Patrick Soon-Shiong, LA’s Richest Man, Ups The Ante On Cancer Research, City Life

He created drugs to fight diabetes and breast cancer and then sold the companies that produced them for a combined $8.6 billion.

From HuffPost:

“LOS ANGELES, Oct 3 (Reuters) – As owner of 5 percent of the Los Angeles Lakers, Patrick Soon-Shiong could walk into the locker room of the storied basketball franchise any time for a chat with stars like Kobe Bryant. But the richest man in Los Angeles chooses to sit with the rest of his team’s fans.

“He’s not one of those owners who wants to be seen everywhere. He’s just one of the fans,” said Bryant. The NBA star gives his owner a hug before every game for luck “and maybe some of the success” of the slender Los Angles surgeon who built a fortune exceeding $7 billion as a biotechnology entrepreneur.

For all Soon-Shiong’s success, the South African emigre and son of a Chinese herbal doctor remains relatively unknown in Los Angeles, a city that thrives on status and celebrity.

That’s likely to change soon…”

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