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According to a study by Medscape, some medical doctors shockingly earn more than most CEOs. The study found that anesthesiologists make the most with an annual salary of $269,000. Orthopedists follow this with a yearly salary of $258,000 and plastic surgeons with an annual salary of $251,000. The wages for these highest-paid medical doctors are so lavish that they can surpass the average CEO salary of $176,000 by 100 times.
The average annual salary for a doctor is $190,000. However, some doctors earn much more than the average. The top 10% of doctors earn a $250,000 or more yearly salary. Several factors contribute to these high salaries. Doctors often have to complete many years of schooling and training.
Who are the highest-paid medical doctors in the world?
The highest-paid medical doctors in the world are not who you may think they are. Many of the wealthiest medical doctors work in fields you may not expect.
So who are the wealthiest medical doctors in the world? How they’ve earned this enormous wealth? And how much do they make every year?
We’ve put together a list of some of the most highly-paid, and it includes surgeons, neurologists, anesthesiologists, orthopedic specialists, radiologists, pathologists, gastroenterologists, internist/pediatricians, urologists, obstetrician-gynecologists, ophthalmologists, dermatologists, cardiologists, psychiatrists, pediatricians, general practitioners, oncology physicians, and others.
Here are the Highest-Paid Medical Doctors in the USA
MoneyInc. Estimated Net Worth – $16 Million
Paul Nassif is a Beverly Hills-based facial plastic surgeon with an estimated net worth of $10 million. In addition to his private surgical practice, Nassif is a regular on the E! network’s reality series “Botched.” He and his business partner Dr. Terry Dubrow receive $250,000 per episode. According to Celebrity Net Worth, he was ranked #1 globally for cosmetic surgeons by Forbes Magazine in 2015, with over 1,200 procedures performed annually. His clients include celebrities such as Kim Kardashian West, Kylie Jenner, Kendall Jenner, Vanessa Hudgens, Selena Gomez, Jennifer Lopez, Christina Aguilera, Gwen Stefani, Jessica Alba, Nicole Richie, Eva Longoria, Heidi Klum, Sofia Vergara, Mariah Carey, Beyoncé Knowles-Carter, Madonna, Ariana Grande, Britney Spears, Paris Hilton, Nicki Minaj, Rihanna, Taylor Swift, Katy Perry, Lady Gaga, Demi Lovato, Kelly Osbourne, Kourtney Kardashian, Khloe Kardashian, Tristan Thompson, and Adriana Lima. He is also a regular contributor to Men’s Health magazine.
MoneyInc. Estimated Net Worth – $82 Million
Forbes released its list of the highest-paid medical doctors in the United States, and, to many people’s surprise, plastic surgeon Garth Fisher topped the list. Fisher made an astounding $82 million in 2016, more than most CEOs. Much of this money came from his private practice, where he charges patients up to $100,000 for a single procedure. Garth Fisher is a plastic surgeon with an annual salary of $3.5 million. This makes him one of the highest-paid medical doctors in the USA. Shockingly, most CEOs only earn a yearly salary of $1-2 million. Fisher is not the only doctor who earns a high salary. Many surgeons, cardiologists, and oncologists earn millions of dollars. He has made a name for himself by appearing on various television shows, including the E! network’s “Dr. 90210.” According to Forbes, Fisher is one of the highest-paid doctors in the United States, earning more than twice as much as his nearest competitor. His net worth is estimated at around $12 million.
TheRichest Estimated Net Worth – $15 Million
Robert Rey is one of the highest-paid medical doctors in the United States. His practice specializes in facial reconstruction after cancer treatment or trauma. He practices plastic surgery in Beverly Hills and has an annual income of $6 million. In addition to being a surgeon, he also owns several other businesses, including real estate investments, a health club chain called The Body Shop, and a fitness center named RX Fitness Center. He has been named by Forbes as one of the top 10 cosmetic surgeons in the U.S., with an estimated net worth of $15 million. In 2017, he was listed at number three among the top ten earners for his specialty.
TheRichest Estimated Net Worth – $50 Million
In America, there is a general belief that those who work hard and contribute the most to society should be rewarded with the most compensation. This is undoubtedly true for those in the medical profession, as doctors are some of the country’s most highly respected and well-paid professionals. Leonard Hochstein is a perfect example of this, as he is one of the highest-paid doctors in America. Leonard Hochstein is a medical doctor with an annual salary of $18 million. This makes him one of the highest-paid doctors in the world. Hochstein claims that he does not do it for the money despite his high salary. He enjoys helping people and making them feel better. Hochstein is a highly skilled doctor who has dedicated his life to helping others. He is a role model for all doctors and should be recognized for his accomplishments. Leonard Hochstein’s net worth will continue to grow as more patients seek out his services.
