Richard J Stephenson Net Worth (Updated 2026).
Richard J. Stephenson, a name synonymous with entrepreneurship and innovation, began his career in the most unlikely of places – his family’s pharmacy. Born into a family of pharmacists, Stephenson spent his childhood learning the intricacies of the pharmaceutical industry. However, it was his time as a student at the University of Utah, where he earned his Ph.D. in Pharmacology, that truly ignited his passion for disrupting the traditional pharmaceutical model.
Stephenson’s rise to fame began in the late 1980s when he founded pharmaceutical giant, Medicis Pharmaceutical Corporation. At a time when the pharmaceutical industry was dominated by a few large corporations, Stephenson saw an opportunity to challenge the status quo. He focused on developing and marketing niche products, a strategy that proved highly successful. Under his leadership, Medicis grew rapidly, becoming a publicly traded company and eventually being acquired by Valeant Pharmaceuticals for $2.6 billion in 2012. This acquisition catapulted Stephenson into the limelight, establishing him as a prominent figure in the pharmaceutical industry.
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Richard J. Stephenson’s Current Net Worth (2025)
As of 2025, Richard J. Stephenson’s current net worth is estimated to be around $2.5 billion, according to Forbes. This figure reflects his extensive business ventures and investments over the years.
Career
Richard J. Stephenson is the founder and chairman of Cirrus Aircraft, a company he started in 1984. Under his leadership, Cirrus has grown into a leading manufacturer of high-performance piston aircraft. Prior to Cirrus, Stephenson worked in various roles in the aerospace industry.
Other Ventures
In addition to Cirrus Aircraft, Stephenson has invested in several other businesses. He is a co-founder and investor in Airware, a software company for drones, and has also invested in SpaceX, the aerospace manufacturer and space transportation company.
Assets
Stephenson’s assets include a significant stake in Cirrus Aircraft, as well as investments in other companies. He also owns a private hangar at the Duluth International Airport, where Cirrus Aircraft is headquartered. Stephenson is known to be a private person and the details of his real estate holdings are not publicly available.
Annual Income
As the majority owner and chairman of Cirrus Aircraft, Stephenson’s annual income is primarily derived from his compensation from the company. According to public records, his total compensation from Cirrus in 2020 was approximately $2 million. However, this figure does not include any dividends or other income from his investments in other companies.
Frequently Asked Questions about Richard J Stephenson
**Frequently Asked Questions: Richard J Stephenson Net Worth**
1. **What is Richard J Stephenson’s net worth?**
Richard J Stephenson’s net worth is estimated to be around $3 billion.
2. **How did Richard J Stephenson make his fortune?**
Stephenson made his fortune as the founder and former CEO of the global pharmaceutical company, Medicis Pharmaceutical Corporation.
3. **When was Medicis Pharmaceutical Corporation founded?**
Medicis Pharmaceutical Corporation was founded in 1983.
4. **What was Richard J Stephenson’s role at Medicis Pharmaceutical Corporation?**
Stephenson served as the CEO of Medicis Pharmaceutical Corporation from its founding until 2006.
5. **When did Medicis Pharmaceutical Corporation get acquired?**
Medicis Pharmaceutical Corporation was acquired by Valeant Pharmaceuticals in 2012.
6. **What is Richard J Stephenson’s involvement in horse racing?**
Stephenson is a prominent figure in horse racing, owning several successful thoroughbred racing stables, including Darby Dan Farm.
7. **What is Darby Dan Farm?**
Darby Dan Farm is a thoroughbred horse racing stable located in Lexington, Kentucky. It was founded by Richard J. Kleberg, Jr., and is now owned by Richard J. Stephenson.
8. **Has Richard J Stephenson received any notable awards or recognitions?**
Yes, Stephenson has received several awards, including the Eclipse Award for Outstanding Owner in 2005 and the Kentucky Derby’s E.P. Taylor Award in 2006.
9. **What is Richard J Stephenson’s involvement in philanthropy?**
Stephenson is known for his philanthropic efforts, particularly in the areas of healthcare and education. He has made significant donations to various institutions, including the Mayo Clinic and the University of Kentucky.
10. **Is Richard J Stephenson married?**
Yes, Richard J. Stephenson is married. However, details about his personal life, including his spouse’s name, are not widely publicized.
