Tuesday 19 November 2019

John Climax

Place: 70 Change: + 3

John Climax

John Climax

Worth 2019 €237 m (17.33%)

Worth 2018 €202 m

  • Industry Pharmaceuticals

Singapore-born Dr John Climax (67) co-founded one of the world's biggest clinical trial companies, Icon Pharmaceuticals with fellow Rich Lister Ronan Lambe. It currently employs 13,000 people in 38 countries.

He's believed to retain a stake of 2.2pc - worth about €146m - in the Nasdaq-listed business, which floated in 1998 and is now valued at over $7.5bn. The shares had a good year in 2018, and are up by about 25pc.

The Foxrock-based entrepreneur sold about €70m worth of shares when he stepped down as CEO in 2009, having banked salaries over the years of more than €15m, but he has a second company, DS Biopharma that is focused on developing treatments for dermatitis and other skin conditions, also co-founded with Lambe. A firm that was spun out in 2016, Afimmune booked a €12m loss in 2017.

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