Top Five Wealthiest People in Miami

Phillip Frost

Net Worth: $2.2 billion

Profession: Former dermatologist turned super wealthy businessman

The Source of His Wealth: He’s in the pharmaceutical business and owns more than $850 million in Teva Pharmaceuticals stock. He founded Ivax in 1987, a company that develops generic pharmaceuticals, and sold it 18 years later for $7.6 billion.

Fast Facts: He is married and doesn’t have any kids. He is also went to medical school and received a Bachelor of Arts in science from University of Pennsylvania. He donates regularly to the arts, which led to FUI’s Frost Art Museum.