CEO paid $148 million!

148 Million Dollar CEO Patrick Soon-Shiong
148 Million Dollar CEO Patrick Soon-Shiong

Patrick Soon-Shiong’s net worth: $9.8 billion(Bloomberg ranking)

In 2015 cancer-research firm NantKwest Inc., which went public last year, gave Chief Executive Officer Patrick Soon-Shiong the highest reported pay package by any company so far, $147.6 million.

NantKwest is an innovative clinical-stage immunotherapy company focused on harnessing the power of the innate immune system by using the natural killer cell to treat cancer, infectious diseases and inflammatory diseases.
NantKwest is uniquely positioned to implement precision cancer medicine, with the potential to change the current paradigm of cancer care. Natural Killer cells are ancient cells in the human body designed to recognize and detect cells under stress or infected. Our “off-the-shelf” activated Natural Killer (NK) platform have the capacity to destroy cancer and virally infected cells from the body. The safety of our NK cells as well as their activity against a broad range of cancers have been tested in multiple phase 1 clinical trials in the United States, Canada and Europe. In addition to our NK cells capability to be administered in the outpatient setting as an “off-the-shelf” living drug, it serves as a universal cell-based therapy without need for individualized patient matching. Moreover, our NK cell based platform has been bioengineered to incorporate chimeric antigen receptors (CARs) and antibody receptors to further optimize targeting and potency in the therapeutic disease.

Dr. Patrick Soon-Shiong (Chinese: 陈颂雄.Soon-Shiong黄馨祥; pinyin: Huáng Xīnxiáng, Mandarin pronunciation: [xu̯ɑ̌ŋ ɕín ɕi̯ɑ̌ŋ]; born July 29, 1952) is a South African-born American surgeon, medical researcher, businessman, philanthropist, and professor at University of California at Los Angeles. He is currently chairman of the Chan Soon-Shiong Family Foundation and chairman and CEO of the Chan Soon-Shiong Institute for Advanced Health, National LambdaRail, the Healthcare Transformation Institute and NantWorks, LLC. In October 2010, he bought Earvin “Magic” Johnson’s minority ownership stake in the Los Angeles Lakers. As of January 2016, Soon-Shiong was estimated by Forbes as having a net worth of US$12,500,000,000, ranking him #37 among US billionaires, the wealthiest American in the healthcare industry, and the wealthiest person in Los Angeles.

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