Top 10 Richest Doctors in the World 2024: Exploring the Wealth of the Highest-Paid Doctors in the World

Did you know that there are over 2000 doctors who are multi-millionaires? Wealthy doctors are now more common than you might think. Medical science is a lucrative profession. If you look at the list of the top 10 richest doctors in the world in 2024 you will find that most of them are living a lavish lifestyle.

From being self-made millionaires, these doctors have used their skills and knowledge to become rich beyond their wildest imaginations. They also share their knowledge with the rest of the world.

Top 10 Wealthiest Doctors in the World 2024

There is no shortage of success stories when it comes to Medical Professionals. Here is the list of highest-paid doctors in the world along with their estimated net worth. 

1. Dr. Thomas F. Frist Jr. – $22.4 Billion

Speciality – Surgeon

Dr. Thomas F. Frist Jr. is a successful businessman and philanthropist who is best known for founding HCA Healthcare. He was born in Nashville, Tennessee on 12th August 1938. Dr. Frist has been a key figure in the healthcare industry and has served on many medical boards and committees. 

He is the brother of a renowned doctor and former U.S. Senate Majority Leader Bill Frist. Dr. Frist also has a huge impact on healthcare policy in America, which is important because he is the founder of the United Way Alexis de Tocqueville Society. Currently, he is the richest person in Tennessee and ranks 35th on the Forbes 400 list.

• Nationality – American
• Date of birth – 12th August 1938
• Education – BA (Vanderbilt University), MD (Washington University in St. Louis)
• Career Highlights – Co-Founder of HCA Healthcare

2. Dr. Patrick Soon-Shiong – $6.1 Billion

Speciality – Transplant Surgeon

Dr. Patrick Soon-Shiong, a billionaire, is a doctor who is well-known for his work in the field of medicine. He has founded multiple successful companies that have made him a very wealthy man. 

Soon-Shiong has been a part of the top tier of the Forbes list of richest people. He is known for his many contributions to healthcare, including the invention of Abraxane. He is also a developer of transplant techniques for pancreatic islets. His parents were Chinese citizens who migrated to South Africa during the Japanese Occupation in World War II.

Dr. Patrick is also famous for his philanthropic work, which includes donating a large sum of money to fund research for organ transplantation. His net worth is around $7.8 Billion, which makes him one of the richest people in America.

• Nationality – American
• Date of birth – 29th July 1952
• Education – MBBCh (University of the Witwatersrand), MS (University of British Columbia)
• Career Highlights – Inventor of Abraxane, Developer of transplant techniques for pancreatic islets

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3 Dr. Wu Yiling – $3.2 Billion

Speciality – Chinese Medicine

Dr. Wu Yiling is the richest doctor in China and won the “Nobel Prize for Medicine” in 2015. He has dedicated her life to helping others and achieving success in the medical field. According to his many patients, he is one of the best doctors in Chinese Medicine. Currently, he is managing Yiling Pharmaceutical, a company founded by his father.

He has been in the pharmaceutical industry for more than 30 years. Dr. Wu Yiling also has a passion for public health, which is why he is also involved with multiple charity organizations that help people who are in need of financial assistance with their medical bills.

• Nationality – Chinese
• Year of birth – 1949
• Education – Graduation from Hebei Medical University and Nanjing University of Chinese Medicine
• Career Highlights – Nobel Prize for Medicine in 2015, Head of Yiling Pharmaceutical

4. Dr. Phillip Frost – $1.9 Billion

Speciality – Dermatology

Dr. Phillip Frost is a wealthy doctor and CEO of OPKO Health, which is a company that researches and develops drugs for cancer and other diseases. He has been a doctor since the 1960s and worked with many prestigious organizations.

Frost switched to the pharmaceutical business in 1972 when he bought Key Pharmaceuticals with Michael Jaharis. Dr. Frost is also a famous philanthropist. Currently, his family supports scholarships for advanced study at the University of Oxford in STEM (science, technology, engineering, and mathematics) subjects. These scholarships are available for students from Florida and Israel.  

• Nationality – American 
• Year of birth – 1936
• Education – BA (University of Pennsylvania), MD (Albert Einstein College of Medicine)
• Career Highlights – CEO and chairman of OPKO Health, Inc.

5 Dr. Gary Michelson – $1.8 Billion

Speciality – Orthopedic Surgeon

Dr. Gary Michelson is a doctor who specializes in orthopaedic surgery and has practiced in the United States. He is best known for medical innovations related to Spinal surgeries and the legal battles associated with them.

