Billionaire Profile
August Troendle
Global Rank
#999

Image: Public domain | via Wikimedia Commons

August Troendle

CEO, Medpace Holdings
US
Real-Time Net Worth
$4.3B
As of December 2025
Age
69
Source
Pharmaceutical services
Industry
healthcare
Citizenship
US

Biography

August Troendle, a 69-year-old US citizen, is the CEO and founder of Medpace, a leading clinical research organization (CRO). His estimated net worth is $4.3 billion, derived from his success in the pharmaceutical services industry. Troendle's career began with a medical degree from the University of Maryland, followed by experience at the FDA and Novartis (formerly Sandoz). In 1992, he founded Medpace, transforming it into a global powerhouse. His achievements include building a company that offers comprehensive clinical development services, driving groundbreaking treatments, and fostering a patient-centric culture. Forbes consistently recognizes him as one of the wealthiest individuals.

Wealth Over Time

In-Depth Profile

Early Life

August Troendle, born January 1, 1956, is a medical doctor who embarked on a career that blended regulatory oversight, pharmaceutical development, and entrepreneurship. He earned his medical degree from the University of Maryland, School of Medicine.

Rise to Success

Troendle's professional journey began with a stint at the Food and Drug Administration (FDA) as a Medical Review Officer. He then transitioned to the pharmaceutical industry, working at Sandoz (now Novartis). In 1992, recognizing a growing need for high-quality clinical research services, Troendle founded Medpace in Cincinnati, Ohio. His vision was to provide comprehensive support to pharmaceutical and biotechnology companies navigating the complex world of clinical trials. Under his leadership, Medpace has grown into a leading CRO, offering a full range of Phase I-IV clinical development services.

Key Business Strategies

Medpace, under Troendle's leadership, is known for its science-driven approach, leveraging in-depth therapeutic expertise to ensure the successful execution of complex clinical trials. The company's mission is to accelerate the global development of safe and effective medical therapeutics. Medpace has enjoyed substantial organic growth, which has solidified its position in the industry and expanded its global footprint. The company's commitment to quality and innovation has been key drivers of Medpace's growth and reputation.

Philanthropy

Beyond his business achievements, Troendle is known for his philanthropic efforts. He supports various charitable initiatives, particularly in education and healthcare, reflecting his commitment to giving back to the community.

Career Milestones

1986-1987

Medical Review Officer

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

1987-1992

Clinical Development Manager

Served as Assistant Director, Associate Director, and Senior Associate Director at Sandoz (Novartis), responsible for the clinical development of lipid-altering agents.

1992

Founder and CEO of Medpace

Founded Medpace, a clinical research organization, and has served as CEO and Chairman since its inception.

Philanthropy & Social Impact

Healthcare

Healthcare Initiatives

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Supports various healthcare initiatives.

Research

Research Endeavors

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Supports various research endeavors.

Business Philosophy & Leadership

Notable Quotes

""The Medpace mission – to accelerate the global development of safe and effective medical therapeutics.”"

Leadership Principles

Patient-Centricity

Ensuring that clinical trials prioritize the well-being and participation of those involved.

Innovation

Continuously seeking new and improved methods in clinical research.

Quality

Committed to delivering best-in-class service.

Controversies & Challenges

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