Are you writing an essay on the above topic or simply curious to know the highest paid doctors in the world? Whichever of the categories you fall into, you can stop searching now as all the answers you need are within this blog post.
Being a doctor is tough, it is one of the toughest professions in the world and it starts getting tough right when you get into medical school. The admission is highly competitive and the entry rate is usually low, and it is designed to be this way so that only the excellent candidates will scale through. It is even tougher to enter medical schools in the US because you have to take the MCAT which happens to be one of the hardest exams in the United States.
The above statement is not to discourage you from pursuing your dreams as a doctor if that is what you want to pursue, it is just the reality of the profession as you must have already known.
Maybe you are here not because of an essay on the above topic, maybe you are here because you do want to become a medical doctor but before making that life-changing decision, you want to be sure that you can make millions of dollars from the profession. Well, yes, you can earn millions of dollars as a doctor. Many doctors do, you too can.
But you have to know that there are certain factors that influence the annual earnings of a doctor. These factors are employment status, state of practice, and specialty. So, if you want to become a wealthy doctor in the future, you should take these factors into consideration.
Although, generally, medical doctors are well-paid and it is hard not to see why. They offer one of the most important and highly demanded services in the world, and as an effect of their value to humanity, they are highly compensated.
But this doesn’t make all the doctors in the world the wealthiest, there is about a handful that falls into this category and in this article, you will find out who they are. But before we get into that, there are loads of articles we have published that you may find interesting.
There’s one of the best neuroscience Ph.D. programs in the world if you have completed med school and are looking to further your medical career. Since medical school is expensive, you should look into WUE schools if you are in the US, to get affordable tuition for your medical studies. We also have a broad category of articles on nursing schools in different parts of the US and in the world, for those looking to enter the nursing field, which is yet another lucrative profession in the healthcare field.
Now, let’s go on to see who the highest paid doctors in the world are and how much they make.
10 Highest Paid Doctors In The World And Their Net Worth
As I mentioned earlier, professionals in the medical field are highly compensated as a result of their services, and value with doctors at the pinnacle of it. If you are wondering who the highest paid doctors in the world are, I have curated a list of them and their net worth in this section. Enjoy!
The highest paid doctors in the world are;
- Thomas F. Frist Jr. – $17.1 billion
- Patrick Soon-Shiong – $6.9 billion
- Philip Frost – $1.8 billion
- Gary K. Michelson – $1.8 billion
- James Andrews – $100 million
- Terry Dubrow – $30 million
- Leonard Hochstein – $20 million
- Robert Miguel Rey Junior – $15.5 million
- Garth Fisher – $15 million
- Paul Nassif– $14 million
1. Thomas F. Frist Jr.
Doctor Thomas Frist is not just the world’s richest doctor, he is also the richest person in the US state of Tennessee where he’s from. According to Forbes, he has a net worth of $17.1 billion and isn’t just an American billionaire physician but also a businessman and one of the founders of HCA Healthcare.
His alma maters are Vanderbilt University and Washington University in St. Louis. Before his wealth and achievements, he served as a flight surgeon in the US Air Force.
2. Patrick Soon-Shiong
Patrick Soon-Shiong is a 70 years old (at the time of writing) Chinese-South African transplant surgeon who ranks on the second list of the world’s richest doctors with a net worth of $6.9 billion according to Forbes. Doctor Soon-Shiong is also a businessman, bioscientist, and media proprietor. He invented a drug known as Abraxane which is widely used in the treatment of lung, breast, and pancreatic cancer.
He is also the founder of NantWorks, a professor of surgery, and the executive director of the Wireless Health Institute at the University of California, Los Angeles. This world’s richest doctors also hold a number of high positions in various medical and non-profit organizations around the world.
