The decline in Soon-Shiong’s fortune can be attributed to the drop in the market value of his 80-percent stake in ImmunityBio.
Patrick Soon-Shiong
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Soon-Shiong’s present net worth is still lower than the $9.93 billion that he held on May 8.
- Southern Africa
South African-born billionaire Patrick Soon-Shiong’s fortune plunges by $1.1 billion in 16 days
Soon-Shiong’s net worth plunges by $1.1 billion due to the declining value of ImmunityBio shares.
- Southern Africa
South African-born billionaire Patrick Soon-Shiong’s net worth soars by $500 million
Soon-Shiong’s net worth is still down by $287 million since the start of the year.
- Hot News
South African-born billionaire Patrick Soon-Shiong has now lost $820 million so far in 2023
Soon-Shiong is best known for developing the cancer treatment Abraxane.
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South Africa maintains its position as Africa’s largest wealth market and most industrialized economy.
- Hot News
South African-born billionaire Patrick Soon-Shiong’s ImmunityBio executes $50-million equity financing
Soon-Shiong owns a 76-percent stake in ImmunityBio, a late-stage immunotherapy company.
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The total number of African billionaires stands at 26.
- Hot News
South African-born billionaire Patrick Soon-Shiong’s net worth gains $370 million in 51 days
The recent increase reduced his year-to-date wealth loss to $875 million.
- Hot News
South African-born billionaire Patrick Soon-Shiong’s year-to-date wealth loss exceeds $1.1 billion
Soon-Shiong remains one of the richest businessmen in the world.