
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.
The decline has wiped out nearly all the gains he made in the first seven weeks of 2025.
Soon-Shiong’s stake in ImmunityBio has grown by $1.37 billion, from $2.51 billion to $3.88 billion since late April.
This downturn marks a sharp reversal from the beginning of the year when Soon-Shiong enjoyed a significant wealth surge.
The surge in Soon-Shiong’s net worth in 2024 highlights the success of his investments, particularly in biotech firm ImmunityBio.
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.
This financial turnaround, pushing Soon-Shiong’s fortune beyond the $10-billion milestone, reaffirms his position among Africa’s wealthiest billionaires.
This financial setback is attributed to the sustained sell-offs that affected the market value of his 76-percent stake in ImmunityBio.
Soon-Shiong’s net worth plunged by $520 million in the first week of 2023 declining from $10.5 billion on Jan. 1 to $9.98 billion.
With his present $9.45-billion fortune, Soon-Shiong retains his position as one of Africa’s leading billionaires.
Soon-Shiong’s 80 percent ImmunityBio stake powers billion-dollar resurgence.
Despite this recent setback, Soon-Shiong still retains his status as one of Africa’s leading billionaires.
At the time of drafting this report, Soon-Shiong held the 257th position on the global list of the richest individuals.
Patrick Soon-Shiong’s net worth has experienced a significant upswing, rising from $8.68 billion on August 28 to an impressive $8.86 billion
Despite his recent decline in fortune, Patrick Soon-Shiong remains among the richest African billionaires.
South African-born billionaire Soon-Shiong is a force to be reckoned with in the global healthcare arena.
This upswing has propelled his fortune above the $9.3-billion mark, solidifying his position as one of Africa’s richest billionaires.