BillionaireNet
Paul
David Paul
Rank #1785
UNITED STATESHealthcareMedical devices

David Paul

Net Worth
$2.209B
+1.96% (24h)
David Paul (born in 1966 or 1967) is an American billionaire businessman, best known as the founder and executive chairman of Globus Medical, a leading medical device manufacturer. With a background in mechanical engineering, Paul's career includes a significant role at Synthes before founding Globus Medical in 2003. His wealth primarily stems from the success of Globus Medical, which he took public in 2012. As of February 2024, his net worth was estimated at $1.4 billion, positioning him among the world's wealthiest individuals.

The Full Dossier

Early Life

David Paul was born in India in either 1966 or 1967. He holds a B.S. in mechanical engineering from the University of Madras. He later moved to the United States to pursue a Master of Science in Computer Integrated Mechanical Engineering Systems at Temple University.

Rise to Success

Paul's career began with a role as an engineer at medical device giant Synthes. In 2003, he left Synthes to found Globus Medical. Paul took Globus public in 2012. Globus Medical manufactures spine implants, with one of their innovative products being the Excelsius GPS, a spinal surgery robot.

Key Business Strategies

Paul's success can be attributed to his vision in the medical device industry and his focus on innovation. A key element of his strategy was the acquisition of Excelsius Surgical and its robot, the Excelsius GPS.

Philanthropy

While specific details about David Paul's philanthropy are limited in the search results, he serves on the board of Free Flow Medical, an early-stage medical device company, and Cross Ventures, LLC, a real estate development company.

Career Timeline

2017

Stepped down as CEO

Paul stepped down as CEO of Globus Medical due to a health condition, remaining as Executive Chairman.

2012

Globus Medical IPO

Globus Medical went public, marking a significant milestone in the company's growth.

2003

Founded Globus Medical

David Paul established Globus Medical, a medical device company specializing in spine implants.

Philanthropic Impact

Arts and Culture$0.145B

M David and Diane Paul Foundation

The M David and Diane Paul Foundation, based in Santa Monica, CA, supports arts and culture in Los Angeles

Wealth Trajectory