Phillip Frost (born c. 1936) is an American entrepreneur.
Early Life and education
Frost was born into an observant Jewish family in the United States. He has two elder brothers, who are 15 and 16 years older than him respectively. Both brothers fought in World War II, one in the Air Force and one in the Army. At 13, he got his first job, working in a local hardware shop after school. Frost earned a B.A. in french literature from the University of Pennsylvania, in 1957. He received an M.D. degree from the Albert Einstein College of Medicine, in 1961 and attended the University of Paris, from 1955 to 1956.
Career
He served as a lieutenant commander, U.S. Public Health Service at the National Cancer Institute, from 1963 to 1965. Frost was a professor of dermatology at the University of Miami School of Medicine, from 1966 to 1972. He was chairman of the department of dermatology at Mt. Sinai Medical Center of Greater Miami, Miami Beach, Florida, from 1972 to 1990.
Key Pharmaceuticals
Michael Jaharis and Frost bought Key Pharmaceuticals, Inc. in 1972. Frost was chairman of the board of directors of Key Pharmaceuticals, from 1972, until its acquisition by Schering-Plough in 1986, for $835 million. Frost’s share was $100 million. Frost’s estimated net worth in 1986 was $150 million.
Phillip Frost has an estimated net worth of $4.4 billion as of April 2016, according to Forbes. Phillip Frost’s successful career started when he worked as a Lieutenant commander at the National Cancer Institute of the US Public Health Service. He then worked as a professor of dermatology at the University of Miami and he became the head of the Dermatology department at the Mt. Sinai Medical Center of Greater Miami Florida.
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