Top 10 Richest Doctors in Nigeria and Net Worth

Top 10 Richest Doctors in Nigeria and Net Worth

Many people view medicine as a noble profession dedicated to helping others and saving lives. Patients respect doctors for their knowledge, skill, and dedication to caring for them. Of course, this respect may translate into higher social status and influence. With Nigeria’s growing population and healthcare needs, there is a high demand for qualified medical professionals. As a result, doctors may have more job opportunities and job security compared to individuals in other professions.

In this article, we will reveal the top 2024 richest doctors in Nigeria. Here’s the list:

Top 10 Richest Doctors in Nigeria and Net Worth

1. Patrick Soon Shiong: He transitioned from a doctor to an entrepreneur and later a philanthropist. He amassed a fortune by innovating cancer treatments. He innovated cancer treatment and became recognised as the richest doctor globally. His net worth is near $12 billion. Patrick directs his wealth towards noble causes, supporting children’s hospitals, and tackling escalating healthcare expenses.

2. Thomas Frist: He is a former air force surgeon. He collaborated with his father to establish a hospital conglomerate, generating an annual revenue exceeding $29 billion. He has a net worth of over $7 billion. Dr. Thomas Frist has received honours in the Healthcare Hall of Fame and the United Way Lifetime Achievement Award.

3. Dr. Phillip:  Though Dr. Phillip Frost pursued teaching dermatology after earning his medical doctorate, he achieved immense success by founding Ivax, a pharmaceutical firm, which he later sold for $7.8 billion. He currently leads Teva Pharmaceuticals, with a net worth of $3.8 billion.

4. Wu Yiling: Yiling initially practiced Chinese medicine for 11 years before establishing a prosperous pharmaceutical company in 1992, specialising in herbal remedies. He has a net worth of $1.7 billion.

5. Gary Michelson: His net worth of $1.55 billion originates from his inventive contributions to orthopaedic technology, marked by over 250 patents. He is also an animal advocate and has established the Michelson Prize to promote non-surgical sterilisation methods for pets.

6. Dr. Phil: He is renowned for his lucrative television career. He also gained widespread recognition for appearing on The Oprah Winfrey Show and eventually hosting his own talk show. He stands as a prominent figure in daytime television, with an annual salary of $80 million and a net worth of $280 million.

7. Dr. James Andrews: He stands out as a practicing surgeon, particularly revered among athletes for his expertise in sports medicine. He remains the go-to specialist for injured players seeking top-notch medical care, with estimates of his net worth varying between $10 and $100 million.

8. Terry Dubrow: He gained prominence through his television appearances on shows like The Swan and the Real Housewives of Orange County.  He has a net worth of over $30 million.


9. Dr. Olurotimi John Badero: He calls himself an “interventional cardionephrologist” and a “peripheral vascular interventionalist.” As of 2024, his net worth is not known, but he certainly lives a comfortable life in the service of God and man.

10. Dr. Philip Ozuah: He is a graduate and alumnus of the University of Ibadan (UI) before he moved abroad for practice.  He is estimated to be worth over $20 million and is rated among the richest doctors in Nigeria today. Today, he is the Chief Executive Officer (CEO) of Montefiore Medicine.


As we’ve seen, the net worth of these doctors goes to extremes, but many of them made their money doing things other than medicine. As a result, doctors often enjoy a level of prestige and influence that sets them apart from other professions.

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