Gallery

Name

Phillip Frost

Primary Residence

Miami Beach, Florida

Education

Bachelor of Arts/Science, University of Pennsylvania | Medical Doctor, Yeshiva U Albert Einstein College of Medicine

Citizenship

United States

Forbes Self Made Score

Source Of Wealth

pharmaceuticals, Self Made

Net Worth

$1,700,000,000

Forbes Profile

https://www.forbes.com/profile/phillip-frost

Forbes 2019 Billionaires List Rank:

1168

Forbes Philanthropy Score

Forbes List Rank One: Title

#1168 Billionaires 2019

Forbes List Rank One: Link

https://www.forbes.com/billionaires/

Forbes List Rank Two: Title

#316 Forbes 400 2018

Forbes List Rank Two: Link

https://www.forbes.com/forbes-400/

Summary

A long-time health care investor, inventor and founder, Phillip Frost now runs diagnostics-maker Opko Health.In September 2018 the SEC accused him of participating in a "pump-and-dump" scheme that generated over $27 million from unlawful stock sales.Frost denied the allegations soon after in a personal statement. He settled with the SEC in December without admitting or denying the allegations. Frost and Michael Jaharis joined Key Pharmaceuticals in 1972, reformulated its asthma drug and sold the company in 1986 for $836 million.Frost founded Ivax, a generic drugmaker, in 1987. He sold it to Teva Pharmaceuticals for $7.6 billion in 2005.

Did you know?

Born during the Great Depression, Frost is the third son of a shoe-store owner from South Philadelphia.He and his wife, who have no children, have signed the Giving Pledge and have donated over $130 million to the University of Miami.

Age

Wikipedia

https://en.wikipedia.org/wiki/Phillip_Frost