Billionaire Profile
J
Global Rank
#471

Image: Committee on Science | Public domain | via Wikimedia Commons

Judy Faulkner

CEO, Healthcare software
UNITED STATES
Real-Time Net Worth
$7.812B
Estimated based on Healthcare software stock value as of April 20, 2026
0% (24h)
Age
82
Source
Healthcare software
Industry
Technology
Citizenship
UNITED STATES

Biography

Judy Faulkner, a pioneering figure in healthcare technology, is the founder and CEO of Epic Systems. Born in 1943, she has built a career centered around innovation in health informatics. Her net worth, estimated at $7.8 billion as of July 2024, stems from her majority ownership of Epic Systems, a leading provider of healthcare software. Faulkner's career began with a vision to transform medical record-keeping, and her achievements include building Epic into the largest electronic health records vendor by market share. She is recognized as the "most powerful woman in healthcare" by Forbes. In addition to her business success, Faulkner is committed to philanthropy, having signed The Giving Pledge and planning to donate 99% of her assets to charitable causes.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Judy Faulkner was born on August 11, 1943, in Cherry Hill, New Jersey. Her early interest in healthcare was inspired by her parents; her father was a pharmacist, and her mother was involved in social responsibility. She graduated from Moorestown Friends School in 1961. Faulkner earned a Bachelor's degree in Mathematics from Dickinson College in 1965 and a Master's degree in Computer Science from the University of Wisconsin–Madison in 1967.

Rise to Success

In 1979, Faulkner founded Human Services Computing, which later became Epic Systems. She started the company with a modest investment of $70,000 from family and friends. Epic Systems developed large-scale software systems for electronic health records. Under Faulkner's leadership, Epic has grown to become the market leader in the healthcare software industry, managing the medical records of over 300 million patients. The company has never taken venture capital or been acquired, remaining privately held.

Key Business Strategies

Epic's success is attributed to Faulkner's innovative approach and steadfast commitment to patient-centered care. The company has focused on building an integrated suite of healthcare applications. Epic's business model involves large upfront implementation fees and annual per-user licensing fees. The company's culture emphasizes in-house development and direct interaction with healthcare professionals to improve software. Epic’s revenue in 2024 was $5.7 billion.

Philanthropy

Judy Faulkner is deeply committed to philanthropy. In 2015, she signed The Giving Pledge, committing to donate 99% of her assets to philanthropy. In 2019, she and her husband, Dr. Gordon Faulkner, founded the Roots & Wings Foundation, which supports nonprofits assisting low-income children and families. Roots & Wings made $84.5 million in grants to more than 300 organizations in 2025.

Career Milestones

1979

Co-founded Human Services Computing (later Epic Systems)

Started the company with a $70,000 investment and developed software for healthcare.

2013

Recognized as "Most Powerful Woman in Healthcare" by Forbes

Acknowledged for her significant influence in the healthcare industry.

2015

Signed The Giving Pledge

Committed to donating 99% of her assets to philanthropy.

2019

Founded Roots & Wings Foundation

Established a family foundation focused on supporting low-income children and families.

Philanthropy & Social Impact

Family Foundation

Roots & Wings Foundation

$84.5M

Supports nonprofits aiding low-income children and families through various programs in 2025

Business Philosophy & Leadership

Notable Quotes

"“One of the things that made Epic strong when I wrote the original code was that it never occurred to me to do anything other than put the patient at the center. I developed a clinical system at a time when the health care world had pretty much only billing and lab systems available.”"

"“Math is truth and computer science is what works. It's great to put them together because you need both.”"

Leadership Principles

Patient-centered focus

Prioritizing the patient's needs in the development and implementation of healthcare software.

Long-term vision

Building a sustainable company that remains privately held and employee-owned.

Innovation

Creating new ways to revolutionize healthcare data management.

Controversies & Challenges

Unknown

Antitrust Lawsuit

An antitrust lawsuit alleging Epic holds a monopoly on electronic health records, charges the company dismissed as "baseless."

Unknown

Implementation Difficulties

Some implementations of Epic systems have faced difficulties, including in the UK, with issues such as unstable systems and delays in care.