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Patrick Soon-Shiong

Patrick Soon-Shiong

Born 1952 · Age 73

South African–American transplant surgeon, medical researcher, entrepreneur and biotech investor; inventor of Abraxane; founder of NantWorks; owner of the Los Angeles Times; minority owner of the Los Angeles Lakers.

Total Events
65
Career Span
73 years
Peak Net Worth
$11,300,000,000

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Life & Career Timeline

1952Age 0

Born in Port Elizabeth, South Africa

Born to Chinese immigrant parents (Hakka) in Port Elizabeth in the then Union of South Africa.

7/29/1952Source
Confidence
99%
1968Age 16

Entered university

Began medical studies early — entered university at age 16 (per biographical accounts).

1/1/1968Source
Confidence
60%
1975Age 23

Graduated MBBCh, University of the Witwatersrand

Received bachelor of medicine (MBBCh) at age 23, graduating near top of class (4th of 189).

1/1/1975Source
Confidence
98%
1975Age 23

Medical internship at Johannesburg General Hospital

Completed medical internship at Johannesburg General Hospital; was among the first Chinese interns permitted to practice there during apartheid.

1/1/1975Source
Confidence
90%
1976Age 24

Worked at Baragwanath Hospital during Soweto unrest

Volunteered to treat injured students during the Soweto uprising and worked in TB clinics, formative experience influencing later philanthropy.

1/1/1976Source
Confidence
80%
1977Age 25

Married Michele B. Chan and moved to Canada

Married Michele Chan and emigrated to Canada to continue training.

1/1/1977Source
Confidence
95%
1979Age 27

Earned MSc, University of British Columbia

Completed a Master of Science degree at the University of British Columbia (master's thesis dated October 1979).

1/1/1979Source
Confidence
95%
1980Age 28

Moved to the United States for surgical training

Relocated to Los Angeles to follow mentor and begin surgical residency/training at UCLA.

1/1/1980Source
Confidence
95%
1983Age 31

Joined UCLA Medical School faculty

Appointed Assistant Professor of Surgery and Assistant Professor of Medicine at UCLA (served on faculty 1983–1991).

1/1/1983Source
Confidence
98%
1984Age 32

Board certified surgeon and associate investigator role

Became board-certified (American Board of Surgery) and served 1984–1987 as an associate investigator at the Center for Ulcer Research and Education.

1/1/1984Source
Confidence
95%
1987Age 35

Performed first whole-pancreas transplant at UCLA (and West Coast milestone)

Credited with performing UCLA's/West Coast's first whole-organ pancreas transplant (dates vary between late 1980s–early 1990s across sources).

1/1/1987Source
Confidence
80%
1991Age 39

Left UCLA to found VivoRx Inc.

Departed academia for industry and founded a diabetes and cancer biotechnology firm, VivoRx.

1/1/1991Net Worth: $500,000Source
Confidence
90%
1993Age 41

Performed first encapsulated human islet transplant

Performed the world's first encapsulated-human-islet transplant and also reported pig-to-human islet-cell transplant in diabetic patients.

1/1/1993Net Worth: $1,000,000Source
Confidence
88%
1995Age 43

Invented Abraxane (first human protein nanoparticle chemotherapy)

Devised the albumin-bound nanoparticle formulation of paclitaxel (Abraxane) designed to improve tumor delivery.

1/1/1995Net Worth: $2,000,000Source
Confidence
90%
1997Age 45

Founded APP Pharmaceuticals (American Pharmaceutical Partners)

Founded APP Pharmaceuticals and reportedly held ~80% of outstanding stock; grew injectable generics business.

1/1/1997Net Worth: $5,000,000Source
Confidence
90%
1998Age 46

Purchased Fujisawa injectable generics business

Acquired Fujisawa business that sold injectable generic drugs; step in building APP and manufacturing capabilities.

1/1/1998Net Worth: $10,000,000Source
Confidence
80%
1998Age 46

Founded (or led) Abraxis BioScience (developed Abraxane commercially)

Led/company formed that developed Abraxane into a commercial oncology product (sources date Abraxis activities in late 1990s–2000s).

1/1/1998Net Worth: $20,000,000Source
Confidence
75%
2005Age 53

Abraxane approved by FDA for metastatic breast cancer

Abraxane (albumin-bound paclitaxel) received FDA approval for metastatic breast cancer (first major regulatory approval).

