Gary Michelson

About Gary Michelson

Birth Day: January 14, 1949
Birth Place: Los Angeles, California, United States
Birth Sign: Aquarius
Residence: Los Angeles, CA
Alma mater: B.A. Temple University M.D. Hahnemann Medical College
Occupation: Medical device inventor / Philanthropist / Board Certified Spinal Surgeon
Spouse(s): Alya Michelson
Children: 3

Gary Michelson Net Worth

Gary Michelson was bornon January 14, 1949 in Los Angeles, California, United States. Gary Michelson was trained as an orthopedic and spinal surgeon and holds more than 340 U.S. patents for orthopedic instruments, methods and devices, a number of which have been instrumental in improving spinal surgical procedures. In 2005 he became a billionaire when he reached a $1.35 billion settlement with medical device giant Medtronic after years of litigation over his patents. Michelson, who joined the Giving Pledge in June 2016, has previously made donations in support of medical research, animal welfare and education. In 2014 he donated $50 million to the University of Southern California for a building that will house both engineering studies and biomedical research. He also heads several nonprofit organizations, including the Twenty Million Minds Foundation, the Found Animals Foundation, and the Michelson Medical Research Foundation. To date, he has given over $200 million to his foundations.
Gary Michelson is a member of Health care

💰 Net worth: $1.7 Billion (Updated at 22 June 2018)

2009 $1.3 Billion
2010 $1.4 Billion
2011 $1.4 Billion
2012 $1.4 Billion
2013 $1.5 Billion
2014 $1.55 Billion
2015 $1.55 Billion
2016 $1.6 Billion
2017 $1.7 Billion
2018 $1.7 Billion

Some Gary Michelson images

Biography/Timeline

2005

Michelson announced his intent to launch a medical philanthropic venture in a 2005 New York Times article, at that time planning to apply at least $200 million to explore and scale leading edge medical Technology, like nanotechnology and stem cell research. Founded in 1995, The Gary Karlin Michelson, M.D. Charitable Foundation, Inc. was rechristened the Michelson Medical Research Foundation in 2005. With no paid officers and an initial contribution of $100 million later augmented by Michelson's add-on contributions, the nonprofit does not accept donations.

2008

In 2008, Michelson's Found Animals foundation launched the Michelson Prize and Grants in Reproductive Biology an international competition with a 25 million dollar prize that represents a unique experiment in innovation aimed at solving the Problem of pet overpopulation. His goal is to encourage researchers from a wide variety of scientific fields to take on the challenge of non-surgical pet sterilization. Recognizing that interested parties may not have access to funds the research and testing would require, also offered is the companion Michelson Grants in Reproductive Biology that will provide up to $50 million in funding for promising research. The Michelson Prize seeks to make sterilization accessible and affordable worldwide and aid developing countries where this Problem is even greater.

2013

With a budget of 15 million dollars as of November 2013, 65 full-time employees and 137,000 volunteer hours to date, Found Animals provides no cost spay and neuter services to low income households, a grant program supporting spay/neuter and surrender prevention programs, a kitten foster program which saved more than 1,000 kittens in 2015 and the Saving Pets Challenge which raised $1 Million for animal welfare organizations nationwide.

2015

In the December 2015 issue of Forbes Magazine, Gary K. Michelson was featured alongside Warren Buffett, william A. Ackman, Michael Milken, Michael J. Fox as one of "10 People with Big Ideas to Change the World".

2016

In the August 2016 special issue of the Los Angeles Business Journal, Dr. Gary Michelson was listed among the 500 most influential people in Los Angeles.

2017

In January 2014 it was announced that Michelson gifted $50 million to the University of Southern California for the USC Michelson Center for Convergent Bioscience. The venue opened its doors on November 1st, 2017.

2019

In a program directly acknowledged by the L.A. Mayor’s office, Dr. Michelson’s Found Animals Foundation paid for all the costs of anyone who would rescue a dog or cat scheduled for euthanasia. It is estimated that Dr. Michelson has thus far devoted a total of $300 million to various causes.