Phillip Frost Net Worth is$2.3 Billion
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Phillip Frost net worth: Phillip Frost's net worth is $2.3 billion dollars which makes him the richest person in Florida. Phillip Frost graduated from the University of Pennyslvania, where he earned a degree in French Literature. He then earned an M.D. from the Albert Einstein College of Medicine, and relocated to France, to study at the University of Paris. He began his professional career working for the National Cancer Institute, and served as a Professor of Dermatology at various colleges in Florida. Mr. Frost and a colleague purchased Key Pharmaceuticals in the early 70s, and sold it for $600 million in the late 80s. Mr. Frost took his portion of the sale, approximately $100 million, and founded the Ivax Corporation. He served as Chairman of the Board of Directors and CEO for Ivax from 1987 until 2006, when he sold the company to Teva Pharmaceuticals for $7.4 billion. He currently serves on the board of Teva, and has investments in multiple smaller pharmaceutical firms.
Phillip Frost (born c. 1935) is an American entrepreneur.
Phillip Allen Gamma Frost earned a B.A. in French Literature from the University of Pennsylvania in 1957. He received an M.D. from the Albert Einstein College of Medicine in 1961 and attended the University of Paris from 1955 to 1956. He served as a Lieutenant Commander, U.S. Public Health Service at the National Cancer Institute from 1963 to 1965. Dr. Frost was a Professor of Dermatology at the School of Medicine, University of Miami from 1966 to 1972. He was Chairman of the Department of Dermatology at Mt. Sinai Medical Center of Greater Miami, Miami Beach, Florida from 1972 to 1990.
Michael Jaharis and Frost bought Key Pharmaceuticals, Inc. in 1972. Dr. Frost was Chairman of the Board of Directors of Key Pharmaceuticals from 1972 until its acquisition by Schering-Plough in 1986 for $600 million. Frost's share was $100 million.
Dr. Frost served as Chairman of the Board of Directors and Chief Executive Officer of Ivax Corporation since 1987. He sold this Miami pharmaceutical maker, Ivax, for $7.4 billion to Israel-based Teva Pharmaceuticals in January 2006.
Frost became Vice Chairman of Teva Pharmaceutical Industries in January 2006 when Teva acquired Ivax Corporation. He was named the Chairman of the Board of Teva in March 2010 and was reelected to the position in May 2012.
Frost was one of the first and largest investors in Protalix BioTherapeutics, investing $24 million in the company that would later go on to develop a U.S. Food and Drug Administration-approved treatment for Gaucher disease. He resigned from the company's Board of Directors in 2007. A 2010 U.S. Securities and Exchange Commission filing indicated that Frost donated around $8 million in Protalix shares to a charitable organization.
Frost became the CEO and Chairman of OPKO Health, Inc. upon the consummation of the merger of Acuity Pharmaceuticals Inc., Froptix Corporation and eXegenics, Inc. on March 27, 2007.
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Phillip Frost Latest News

Rafael Soriano’s Life and Paintings

More than 90 of his artworks are on display in “Rafael Soriano: The Artist as Mystic,” at Miami’s Patricia and Phillip Frost Art Museum. His daughter, Hortensia Soriano, spoke with The New York Times about her father. The conversation has been edited ...
Posted: December 4, 2017, 8:05 pm

Taking the kids to Miami's new science center

It takes more than Apollo-era technology to capture the minds of Generation Swipe. So it makes sense that the old Phillip and Patricia Frost Museum of Science out in Coconut Grove shut down its laser show to move to its massive new digs on the waterfront ...
Posted: December 6, 2017, 6:02 am

COACHING CAROUSEL: Frost returning to Nebraska after leading UCF revival

Frost agreed to a seven-year ... So she turned everything over Friday to Phillip Fulmer, naming the College Football Hall of Famer Tennessee's athletic director. Fulmer replaces Currie, who was suspended and placed on paid leave just eight months after ...
Posted: December 2, 2017, 4:11 pm
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