What you need to know about the forces reshaping our industry.


April 14, 2022

The health care leaders on Forbes' 'World's Billionaires List' for 2022

Daily Briefing

    Forbes released its 'World's Billionaires List' for 2022, which includes 32 U.S. billionaires who made their fortunes in the health care industry.

    Forbes' 36th annual ranking of the world's billionaires identified 2,668 individuals—87 fewer than last year's rankings. In total, 2022's billionaires are worth a collective $12.7 trillion—a $400 billion decrease from 2021. 

    According to Forbes, the "war, pandemic, and sluggish markets," had an impact on billionaires this year.

    The 'Most Influential’ health care leaders, according to TIME

    Overall rankings

    Overall, the wealthiest billionaires on Forbes' list are:

    1. Elon Musk, co-founder and CEO and founder of SpaceX and Tesla, with $219 billion

    2. Jeff Bezos, Amazon founder and executive chair, with $171 billion

    3. Bernard Arnault, founder, CEO, and chair of LVMH, and his family, with $158 billion

    Billionaires in the health care industry

    Forbes divided the billionaires on its list into several categories, including those whose fortunes were made primarily in the health care industry. The health care list did not include billionaires who made their fortunes in other industries but who have since ventured into health care, such as Bezos.

    The U.S. billionaires included in Forbes' health care category, in order of 2022 net worth, are:

    73. Thomas Frist Jr. and family, co-founder of Hospital Corp. of America, with $21.8 billion

    177. Carl Cook, CEO of medical device manufacturer Cook Group, with $11.1 billion

    235. Li Ge, cofounder and chair of WuXi AppTec, a global research and development and manufacturing services company that provides support to the pharmaceutical, biotech, and medical device industries, with $8.8 billion

    324. Patrick Soon-Shiong, who invented Abraxane, a drug used to fight pancreatic cancer, with $7.3 billion

    330. Reinhold Schmieding, founder of orthopedic surgical tools company, Arthrex, with $7.2 billion

    363. Ronda Stryker, director of medical equipment and software company Stryker Corp., with $6.8 billion

    490. John Brown, who ran Stryker Corp. for 32 years before stepping down as chair in 2009, with $5.4 billion

    687. Jon Stryker, whose grandfather founded Stryker Corp., with $4.2 billion

    728. Hao Hong, chairman of Asymchem Laboratories, which provides pharmaceutical outsourcing services, with $4 billion

    984. Pat Stryker, founder of Bohemian Foundation, which supports music, community, global, and civic programs, and whose grandfather founded Stryker Corp., with $3.1 billion

    1238. Stewart Rahr, who expanded pharmaceutical distributor Kinray, before selling it to Cardinal Health in 2021 for $1.3 billion, with $2.5 billion

    1292. Jeff Tangney, who cofounded Doximity, which is often referred to as a "LinkedIn for Doctors," with $2.4 billion

    1341. Osman Kibar, founder and CEO of biotech firm Samumed, with $2.3 billion

    1397. Phillip Frost, a long-time health care investor and founder, who now runs diagnostics-maker Opko Health, with $2.2 billion

    1445. Alice Schwartz, who launched Bio-Rad Laboratories with her husband in 1952, with $2.1 billion

    1445. Timothy Springer, Harvard Medical School immunologist and professor of biological chemistry and molecular pharmacology, with $2.1 billion

    1445. Amy Wyss, whose father founded Synthes, a medical equipment firm where she worked for years, with $2.1 billion

    1513. Robert Duggan, an entrepreneur who led the 2015 sale of biotech firm Pharmacyclics to AbbVie for $21 billion in cash and stock, with $2 billion

    1645. Gary Michelson, a retired orthopedic and spinal surgeon with more than 340 U.S. patents for orthopedic and spinal surgery instruments, with $1.8 billion

    1645. David Paul, Globus Medical founder and executive chair, with $1.8 billion

    1729. Noubar Afeyan, Flagship Pioneering founder and CEO, with $1.7 billion

    1729. Keith Dunleavy and family, founder of cloud-based health care data analytics company Inovalon, with $1.7 billion

    1729. Janes Leininger, also known as "Doctor Jim," who founded medical devices company Kinetic Concepts, with $1.7 billion

    1818. Randal Kirk, chair of venture capital and private equity firm Third Security LLC, with $1.6 billion

    1818. Robert Langer, a scientist and professor at the Massachusetts Institute of Technology, who leads the Langer Lab, with $1.6 billion

    1929. Alan Miller and family, Universal Health Services founder, with $1.5 billion

    2076. George Yancopoulos, Regeneron chief scientific officer, with $1.4 billion

    2190. Forrest Preston, founder of Life Care Centers of America, with $1.3 billion

    2190. August Troendle, Medpace president and CEO, with $1.3 billion

    2324. Leonard Schleifer, Regeneron cofounder and CEO, with $1.2 billion

    2448. Lou Boliang, Pharmaron cofounder and chair, with $1.1 billion

    2448. John Oyler, cofounder and CEO of biotech company BeiGene, with $1.1 billion

    (Forbes 2022 "World's Billionaires List," accessed 4/13; Henderson, MedPage Today, 4/12)

    Learn more: 16 things CEOs need to know in 2022


    This executive briefing examines which structural shifts are most important, how those shifts might play out, what steps leaders can take to inflect the direction and pace of change, and how the Covid-19 crisis has shifted the dynamics of power and influence across the industry.

    Learn the top 16 insights about the state of the health care industry in the wake of the Covid-19 pandemic.

    Download Now

    Have a Question?


    Ask our experts a question on any topic in health care by visiting our member portal, AskAdvisory.