What is John Kapoor's Net Worth?
John Kapoor is an American entrepreneur who has a net worth of $50 million. At his peak in 2017, with his company's stock price soaring, John Kapoor's net worth was just under $2 billion. In October 2017 John was arrested on RICO and wire fraud charges. He found guilty on all charges and served 2.5 years in prison. In 2019, his company filed for bankruptcy.
A serial pharmaceutical company entrepreneur, Mr. Kapoor rose to riches as the founder and executive chairman of Insys Therapeutics. He was born in India and first came to the States in 1964 to study pharmaceutical sciences at the University at Buffalo. In 1972, Kapoor completed his Ph.D. and joined LyphoMed, a struggling pharmaceutical company at the time. By 1983 he ascended to the CEO position and then he took the company public. Kapoor sold his share in LyphoMed a decade later, earning $100 million. He used that money to back two separate drug-making companies, Akorn and INSYS Therapeutics, which now comprise the most of his billion dollar fortune. Akorn is a generic manufacturer that has been operating since the early 1990s, while INSYS Therapeutics is a cancer-treatment maker that went public last May. Having lost his wife to breast cancer, John Kapoor established the John and Editha Kapoor Charitable Foundation to fight the deadly decease.