1/1/2005Net Worth: $100,000,000Source
Confidence
95%
2007Age 55

Founded NantHealth

Started NantHealth to provide fiber-optic, cloud-based data infrastructure for healthcare information sharing.

1/1/2007Net Worth: $250,000,000Source
Confidence
90%
2008Age 56

Sold APP to Fresenius for $4.6 billion

APP Pharmaceuticals was acquired by Fresenius AG for up to $4.6 billion; Soon-Shiong reportedly owned ~80% at sale.

7/1/2008Net Worth: $2,000,000,000Source
Confidence
90%
2009Age 57

Underwrote guarantee for Martin Luther King Jr. Community Hospital project

Provided a crucial financial guarantee (reported $100M guarantee contingent on county default) to help enable the building/opening of Martin Luther King Jr. Community Hospital (hospital opened 2015).

1/1/2009Net Worth: $1,800,000,000Source
Confidence
80%
2009Age 57

Returned to UCLA as professor (circa 2009)

After time in industry, returned to UCLA in 2009 as professor of microbiology, immunology, molecular genetics and bioengineering and executive director of Wireless Health Institute roles around this period.

1/1/2009Net Worth: $1,500,000,000Source
Confidence
90%
2010Age 58

Named Business Person of the Year (Los Angeles Business Journal)

Recognized by the Los Angeles Business Journal as Business Person of the Year (2010).

1/1/2010Net Worth: $3,500,000,000Source
Confidence
90%
2010Age 58

Sold Abraxis to Celgene (cash-and-stock deal)

Abraxis BioScience was acquired by Celgene in 2010 (deal value reported between ~$2.9B and ~$3.8B); Soon-Shiong reportedly made ~$533M profit from the deal.

1/1/2010Net Worth: $3,000,000,000Source
Confidence
85%
2010Age 58

Purchased minority stake in Los Angeles Lakers

Became a minority owner of the Los Angeles Lakers (bought Magic Johnson's reported ~4.5% stake).

1/1/2010Net Worth: $3,200,000,000Source
Confidence
90%
2011Age 59

Acquired/led California NanoSystems Institute and NASA research collaborations (ongoing)

During UCLA years and later, led CNSI development and participated in NASA-sponsored stem cell/nanotechnology research (including shuttle program experiments).

1/1/2011Net Worth: $3,000,000,000Source
Confidence
85%
2011Age 59

Visiting professor at Imperial College London

Held visiting professorship at Imperial College London (recorded in 2011).

1/1/2011Net Worth: $3,350,000,000Source
Confidence
90%
2011Age 59

Acquired National LambdaRail (NLR) fiber network

Purchased the National LambdaRail to integrate supercomputing data centers and support genomic/AI infrastructure (later evolved to MOX Networks).

1/1/2011Net Worth: $3,350,000,000Source
Confidence
85%
2011Age 59

Founded NantWorks LLC

Established NantWorks as an ecosystem of healthcare, biotech and AI companies to converge computing, networking and life sciences.

9/1/2011Net Worth: $3,300,000,000Source
Confidence
95%
2013Age 60

Founded NantOmics

Started NantOmics to develop cancer drugs and protein kinase inhibitors; subsidiary of NantWorks.

1/1/2013Net Worth: $3,400,000,000Source
Confidence
90%
2013Age 60

Early investor in Zoom Video Communications

Reported as an early investor in Zoom in 2013.

1/1/2013Net Worth: $3,500,000,000Source
Confidence
80%
2014Age 62

Invested $2.5M in AccuRadio

NantWorks invested $2.5 million in AccuRadio (digital radio service).

9/1/2014Net Worth: $3,600,000,000Source
Confidence
95%
2015Age 63

Met with Joe Biden to discuss cancer initiatives

Met with then-former VP Joe Biden in 2015 to discuss a large genomic sequencing project and ideas that influenced the U.S. 'Cancer Moonshot'.

1/1/2015Net Worth: $3,800,000,000Source
Confidence
90%
2015Age 63

Bought Cynviloq rights from Sorrento (NantPharma deal)

NantPharma agreed to buy Cynviloq for $90M upfront plus >$1B in regulatory/sales milestones (later litigation/controversy over development choices).

