South African-born billionaire Patrick Soon-Shiong makes $1.8 billion in just 26 days
Soon-Shiong’s stake in ImmunityBio has grown by $1.37 billion, from $2.51 billion to $3.88 billion since late April.
Soon-Shiong’s stake in ImmunityBio has grown by $1.37 billion, from $2.51 billion to $3.88 billion since late April.
This downturn marks a sharp reversal from the beginning of the year when Soon-Shiong enjoyed a significant wealth surge.
The surge in Soon-Shiong’s net worth in 2024 highlights the success of his investments, particularly in biotech firm ImmunityBio.
The recent surge in Soon-Shiong’s fortune is largely fueled by the notable increase in the market value of his 76-percent stake in ImmunityBio.
This financial turnaround, pushing Soon-Shiong’s fortune beyond the $10-billion milestone, reaffirms his position among Africa’s wealthiest billionaires.
This financial setback is attributed to the sustained sell-offs that affected the market value of his 76-percent stake in ImmunityBio.
Soon-Shiong’s net worth plunged by $520 million in the first week of 2023 declining from $10.5 billion on Jan. 1 to $9.98 billion.
With his present $9.45-billion fortune, Soon-Shiong retains his position as one of Africa’s leading billionaires.
Soon-Shiong’s 80 percent ImmunityBio stake powers billion-dollar resurgence.
Despite this recent setback, Soon-Shiong still retains his status as one of Africa’s leading billionaires.
At the time of drafting this report, Soon-Shiong held the 257th position on the global list of the richest individuals.
Patrick Soon-Shiong’s net worth has experienced a significant upswing, rising from $8.68 billion on August 28 to an impressive $8.86 billion
Despite his recent decline in fortune, Patrick Soon-Shiong remains among the richest African billionaires.
South African-born billionaire Soon-Shiong is a force to be reckoned with in the global healthcare arena.
This upswing has propelled his fortune above the $9.3-billion mark, solidifying his position as one of Africa’s richest billionaires.
Soon-Shiong’s present net worth is still lower than the $9.93 billion that he held on May 8.