This downturn marks a sharp reversal from the beginning of the year when Soon-Shiong enjoyed a significant wealth surge.
South African-born billionaire
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The surge in Soon-Shiong’s net worth in 2024 highlights the success of his investments, particularly in biotech firm ImmunityBio.
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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 …
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This financial turnaround, pushing Soon-Shiong’s fortune beyond the $10-billion milestone, reaffirms his position among Africa’s wealthiest billionaires.
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This financial setback is attributed to the sustained sell-offs that affected the market value of his 76-percent stake in ImmunityBio.
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South African-born billionaire Patrick Soon-Shiong loses $520 million in first week of 2024
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 …
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With his present $9.45-billion fortune, Soon-Shiong retains his position as one of Africa’s leading billionaires.
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Soon-Shiong’s 80 percent ImmunityBio stake powers billion-dollar resurgence.
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Despite this recent setback, Soon-Shiong still retains his status as one of Africa’s leading billionaires.
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At the time of drafting this report, Soon-Shiong held the 257th position on the global list of the richest individuals.