Fred Lampropoulos Net Worth (Updated 2026).

Fred Lampropoulos, a name that has become synonymous with innovation and success in the medical device industry, began his career in an unconventional manner. Born and raised in Chicago, Lampropoulos didn’t initially set out to become an entrepreneur in the medical field. Instead, he started his professional journey as a sales representative for a small medical device company. It was during this time that he recognized a gap in the market for a specific type of medical device, sparking the idea that would eventually lead to his groundbreaking invention.

Lampropoulos’s big break came in 1989 when he founded his own company, Ev3 Inc., with a mere $10,000 investment. His initial product, a novel stent delivery system, was designed to improve the treatment of peripheral artery disease. This innovative device revolutionized the industry, offering a less invasive and more effective solution compared to existing methods. The success of this product catapulted Ev3 Inc. into the spotlight, attracting significant investment and rapid growth.

Fred Lampropoulos’ Net Worth in 2025

As of 2025, Fred Lampropoulos’ net worth is estimated to be around $3.5 billion, according to Forbes. This significant wealth is primarily attributed to his successful career as a businessman and entrepreneur.

Career

Fred Lampropoulos is the founder and CEO of Merit Medical Systems, a global medical device company. He started the company in 1989 and has since grown it into a multi-billion dollar business. Lampropoulos is known for his innovative approach to medical device design and his commitment to improving patient care.

Other Ventures

In addition to Merit Medical Systems, Lampropoulos has invested in several other healthcare and technology companies. He is also a philanthropist, donating to various causes, including education and medical research. His charitable efforts are often focused on improving healthcare access and quality in underserved communities.

Assets

Lampropoulos’ assets include his majority stake in Merit Medical Systems, as well as real estate investments and other financial assets. He also owns a private jet and a luxury home in Utah, reflecting his success and status as a prominent businessman.

Annual Income

As the CEO of Merit Medical Systems, Lampropoulos’ annual income is substantial. In 2020, his total compensation was reported to be around $10 million, including salary, stock awards, and other forms of compensation. However, this figure can vary year to year depending on the company’s performance.

Frequently Asked Questions about  Fred Lampropoulos

Frequently Asked Questions about Fred Lampropoulos

1. What is Fred Lampropoulos’ net worth?

Fred Lampropoulos’ net worth is estimated to be around $1.5 billion.

2. How did Fred Lampropoulos make his fortune?

Fred Lampropoulos made his fortune by founding and building Merit Medical Systems, a global medical device company.

3. When was Merit Medical Systems founded?

Merit Medical Systems was founded in 1987.

4. What is Fred Lampropoulos’ role at Merit Medical Systems?

Fred Lampropoulos serves as the Executive Chairman of the Board at Merit Medical Systems.

5. Where is Fred Lampropoulos based?

Fred Lampropoulos is based in South Jordan, Utah, USA.

6. What is Fred Lampropoulos’ educational background?

Fred Lampropoulos holds a Bachelor of Science degree in Engineering from the University of Utah.

7. What are some of the philanthropic causes Fred Lampropoulos supports?

Fred Lampropoulos and his wife, Donna, have been involved in various philanthropic causes, including supporting education, healthcare, and community development initiatives in Utah.

8. Has Fred Lampropoulos received any awards or recognitions?

Yes, Fred Lampropoulos has received several awards and recognitions, including being inducted into the Utah Business Hall of Fame and being named Entrepreneur of the Year by Ernst & Young.

9. What is Fred Lampropoulos’ age?

Fred Lampropoulos was born on January 1, 1952, making him 71 years old.

10. What is Fred Lampropoulos’ political affiliation?

Fred Lampropoulos is a registered Republican.