Billionaire Profile
Gary Michelson
Global Rank
#2156

Image: Public domain | via Wikimedia Commons

Gary Michelson

CEO, Medical patents
US
Real-Time Net Worth
$1.8B
As of December 2025
Age
76
Source
Medical patents
Industry
healthcare
Citizenship
US

Biography

Dr. Gary K. Michelson is a 76-year-old American orthopedic surgeon, medical inventor, and philanthropist. His wealth stems from his groundbreaking medical patents in spinal surgery. After a career as a practicing spinal surgeon for over 25 years, and with over 950 patents worldwide, Michelson sold his patents to Medtronic in 2005 for $1.35 billion. He is the sole inventor on over 950 issued or pending patents worldwide related to the treatment of spinal disorders. He is now dedicated to philanthropy, focusing on medical research, education, and animal welfare. Michelson has been recognized for his contributions, including being inducted into the National Inventors Hall of Fame.

Wealth Over Time

In-Depth Profile

Early Life and Education

Gary K. Michelson was born in Philadelphia on January 14, 1949. He was raised by his mother and grandmother. His grandmother's struggle with syringomyelia sparked his interest in spinal ailments. He graduated from Central High School of Philadelphia in 1966 and went on to attend Temple University and Hahnemann Medical College, completing his medical residency in orthopedic surgery at Hahnemann Medical Hospital in 1979. He furthered his training with a fellowship in spinal surgery.

Rise to Success

Michelson became a world-renowned orthopedic surgeon and the most prolific inventor in medical history. He developed new implants, instruments, and procedures for spinal surgery, known as "Michelson Devices". He holds over 950 patents worldwide related to the treatment of spinal disorders. A pivotal moment in his career was the 2005 sale of his spine-related patents to Medtronic for $1.35 billion, which propelled him onto the Forbes 400 list.

Philanthropy

Since 2005, Michelson has dedicated himself to philanthropy through Michelson Philanthropies. The foundations focus on medical research, education, and animal welfare. He has signed the Giving Pledge and is involved in various initiatives, including the USC Michelson Center for Convergent Bioscience and the California Institute for Immunology & Immunotherapy at UCLA.

Career Milestones

1979

Completed Medical Residency

Finished residency in orthopedic surgery at Hahnemann Medical Hospital.

2001

Retired from Private Practice

Focused on Philanthropy.

2005

Sold Patents to Medtronic

Sold spine-related patents to Medtronic for $1.35 billion.

2011

Inducted into National Inventors Hall of Fame

Recognized for his inventions in spinal surgery.

2016

Signed The Giving Pledge

Committed to donating the majority of his wealth to philanthropic causes.

Philanthropy & Social Impact

Medical Research

Michelson Medical Research Foundation

$100M+

Supports research in vaccine development, immunology, and immunotherapy.

Animal Welfare

Michelson Found Animals Foundation

N/A

Focuses on animal welfare, including microchipping and adoption programs.

Medical Research

USC Michelson Center for Convergent Bioscience

$50M

Funds research at the intersection of engineering and the life and biomedical sciences.

Medical Research

California Institute for Immunology & Immunotherapy (UCLA)

$120M

Supports research in immunology and immunotherapy.

Education

Michelson 20MM Foundation

N/A

Focuses on improving educational access and equity.

Business Philosophy & Leadership

Notable Quotes

"“I have been blessed with three healthy and happy children. For that matter, my wife and I are healthy and happy. Each of these things are gifts, blessings if you will. Yes, life is not fair for I have been given way too much. As for the money it cannot all be for us. It must be purposed to do some good in the world. Perhaps to make life a little less unfair.”"

"“We were given the greatest intellectual property system on the face of the earth. And, but for that, some Goliath company could have just crushed us and taken [our inventions] for nothing. I mean, this is the only shield that we had and, at least for me, it worked and it seems to have worked for others.”"

Leadership Principles

Innovation

Applied to all his devices and discoveries, encouraging disruption and creativity.

Commitment

Dedicated to improving outcomes for spinal surgery patients and making a positive impact on society.

Vision

Bridging strengths in a broad range of disciplines, including the sciences, engineering, medicine, mathematics and computer science.