Billionaire Profile
August Troendle
Global Rank
#1163

Image: Bobak Ha'Eri | CC BY 3.0 | via Wikimedia Commons

August Troendle

CEO, Pharmaceutical services
UNITED STATES
Real-Time Net Worth
$3.632B
Estimated based on Pharmaceutical services stock value as of March 6, 2026
+0.78% (24h)
Age
70
Source
Pharmaceutical services
Industry
Healthcare
Citizenship
UNITED STATES

Biography

August Troendle, M.D., is the CEO and founder of Medpace, a global clinical research organization (CRO). His net worth in 2024 is estimated at $3.3 Billion, a significant increase from $1.6 billion in 2023, reflecting the success of Medpace, which provides pharmaceutical services. Troendle's career includes experience at Novartis (formerly Sandoz) and as a Medical Review Officer at the FDA. His vision has driven Medpace's growth, establishing it as a trusted partner in drug and medical device testing. With a medical degree from the University of Maryland and an MBA from Boston University, Troendle's leadership is characterized by a commitment to excellence and patient-centric research.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

August J. Troendle, M.D., was born on January 1, 1956. He earned his Medical Degree from the University of Maryland, School of Medicine and his Master of Business Administration from Boston University.

Rise to Success

Dr. Troendle's career began with a focus on pharmaceutical development. Before founding Medpace, he held positions at Sandoz (now Novartis), where he was responsible for the clinical development of lipid-altering agents. He also worked as a Medical Review Officer in the Division of Metabolic and Endocrine Drug Products at the FDA from 1986 to 1987. In 1992, Dr. Troendle founded Medpace, a full-service CRO, with the vision of offering a more innovative approach to clinical trials.

Key Business Strategies

Medpace, under Dr. Troendle's leadership, has become a pre-eminent CRO, providing services to sponsors in drug and device development across over 45 countries. The company focuses on physician-led clinical development and internal expertise to ensure high-quality research. The company's mission is to accelerate the global development of safe and effective medical therapeutics.

Philanthropy

Specific philanthropy amounts could not be located in the search results, but Dr. Troendle's recognition as the EY Entrepreneur Of The Year suggests community involvement. Further research may reveal specific initiatives.

Career Milestones

1986-1987

Medical Review Officer, FDA

Served as a Medical Review Officer in the Division of Metabolic and Endocrine Drug Products at the FDA.

1987-1992

Manager at Sandoz (Novartis)

Responsible for the clinical development of lipid altering agents.

1992

Founded Medpace

Founded Medpace, a full-service CRO.

Philanthropy & Social Impact

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Undisclosed

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Business Philosophy & Leadership

Notable Quotes

""The Medpace mission – to accelerate the global development of safe and effective medical therapeutics,” is key to our success.”"

Leadership Principles

Patient-centric research

Prioritizes patient-focused research methodologies.

Fostering a Culture of Excellence

The emphasis on a culture of excellence is a key component.

Controversies & Challenges

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