Celebrity Estimated Net Worth – $30 Million
According to a recent study conducted by Medscape, an online resource for physicians, sure medical doctors earn more than most CEOs. One of the highest-paid doctors is Terry Dubrow, a plastic surgeon who makes an annual salary of $3.5 million. He has been named one of the top 10 surgeons in America three times by U.S News & World Report magazine. His estimated net worth is around $30 million.
NetWorthPost Estimated Net Worth – $100 Million
In the United States, some medical doctors are paid more than most CEOs. Shockingly, the highest-paid doctor in the US is James Andrews. Andrews is a sports medicine specialist, and he has an annual income of $6.9 million. This is more than the CEOs of many large companies, such as PepsiCo, Ford Motor Company, and General Electric. He also owns his own company called Sports Medicine Associates. It’s estimated that this business earns him over $1 billion annually. In addition to being one of the richest men alive today, he is also known for having invented “The Super Slider,” which was used by athletes like Tiger Woods during their golf games.
Forbes Estimated Net Worth – $1.7 Billion
Gary Michelson is a spinal surgeon and inventor who has made billions of dollars from his patents. He is one of the highest-paid doctors in the United States, with an annual income of $700 million. Michelson’s wealth has allowed him to become one of the country’s leading philanthropists, funding medical research and animal welfare initiatives. In 2015 he was named by Forbes as the richest man in Florida after being listed on the magazine’s list for three consecutive years. The following year he became the first person to be ranked among the world’s top 10 billionaires by Bloomberg Businessweek and Forbes Magazine at number 6.
Phillip Frost, is one of the Highest-Paid Medical Doctors
Forbes Estimated Net Worth – $4.9 Billion
Phillip Frost is a medical doctor who is also the chairman and CEO of Teva Pharmaceuticals. He has an estimated net worth of $2.9 billion, making him one of the wealthiest people in the world. Shockingly, Frost’s annual compensation from Teva Pharmaceuticals is more than most CEOs make in a year. In 2015, he made $28 million, which was more than the CEOs of Apple, Google, and Microsoft. That same year, Forbes ranked him as the highest-paid pharmaceutical executive on the planet. His salary for 2016 was reported to be around $31.5 million — again, much higher than that of other top executives at major companies. The reason? It seems like it should be obvious: his company makes some pretty expensive drugs.
Thomas Frist, is One of the Highest-Paid Medical Doctors
Bloomberg Estimated Net Worth – $21.1 Billion
One of the highest-paid doctors in the United States isn’t a brain surgeon or a cardiologist, but a pediatrician. According to Forbes, Thomas Frist, Jr., co-founder of the health care company HCA, was paid $86 million in 2013. That’s more than the CEOs of most major corporations. He made as much money last year as all but six other people on this list combined. The only thing that could have topped his haul would be the CEO of Time Warner instead of AOL. And even then, it might not have come close. As for what he does with all that cash? He donates millions of dollars to medical research and humanitarian causes like Haiti earthquake relief each year.
Patrick Soon Shiong
Bloomberg Estimated Net Worth – $10.1 Billion
Patrick Soon Shiong, one of the highest-paid medical doctors in the United States, is estimated to be worth over $9.1 billion dollars as of 2020. He has been called “the world’s most successful doctor” by Business Insider and Forbes Magazine. In 2018 he was ranked #3 on Fortune magazine’s list of The World’s 50 Greatest Leaders. His net worth comes from his ownership stake in NantHealth, which develops diagnostic cancer tests. He is currently the CEO of NantWorks, an investment firm with $1 billion under management. Patrick Soon-Shiong also owns several other companies, including AbbVie; Aptalis Pharmaceuticals; Cardiome Pharma; Corvidia Inc.; Elan Corporation; Foundation Medicine Inc.; Gerson Lehrman Group; Helix BioSciences; Invitae; Karyopharm Therapeutics; Kinetic Concepts; Life Technologies Corp.; Nanostring Technologies; NextCure Health; OncoSec Medical Ltd.
In the United States, the average salary for a medical doctor is $202,000. However, a few medical doctors earn much more than the average.
Highest-paid Medical Doctors: The Conclusion
In any given year, a select few medical doctors earn more than the average CEO of a major company. This may come as a shock to some, as most people assume that those in the medical field are not compensated as generously as those in other industries. However, according to recent data from Payscale, this is not always the case.
Various factors can contribute to a doctor’s high earning potential.
But what about you? How do your paychecks compare with those of the best-paid execs at big corporations?