Date: 10-19-10 11:47
The following snippets come from an October 19, 2010 Associated Press article titled "Magic Johnson Sells Ownership Stake In Lakers" found at the Yahoo News web site:
Magic Johnson has sold his small ownership stake in the Los Angeles Lakers to Dr. Patrick Soon-Shiong, possibly clearing the way for the Hall of Famer to own a bigger portion of another NBA team in the future.
Soon-Shiong is an innovative physician, a businessman, a philanthropist, a UCLA professor and a 25-year Lakers season ticket-holder. He founded two lucrative pharmaceutical companies: Abraxis BioScience, which was purchased by Celgene Corp. for $2.9 billion last week, and American Pharma Partners.
The full article may be found at the following link:
Here are some interesting snippets on Dr. Soon-Shiong from his Wikipedia entry:
Soon-Shiong was born in South Africa to Chinese immigrant parents, who fled from China during World War II. He graduated from high school at age 16 and received his medical degree at age 23 from the University of Witwatersrand, finishing fourth out of 189. After finishing his internship at Johannesburg’s General Hospital, Dr. Soon-Shiong earned a Master of Science degree from the University of British Columbia, where he was the first resident to receive multiple research awards simultaneously from the American College of Surgeons, the Royal college of Physicians and Surgeons of Canada as well as the American Association of Academic Surgery. He then moved to the United States where he initiated his surgical training at University of California, Los Angeles, became a board-certified surgeon both as a Fellow of the Royal College of Surgeons (Canada) and a Fellow of the American College of surgeons and joined the medical school faculty at UCLA as Assistant professor at age 31.
Soon-Shiong founded APP in 1997. Soon-Shiong joined the faculty of UCLA Medical School in 1983. He left UCLA in 1991 to start VivoRx, a diabetes research firm. Forbes estimates his fortune is $5.0 billion, ranking him #154 among billionaires.
On July 7, 2008 it was reported that Soon-Shiong, who owns more than 80 percent of American Pharmaceutical Partners (APP), agreed to sell his stake to Fresenius SE for 3.7 billion US dollars.
Today Soon-Shiong is Executive Chairman Abraxis BioScience, President's Council at RAND Corporation, Executive Director of the UCLA Wireless Health Institute, Professor of Microbiology, Immunology, and Molecular Genetics Professor of Bioengineering at UCLA, Chairman of the National Coalition for Health Integration, on the Board of Directors for the National Institute of Transplantation, on the board of directors for the Technology Council for the new Center for Cancer Nanotechnology Excellence at Northwestern University. He acquired a 4.5% stake in the Los Angeles Lakers in 2010.
http://en.wikipedia.org/wiki/Patrick_Soon-Shiong Wikipedia entry for "Patrick Soon-Shiong"
He's ranked #154 among billionaires?
So, he's one of the richest men in the world?
From South Africa to Canada to the US of A and now one of the richest men in the world. ;-0
If he bought a luxury condo in downtown Los Angeles he could go to all the Lakers home games and drive the 20 minutes to UCLA. ;-0
A 25-year Lakers season ticket holder?!?!?!
Now, that's a fan!!!! ;-)