3. Philip Frost
On the third list of wealthiest medical doctors in the world is Philip Frost with a net worth of $1.8 billion. He is the CEO of OPKO Health and an American entrepreneur. He graduated with a Bachelor of Arts in French Literature from the University of Pennsylvania, got an M.D from Albert Einstein College of Medicine, and finally attended the University of Paris.
Before his fame, he served as a lieutenant commander of the US Public Health Service at the National Cancer Institute and was also a professor of dermatology at the University of Miami School of Medicine. From here, he went on to take up executive and leadership positions in various pharmaceutical industries and corporations.
4. Gary K. Michelson
According to Forbes, Gary Michelson has a net worth of $1.8 billion which puts him in a tie with Philip Frost. Doctor Michaelson is from Philadelphia, US, and makes his fortune from being an orthopedic surgeon and a medical inventor. He is widely recognized for his inventions of new implants, instruments, and procedures for spinal surgery.
He, Michelson, solely invented more than 950 issued pending patents, all over the world, for the treatment of spinal disorders. His inventions are recognized in the medical field as Michelson Devices.
5. James Andrews
James Andrews is an orthopedic surgeon from the US and one of the world’s richest doctors with a net worth of $100 million. He is widely recognized among the most popular and best-known orthopedic surgeon for knee, elbow, and shoulder injuries with a specialty in repairing damaged ligaments.
Doctor Andrew makes his fortune from performing surgeries on many high-profile athletes and he is the team doctor for the Tampa Bay Rays, Auburn Tigers, and Washington Commanders. He is also a co-founder and chairman of multiple research institutes. He created the HealthSouth Sports Medicine Council and serves on the medical advisory board for Tenex Health, Inc.
6. Terry Dubrow
If you are one for medical TV shows then you must know Doctor Terry Dubrow, it is quite hard to miss a TV personality like him. He is a plastic surgeon from the US and co-hosts the Botched series with Dr. Paul Nassif. Dr. Dubrow has a net worth of $30 million and lives in LA, California.
He has also appeared on other medical and non-medical shows like The Real Housewives of Orange County – with his wife, The Swan, and Botched by Nature also with Paul Nassif.
7. Leonard Hochstein
Dr. Hochstein is one of the wealthiest doctors in the world with a net worth of $20 million. He is a world-renowned plastic surgeon that specializes in cosmetic surgery which is how he is amassing his fortune. He is an American doctor born in Russia but living and practicing in Miami, Florida.
8. Robert Miguel Rey Junior
Just like Dr. Terry Dubrow, Robert Miguel is also a TV personality that has been featured on a couple of medical and non-medical television series. He has appeared on E! reality series, The View, and Good Morning America.
Dr. Rey is an American plastic surgeon from Brazil with a net worth of $15.5 million. His alma maters are Arizona State University where he earned a BA in Chemistry, Harvard University where he earned a master’s in Public Policy, Tufts University School of Medicine where he earned an M.D, Harbor UCLA where he did his general surgery residency, and the University of Tennessee-Memphis for plastic and surgery reconstructive surgery.
9. Garth Fisher
Garth Fisher is an American plastic surgeon with a net worth of $15 million. Dr. Fisher specializes in cosmetic plastic surgery where his wealth comes from. He is also a TV personality and was the first doctor selected for the ABC television show Extreme Makeover.
He attended the University of Mississippi where he got his B. A then got his M.D later at the University of California, Irvine where he did his general surgery residency and plastic surgery residency. He was also named one of the top plastic surgeons in the US for facial cosmetic and breast surgery.
10. Paul Nassif
And finally, we have Dr. Paul Nassif who is also a TV presenter popular as the co-host of the Botched series. He also made an appearance on Dr. 90210 a tv show on E! and in the first 3 seasons of The Real Housewives of Beverly Hills. He is an American and a famous plastic surgeon specializing in Rhinoplasty with a net worth of $14 million.
And these are the wealthiest doctors in the world with their net worth, which I’m sure completely satisfies your curiosity. You can take a look at the recommendations below to find other interesting blog posts.