How rich is Phillip Frost?
Phillip Frost Net Worth:
|Birth date:||1935, United States of America|
|Education:||University of Pennsylvania, University of Paris|
Phillip Frost wiki & biography:
Phillip Frost has an estimated net worth of $2.3 Billion.Phillip Frost’s successful career began when he worked as a Lieutenant commander at the National Cancer Institute of the US Public Health Service.
In 1972, jointly with Michael Jaharis, Phillip Frost bought the Key Pharmaceuticals Inc. The business was later acquired by Schering-Plough for $600 million. Frost received $100 for the sale. In 2006, the firm was obtained by an Israel-based pharmaceutical company Teva for $7.4 billion. Frost then served as the Vice Chairman of Teva in January 2006. In 2010, Frost became the Chairman of the Board of Managers and in May 2012, he was reelected to the place.
Frost invested $24 million in Protalix BioTherapeutics making him the largest investor to the said business which develop the treatment for Gaucher Disease.
Phillip Allen Gamma Frost (born c. 1935) is an American entrepreneur.
Frost became the CEO and Chairman of OPKO Health, Inc. upon the consummation of the merger of Acuity Pharmaceuticals Inc., Froptix Corporation and eXegenics, Inc. on March 27, 2007. Dr. Frost also serves as Chairman of the Board of Directors of PROLOR Biotech, Inc. (NYSE Amex: PBTH), a development stage biopharmaceutical company. Dr. Frost is also a director of Castle Brands (NYSE Amex:ROX), a developer and marketer of premium brand spirits, and Continucare Corporation (NYSE Amex:CNU), a supplier of outpatient health care services. Dr. Frost previously served as a manager for Northrop Grumman Corp.,SearchMedia Holding Limited (NYSE Amex:IDI) once Ideation Acquisition Corp., Protalix Bio Therapeutics, Inc., and SafeStitch Medical Inc., and as Governor and Co-Vice Chairman of the American Stock Exchange (now NYSE Amex). Frost possesses ~19% of ChromaDex, a publicly traded natural products company based in Irvine, California. In 2011 Frost became the largest shareholder in the Coconut Grove Bank, the oldest bank in South Florida.