Fentanyl Billionaire No More: John Kapoor's Net Worth Drops Below $1 Billion

John Kapoor’s net worth dropped to $875 million on Friday. Photo By Jamel Toppin for Forbes

The founder of embattled fentanyl manufacturer Insys Therapeutics is no longer a billionaire. Five years after joining the Forbes Billionaires List, John Kapoor now has a net worth of $875 million.

Kapoor’s fortune is mostly comprised of his stakes in Insys Therapeutics and generic drug manufacturer Akorn Inc., whose shares fell 24% on Friday after a Delaware judge allowed German drugmaker Fresenius to officially terminate its merger agreement with the Lake Forest, Ill.-based company.
Read more at Forbes starting at ‘Back in 2017, Fresenius had announced plans to acquire Akorn in a deal valued at $4.3 ‘ at……Fentanyl Billionaire No More: John Kapoor’s Net Worth Drops Below $1 Billion

Do you like our articles? What do you want to see or read about the wealthy?

This site uses Akismet to reduce spam. Learn how your comment data is processed.