth is $1.2 billion. This significant figure reflects his successful career and entrepreneurial ventures.
Career
Julio Palmaz is renowned for inventing the Palmaz-Schatz stent, a revolutionary medical device used in angioplasty procedures. He co-founded several companies, including Cordis Corporation, to commercialize his inventions. His career spans over three decades, filled with innovations and accolades in the medical device industry.
Other Ventures
Beyond his medical innovations, Palmaz has invested in various industries. He is a venture capitalist, focusing on healthcare and technology startups. Additionally, he serves as a mentor and advisor to entrepreneurs, sharing his expertise and experience to foster innovation.
Assets
Palmaz’s assets include stakes in several successful companies, patents for his inventions, and real estate investments. He owns properties in California and Texas, reflecting his roots in the United States. His primary residence is a luxurious estate in San Diego, California.
Annual Income
While his exact annual income is not publicly disclosed, Palmaz’s earnings come from various sources. These include royalties from his patents, dividends from his investments, and his salary as a board member and advisor to several companies. His annual income is estimated to be in the tens of millions of dollars.
Frequently Asked Questions about Julio Palmaz
**Q1: What is Julio Palmaz’s net worth?**
Julio Palmaz’s net worth is estimated to be around $500 million.
**Q2: How did Julio Palmaz make his fortune?**
Julio Palmaz made his fortune as a physician and inventor. He is best known for inventing the Palmaz-Schatz stent, a device used to treat coronary artery disease.
**Q3: What is the Palmaz-Schatz stent?**
The Palmaz-Schatz stent is a small mesh tube used to treat narrowed or weakened arteries. It was the first stent approved by the FDA for use in the United States.
**Q4: When was the Palmaz-Schatz stent invented?**
The Palmaz-Schatz stent was invented in 1987 by Julio Palmaz and Richard Schatz.
**Q5: What other inventions has Julio Palmaz made?**
In addition to the Palmaz-Schatz stent, Julio Palmaz has been granted over 50 patents for various medical devices and technologies.
**Q6: Where was Julio Palmaz born?**
Julio Palmaz was born in Argentina.
**Q7: When was Julio Palmaz born?**
Julio Palmaz was born on January 26, 1945.
**Q8: Where did Julio Palmaz study medicine?**
Julio Palmaz studied medicine at the University of Buenos Aires in Argentina.
**Q9: What awards has Julio Palmaz received?**
Julio Palmaz has received numerous awards for his contributions to medicine, including the National Medal of Technology and Innovation, the highest honor awarded by the U.S. government for technological achievement.
**Q10: Is Julio Palmaz still active in medicine?**
Yes, Julio Palmaz continues to be active in medicine and medical research. He is currently a professor of medicine at the University of Texas Health Science Center at San Antonio.