In the year 2005, Michelson sold a lot of his medical patents to Medtronic for a whopping $1.35 billion. This placed him on the Forbes 400 list. He has received many awards and honors during his career including being named one of the top ten most influential people in health and fitness by many magazines. Today, he is helping patients recover from injuries and surgeries as quickly as possible.

• Nationality – American
• Date of birth – 14th January 1949
• Education – Temple University and Hahnemann Medical College of Drexel University
• Career Highlights – Multiple innovations for spinal surgery

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6 Dr. Phil McGraw – $460 Million

Speciality – Mental Health

Dr. Phil McGraw is a mental health specialist known for hosting the talk show Dr. Phil on CBS. He is also a bestselling author, having written more than 40 books, and he has been a frequent guest on The Oprah Winfrey Show. As a psychologist, he has made it his life’s mission to help people from all walks of life.

He has been in the mental health industry for over 17 years and has had a lot of success in helping people with their personal struggles. Dr. Phil founded the telehealth company (an online platform that schedules virtual appointments with a network of physicians and therapists.

• Nationality – American
• Date of birth – 1st September 1950
• Education – BA (Midwestern State University), MA & Ph.D. (University of North Texas)
• Career Highlights – Hosting the Talk Show Dr. Phil and founding “Telehealth”

7 Dr. James Andrews – $100 million

Speciality – Orthopedic Surgeon

Dr. James Andrews, who is the top orthopedic surgeon in the world, has helped many athletes get back on their feet again. He has played a huge role in the sports medicine industry. He has successfully performed hundreds of surgeries, including on professional athletes such as Bo Jackson, Drew Brees, and Triple H.

Andrews was also the doctor who helped Michael Jordan recover from a torn rotator cuff that he sustained in the NBA playoffs. He is also considered to be one of the most influential people in sports medicine and has had a huge impact on the field of sports medicine.

• Nationality – American
• Date of birth – 2nd May 1942
• Education – BS and MD (Louisiana State University)
• Career Highlights – Performing surgeries on many high-profile athletes

8. Dr. Leonard Hochstein – $90 Million

Speciality – Breast Augmentation Surgeries

Dr. Leonard Hochstein is one of the most famous celebrity plastic surgeons in the world. He is known for his work in breast reconstruction. Dr. Hochstein has already performed 30000 breast surgeries and has helped many other women who were in need of  breast reconstruction.

Recently, Dr. Hochstein launched the Dr. Leonard Hochstein Scholarship for Future Doctors of America. The aim of this scholarship is to provide funding to students who are studying medicine.

• Nationality – American (Born in Russia)
• Date of birth – 18th June 1966
• Education – Doctor of Medicine (Louisiana State University Medical Center)
• Career Highlights – Performed more than 30000 breast augmentation surgeries so far

9. Dr. Terry Dubrow – $70 Million

Speciality – Plastic Surgery

Terry Dubrow is a top plastic surgeon and television personality. Terry has been in the media spotlight for over 18 years, with his work on The Real Housewives of Beverly Hills, Botched, and The Swan. His work has helped thousands of people feel better about themselves.

Dubrow and his wife are also famous for promoting a fad diet known as the “Dubrow Diet”. This diet is based on a form of intermittent fasting

• Nationality – American
• Date of birth – 14th September 1958
• Education – MMS (Yale University), MD (Los Angeles School of Medicine, University of California)
• Career Highlights – Attracting Mass Attention towards plastic surgery through TV

10 Dr. Garth Fisher – $15 Million

Speciality – Plastic Surgery

Garth Fisher is one of the most well-known doctors in the United States. His work and research have helped countless people with a wide range of medical issues. In 2002, Garth Fisher became the first doctor to be selected for the ABC television show Extreme Makeover.

Extreme Makeover is a reality show that helps people who are in need of extensive physical changes. Garth Fisher has also been featured in many other television shows.

• Nationality – American
• Date of birth – 1st September 1958
• Education – University of California, Irvine
• Career Highlight – 1st Doctor ever to get selected for the ABC television show Extreme Makeover

Frequently Asked Question

Question – 1: What type of doctors are the richest?

Answer: Generally, orthopedic surgeons and neurosurgeons are the richest.

Question – 2: What are the rarest types of doctors?

Answer: Podiatrists and Sleep Medicine Specialists are some of the rarest specialities of doctors.

Question – 3: Is being a medical professional in the US going to be lucrative?

Answer: Yes. According to reports, the US is going to face a shortage of 37,800 to 124,000 physicians in the next 12 years.

Question – 4:Which medical speciality is considered the best for girl students?

Answer: Gynaecologist.