1/1/2015Net Worth: $3,800,000,000Source
Confidence
88%
2015Age 63

Reported $148M pay package from NantKwest for 2015

Los Angeles Times reported Soon-Shiong received nearly $148 million compensation from NantKwest in 2015.

1/1/2015Net Worth: $4,050,000,000Source
Confidence
90%
2015Age 63

Returned public involvement in media and civic causes

Increased philanthropic and civic investments in Los Angeles area hospitals, community institutions, and the press; further philanthropic commitments leading to Giving Pledge membership (date of pledge reported but unspecified).

1/1/2015Net Worth: $4,000,000,000Source
Confidence
70%
2015Age 63

NantKwest IPO (biotech IPO valued at $2.6B)

Initiated an IPO for NantKwest (formerly ConkWest) with a market value at listing reported around $2.6 billion.

7/1/2015Net Worth: $3,900,000,000Source
Confidence
85%
2016Age 63

Patent and publications milestone (circa 2016)

Biographical sources circa 2016 cited he had published over 100 scientific papers and held more than 400 patents worldwide.

1/1/2016Net Worth: $4,200,000,000Source
Confidence
85%
2016Age 63

Announced Cancer Breakthroughs 2020 initiative

Launched a collaboration (Cancer Breakthroughs 2020) to accelerate combination immunotherapy trials and individualized cancer vaccine development.

1/1/2016Net Worth: $4,100,000,000Source
Confidence
92%
2016Age 64

Launched the National Immunotherapy Coalition

Early-2016 effort to encourage rival pharmaceutical companies to collaborate on combination cancer treatments.

1/1/2016Net Worth: $4,250,000,000Source
Confidence
90%
2016Age 63

Received Franklin Institute Bower Award (2016)

Awarded the Franklin Institute Bower Award/Leadership in recognition of contributions to digital medical technology and cancer treatment advancement.

4/1/2016Net Worth: $4,200,000,000Source
Confidence
98%
2016Age 63

Received Pontifical Key Visionary Award (Vatican)

Honored at the Vatican with the Pontifical Key Visionary Award recognizing medical innovation with global impact.

4/1/2016Net Worth: $4,200,000,000Source
Confidence
90%
2017Age 65

Smithsonian invited him and wife to be part of permanent exhibit

He and his wife were included in the National Museum of American History exhibit 'Many Voices, One Nation'.

1/1/2017Net Worth: $4,350,000,000Source
Confidence
90%
2017Age 65

Chan Soon-Shiong NantHealth Foundation scrutiny

Politico reported in 2017 that the Chan Soon-Shiong NantHealth Foundation had spent significant funds on organizations he controlled, leading to an audit and critique about procurement/grant practices.

1/1/2017Net Worth: $4,300,000,000Source
Confidence
85%
2017Age 64

Met with President-elect Donald Trump at Bedminster

Met with Trump during transition to discuss national medical priorities (reported Jan 2017).

1/10/2017Net Worth: $4,300,000,000Source
Confidence
90%
2017Age 64

Appointed to Health Information Technology Advisory Committee

Named by House Speaker Paul Ryan to the HHS Health Information Technology Advisory Committee (established by the 21st Century Cures Act).

5/1/2017Net Worth: $4,300,000,000Source
Confidence
95%
2018Age 65

Reached deal to buy the Los Angeles Times and San Diego Union-Tribune

NantCapital announced a deal to purchase the Los Angeles Times and the San Diego Union-Tribune from Tronc Inc. for nearly $500M plus assumption of ~$90M in pension obligations.

2/1/2018Net Worth: $4,300,000,000Source
Confidence
95%
2018Age 65

Sale of Los Angeles Times closed

Closing date for the acquisition of Los Angeles Times and San Diego Union-Tribune (deal closed June 18, 2018).

6/18/2018Net Worth: $4,200,000,000Source
Confidence
95%
2018Age 66

NantEnergy announced zinc–air battery development

Announced a zinc–air battery with projected cost of $100/kWh, undercutting standard lithium-ion costs.

9/1/2018Net Worth: $4,300,000,000Source
Confidence
85%
2019Age 67

Increased stake in Directa Plus (graphene firm)

Reported investor in Directa Plus and owning a 28% stake of the European graphene-based technology company.

