Billionaire Patrick Soon-Shiong wins wider FDA approval for bladder cancer drug
US regulators expanded approval of ImmunityBio's Anktiva to papillary bladder tumors, months early, lifting the value of Patrick Soon-Shiong's $6.5 billion stake.
Patrick Soon-Shiong
South African-born billionaire Patrick Soon-Shiong backs $50 million biotech round
Patrick Soon-Shiong's Nant Capital co-led a $50 million round in Prolific Machines, a startup using light to make biologic drugs, and he joins its board.
South African-born billionaire Patrick Soon-Shiong leads $75 million funding round for drug-making robotics startup
South African born billionaire Patrick Soon Shiong has led a $75 million Series B funding round for biotech startup Multiply Labs through NantWorks.
South African-born billionaire Patrick Soon-Shiong will keep his Lakers stake amid Buss family feud
The South African-born billionaire says he will not sell his minority Lakers stake and intends to partner with incoming owners Bob Iger and Josh Kushner.
Los Angeles' richest man is South African-born doctor with a $16.6 billion fortune
South African-born billionaire Patrick Soon-Shiong has a net worth of $16.6 billion, making him the richest person in Los Angeles and one of the wealthiest South African-born individuals in the world.
South African-born billionaire Patrick Soon-Shiong wants the public to own Los Angeles Times
Patrick Soon-Shiong aims to open L.A. Times ownership to the public while boosting media trust and civic participation.
7 South African-born billionaires who are citizens of other countries
Their ventures have reshaped industries, establishing a lasting global legacy.
South African-born Billionaire Patrick Soon-Shiong loses $1.2 billion in a month
The decline has wiped out nearly all the gains he made in the first seven weeks of 2025.
South Africa’s 10 richest billionaires in 2025
From luxury goods to mining and fintech, they shape economic trends and investment flows across Africa and beyond.
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.
South African-born billionaire Patrick Soon-Shiong loses $800 million in 13 days
The decline marks a continuation of the previous trend for Soon-Shiong, who previously saw his net worth decrease by $400 million earlier this month, between March 25 and April 3.
South African-born billionaire Patrick Soon-Shiong loses $400 million in 9 days
This downturn marks a sharp reversal from the beginning of the year when Soon-Shiong enjoyed a significant wealth surge.
South African-born billionaire Patrick Soon-Shiong’s wealth surges above $11 billion
The surge in Soon-Shiong’s net worth in 2024 highlights the success of his investments, particularly in biotech firm ImmunityBio.
South African-born billionaire Patrick Soon-Shiong gains $800 million in 29 days
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.
South African-born billionaire Patrick Soon-Shiong gains $320 million within 72 hours
This financial turnaround, pushing Soon-Shiong’s fortune beyond the $10-billion milestone, reaffirms his position among Africa’s wealthiest billionaires.
Saudi doctor overtakes South African billionaire Patrick Soon-Shiong as world’s second-richest doctor
Saudi doctor Sulaiman Al Habib has now become the world’s second-richest doctor, surpassing South African billionaire Patrick Soon-Shiong.