He founded and sold two biotech companies together worth nearly $8 billion, and owns a significant chunk of the Los Angeles Lakers basketball team. Within a year, Dr. Soon-Shiong was removed from the board. The Los Angeles Business Journal, citing “unprecedented insight” into his holdings, pegged his total wealth at $18 billion as of last year. Born and raised in South Africa, Dr. Soon-Shiong arrived in the U.S. in the 1980s and worked for UCLA. A spokeswoman for Dr. Soon-Shiong declined to comment in December.

Source: Wall Street Journal February 07, 2018 17:26 UTC