Healthcare Billionaires | Top 10 Richest People in Healthcare 2020

Healthcare Billionaires | Top 10 Richest People in Healthcare 2020


In this video, we profile the top 10 richest people in healthcare in 2020, this 10 healthcare billionaires who gotten richer off corona virus.


Drug development and vaccine development are urgent topics amid the ongoing coronavirus pandemic. And some of the world’s richest healthcare billionaires are tied to companies actively involved in those two areas — with efforts directly aimed at COVID-19.

Healthcare is booming in the Middle Kingdom. Spending on healthcare in China is forecast to reach $1 trillion this year, up from $375 billion in 2011, according to consulting firm McKinsey. That rapid growth in the market has helped turn some of the country’s healthcare entrepreneurs into billionaires.

Here are the top 10 richest people in healthcare; net worths are as of March 18, 2020.

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#10. CHEN BANG. NET WORTH: $7.6 BILLION. COUNTRY: CHINA.

Chen chairs Aier Eye Hospital Group, China’s largest ophthalmology chain, with about 200 clinics in China. It also has a presence in the U.S., Europe and Hong Kong. The company’s shares trade on the Shenzhen Stock Exchange.


#8. CARL COOK (Tie). NET WORTH: $8 BILLION. COUNTRY: USA

He inherited the Cook Group from his parents, who started the medical device manufacturer in the spare bedroom of their Bloomington, Indiana apartment in 1963.


#8. ERNESTO BERTARELLI (Tie). NET WORTH: $8 BILLION. COUNTRY: SWITZERLAND

Bertarelli inherited pharmaceutical company Serono in 1998 and shifted its focus to biotechnology. He tops the list of Swiss billionaires, and invests in drug companies and commercial real estate.


#7. CYRUS POONAWALLA. NET WORTH: $8.2 BILLION. COUNTRY: INDIA

The Serum Institute of India founded by Poonawalla is the world’s largest vaccine maker, producing vaccines for measles, polio, tetanus and more. In February, the Serum Institute teamed up with U.S. synthetic biology firm Codagenix to work on a coronavirus vaccine.


#5. THOMAS STRUENGMANN (Tie). NET WORTH: $9.6 BILLION. COUNTRY: GERMANY.

#5. ANDREAS STRUENGMANN (Tie). NET WORTH: $9.6 BILLION. COUNTRY: GERMANY


Identical twin brothers Thomas and Andreas Struengmann founded generic drugmaker Hexal in 1986 and sold it to pharmaceutical giant Novartis for $7 billion in 2005. They have since invested in a handful of other biotech firms and together own nearly half of U.S.-listed German company BioNTech, which is developing a coronavirus vaccine. Shares of BioNTech have soared, lifting each brother’s fortune from $4.4 billion last year.


#4. XU HANG. NET WORTH: $11.2 BILLION. COUNTRY: CHINA

Cofounder and chairman of Mindray Medical, Xu doubled his wealth in the past year. After the Covid-19 outbreak reached Europe and the US, shares of Mindray rose over 30%.


#3. LI XITING. NET WORTH: $11.6 BILLION. COUNTRY: CHINA.

Li is the founder and CEO of Mindray Medical International, which makes medical devices for hospitals around the world. He ramped up production when demand for Mindray’s devices skyrocketed amid the coronavirus pandemic.

#2. SUN PIAOYANG. NET WORTH: $11.8 BILLION. COUNTRY: CHINA

Sun was a technician at a state-owned pharmaceutical company that went public and was renamed Jiangsu Hengrui Medicine. He worked his way up to CEO of Jiangsu Hengrui, where he is also the majority shareholder. He is married to Zhong Huijuan.

#1. ZHONG HUIJUAN. NET WORTH: $14.6 BILLION. COUNTRY: CHINA

A former chemistry teacher, Zhong is now CEO and co-owner — with her daughter Sun Yuan — of Chinese drug firm Hansoh Pharmaceutical. She is also the second-wealthiest woman in China. Hansoh Pharmaceutical shares have risen more than 40% since its IPO on the Hong Kong exchange in July 2019.

Well, there you have it. Those were the Top 10 richest people in healthcare, in 2020.

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