Robert Duggan

About Robert Duggan

Birth Place: Clearwater, Florida, United States

Robert Duggan Net Worth

Robert Duggan was born in Clearwater, Florida, United States. Robert Duggan sold his biotech firm Pharmacyclics to AbbVie in May 2015 for $21 billion. His pretax payout was $3.5 billion in cash and stock. He has since sold the majority of his shares and invested in tech and healthcare companies. Duggan knew nothing about running a biotech company when he first gambled on the cancer drug maker back in 2004. But having lost a son to brain cancer, he was passionate about the research. Four years later, Duggan took over as CEO after the company's board resigned en masse. By 2013 he was a billionaire thanks to the surprising success of Imbruvica, a potent, blockbuster treatment for chronic lymphocytic leukemia. Duggan's enthusiasm for investing began four decades earlier in a corporate finance class he took at University of California at Santa Barbara. Before striking it big with Pharmacyclics, he invested in tech companies, a cookie bakery and a pioneering robotic surgery company. Duggan is apparently a top donor to the Church of Scientology, of which he is a member; he says he's given the church nearly $360 million over his lifetime.
Robert Duggan is a member of Healthcare

💰 Net worth: $1.97 Billion (Updated at 22 June 2018)

2013 $1.6 Billion
2014 $1.75 Billion
2015 $3 Billion
2016 $2.6 Billion
2017 $2.6 Billion
2018 $2.01 Billion

Biography/Timeline

1944

He was educated at the Shady Side Academy, After graduating from high school in 1944, he enlisted in the Air Force and spent the remainder of World War II in the aviation cadet training program. Following the war, he attended the University of Pennsylvania for an undergraduate degree and earned his law degree from the University of Pittsburgh.

1964

Duggan was elected Allegheny County District Attorney in 1964, and re-elected in 1967 and 1971. During Duggan's 10-year tenure as DA there were few prosecutions for gambling. Duggan's predecessor in the DA's office was Democrat Edward "Easy Going Eddie" Boyle. Unlike his predecessor, Duggan was born to an affluent family, with an estate in nearby Ligonier Township, Westmoreland County.

1973

He married his longtime partner, socialite Cordelia Scaife May, an heiress to the Mellon fortune, on August 23, 1973 in Las Vegas.

1974

Thornburgh obtained an indictment on March 5, 1974. That same day, Duggan was found shot to death on his family estate in Ligonier Township, victim of a shotgun blast. The body was found on the grounds of the estate; the shotgun was seven to ten feet from the body. Duggan, authorities said, apparently had been hunting before accidentally or purposefully turning the shotgun on himself. The Pittsburgh Press asked, "Was the law closing in on Robert W. Duggan so inexorably that his only escape was suicide?"