1/1/2019Net Worth: $4,500,000,000Source
Confidence
85%
2020Age 68

Nant/Immunity teams developed COVID-19 vaccine candidates

His teams devoted efforts to a vaccine intended to induce both antibody and T-cell responses; pre-clinical NHP studies showed protection per company statements.

1/1/2020Net Worth: $4,700,000,000Source
Confidence
80%
2021Age 69

Announced $29M investment in NantRenewables bioplastics plant

Announced a $29 million investment to open a biorenewables/bioplastics facility at SeaPoint in Savannah, Georgia.

1/1/2021Net Worth: $4,800,000,000Source
Confidence
90%
2021Age 68

ImmunityBio and NantKwest completed merger

Merged publicly traded NantKwest with privately held ImmunityBio; new public company traded under IBRX (ImmunityBio, Inc.).

3/9/2021Net Worth: $4,600,000,000Source
Confidence
90%
2021Age 69

ImmunityBio COVID vaccine reached Phase III trials in South Africa

By summer 2021 ImmunityBio had a T-cell-inducing universal booster that reached Phase III trials in South Africa, per company statements.

7/1/2021Net Worth: $4,700,000,000Source
Confidence
75%
2021Age 69

Announced NantSA venture with President Cyril Ramaphosa

Announced NantSA to expand vaccine development/manufacturing capability for Sub-Saharan Africa; signed collaborations with CSIR, SAMRC and CERI.

9/1/2021Net Worth: $4,800,000,000Source
Confidence
90%
2022Age 69

Opened vaccine manufacturing facility/campus in Cape Town

Opened new NantSA manufacturing campus in Cape Town with President Ramaphosa; reported investment of over 4 billion rand (~$250M) into Africa.

1/1/2022Net Worth: $5,000,000,000Source
Confidence
90%
2022Age 69

Invested in Sienza (lithium battery company)

Made an investment in Sienza (battery technology firm) in Pasadena, CA (Feb 2022 reporting).

2/1/2022Net Worth: $5,050,000,000Source
Confidence
80%
2023Age 70

Recognized among 100 most influential celebrities in oncology

Listed by OncoDaily as one of the 100 most influential celebrities in oncology (2023 edition).

1/1/2023Net Worth: $5,400,000,000Source
Confidence
90%
2023Age 70

Sold San Diego Union-Tribune to MediaNews Group

Sold the San Diego Union-Tribune (originally purchased with the LA Times) to MediaNews Group (July 2023).

7/1/2023Net Worth: $5,400,000,000Source
Confidence
90%
2024Age 72

Blocked LA Times presidential endorsement (Oct 2024)

Blocked the paper from endorsing a presidential candidate (reported blockade of Kamala Harris endorsement preparations), triggering staff resignations and subscription losses.

10/1/2024Net Worth: $6,800,000,000Source
Confidence
80%
2024Age 72

Fired entire LA Times editorial board and announced replacement plans

LA Times fired its editorial board and Soon-Shiong announced plans to replace them to pursue a 'fair and balanced' approach, provoking media coverage and controversy.

11/1/2024Net Worth: $7,000,000,000Source
Confidence
75%
2024Age 72

Announced AI-powered 'bias meter' for LA Times

Announced the newspaper would employ an AI bias meter to measure perceived bias in coverage, part of efforts to reshape the opinion/newsroom mix.

12/1/2024Net Worth: $7,000,000,000Source
Confidence
80%
2025Age 72

Patents milestone (AATS/biographies updated)

Later institutional biographies (AATS / NantWorks) claim over 675 patents worldwide (figures vary by source and time).

1/1/2025Net Worth: $11,300,000,000Source
Confidence
70%
2025Age 72

Accused of editing LA Times op-ed to align with his views (Jan 2025)

An author alleged that portions of his op-ed critical of RFK Jr.'s confirmation were removed prior to publication; Soon-Shiong had publicly endorsed RFK Jr.

1/1/2025Net Worth: $11,300,000,000Source
Confidence
60%
2025Age 72

Net worth per Bloomberg Billionaires Index

Bloomberg Billionaires Index estimated Soon-Shiong's net worth at US$11.3 billion (2025 figure reported).

1/1/2025Net Worth: $11,300,000,000Source
Confidence
95%