Saturday, Nov 28th

Last update10:31:37 PM GMT

You are here News Health Seven Cancer Drug Billionaires Unmasked as Roche Surges

Seven Cancer Drug Billionaires Unmasked as Roche Surges

E-mail Print PDF

Roche billionairesRoche Holding AG (ROG), the Basel, Switzerland-based drugmaker that manufactures the world’s best- selling cancer treatment and reached a five-year high this week, has minted at least 12 Swiss and German billionaires. Seven have never appeared individually on an international wealth ranking.

The dozen billionaires, who are drawn from the Engelhorn family of Germany and Switzerland’s Hoffmann-Oeri clan, have a combined fortune valued at more than $35 billion, according to the Bloomberg Billionaires Index.

Eight of the medicine moguls are great-grandchildren of Roche founder Fritz Hoffmann-La Roche, who created cough-syrup maker F. Hoffmann-La Roche & Co. in 1896. Hoffmann’s heirs control at least half of Roche’s voting rights and a 9.3 percent economic interest in the company, according to the company’s annual report.

“The family avoids the spotlight,” Martin Voegtli, a Zurich-based analyst with Kepler Capital Markets SA, said by phone. “On the operational side of things their involvement is limited, although they are fully committed to the business.”


Most Recent Related Stories...

Despite promise, Turing pharmaceuticals opts to keep list price of Daraprim high

Deraprim- Despite a promise from its chief executive two months ago, Turing Pharmaceuticals said Wednesday it...

Federal Court: Restrictive WI Abortion Law Is Unconstitutional, Endangers Women's Health

Wisc. abortion law unconstitutionalA Wisconsin law that requires abortion providers to get admitting privileges at nearby hospitals is unconstitutional,...

Frank Gifford suffered from brain disease CTE, family says

Frank Gifford had CTEPro Football Hall of Famer Frank Gifford, who died this past summer of natural causes, suffered...

CDC says E. coli outbreak linked to Chipotle restaurants now involves six states

Chipolte E.coli outbreak is in six statesAn outbreak of E. coli that was first reported in the Pacific Northwest and linked to...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!