BillionaireNet
Troendle
August Troendle
Rank #979
UNITED STATESHealthcarePharmaceutical services

August Troendle

Net Worth
$4.113B
+0.46% (24h)
Dr. August Troendle is the CEO and Chairman of Medpace, a global clinical research organization (CRO). With a medical degree from the University of Maryland, Dr. Troendle has built a career that has spanned the FDA, the pharmaceutical industry, and entrepreneurship. He founded Medpace in 1992, and he currently has an estimated net worth of $4.3 billion. His wealth stems from his role at Medpace, which conducts clinical trials for pharmaceutical companies. His dedication to patient well-being and commitment to advancing medical progress make him a leader in the healthcare industry.

The Full Dossier

Early Life

August Troendle obtained his medical degree from the University of Maryland, School of Medicine. Before founding Medpace, Troendle's experience included working as a Medical Review Officer in the Division of Metabolic and Endocrine Drug Products at the FDA from 1986 to 1987. From 1987 to 1992, he served as a manager at Sandoz (Novartis), where he was responsible for the clinical development of lipid-altering agents.

Rise to Success

In 1992, Dr. Troendle founded Medpace in Cincinnati, Ohio. His vision was to provide comprehensive support to pharmaceutical and biotechnology companies navigating clinical trials. This move capitalized on the growing need for high-quality clinical research services. He also saw an opportunity to offer a more innovative way to conduct clinical trials on behalf of biopharmaceutical sponsors.

Key Business Strategies

Dr. Troendle's leadership has been instrumental in transforming Medpace into a global powerhouse. Medpace has grown to over 6,000 associates across 40 countries, with a full-service CRO model. The company's mission is to accelerate the global development of safe and effective medical therapeutics. The company has a strong focus on a patient-centric approach.

Philanthropy

August Troendle is a compassionate philanthropist, generously supporting healthcare initiatives and research endeavors. His belief in giving back has made a lasting impact on the Cincinnati community and beyond.

Career Timeline

1992

Founder of Medpace

Founded Medpace in Cincinnati, Ohio.

1986

Medical Review Officer

Worked at the FDA's division of metabolic and endocrine drug products.

Philanthropic Impact

Healthcare$XB

Healthcare Initiatives

Supports healthcare initiatives

Research$XB

Research Endeavors

Supports research endeavors

Wealth Trajectory