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Article: L.A. philanthropy gets shot in arm: Soon-Shiong eyes charity after $3 billion take.(HEALTH CARE)(Los Angeles)(Patrick Soon-Shiong )
- Article from:
- Los Angeles Business Journal
- Article date:
- July 14, 2008
- Author:
CopyrightCOPYRIGHT 2008 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Eli Broad has long fashioned himself as L.A.'s leading philanthropist. He could have competition soon.
After striking an eye-popping deal last week, Dr. Patrick Soon-Shiong stands to become the fourth wealthiest Angeleno with an estimated net worth that exceeds $5 billion--a position not lost on the surgeon turned entrepreneur who is poised to turn into one of the city's biggest philanthropists.
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"I plan to take my personal strengths and be very hands-on in my philanthropic work," Soon-Shiong told the Business Journal, following the announced sale of his genetic drug maker APP Pharmaceuticals Inc. to a German medical ...