80-year old Star Island resident Phillip Frost is enjoying his greatest success ever with OPKO Health, which he joined as CEO and chairman in 2007.
As of earlier this week, OPKO’s market cap had reached nearly $10 billion (the share price is down today after the company announced a $1.6 billion acquisition.) Although the company still has little revenue, it is already worth more than Ivax Pharmaceuticals, which Frost sold to Israel’s Teva Pharmaceuticals in 2006 for $7.4 billion after being involved with the company for nearly 20 years.
Frost controls nearly a third of OPKO’s shares, or nearly $3 billion worth.
OPKO is headquartered at 4400 Biscayne Boulevard, in the same building where Ivax was based.