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The Key Takeaways
- The Centers for Medicare Medicaid Services will be headed by Dr. Mehmet Az, the TV personality with a net worth estimated at $200 million.
- His financial disclosures for his Senate campaign in 2022 show that he has made investments with big-tech and health care firms, as well as a portfolio of real estate worth millions.
- Oz was selected by President-elect Trump to be the Director of Medicare and Medicaid Services (CMS) in November 2024.
The president-elect's proposed cabinet includes Dr. Mehmet Oz, a physician, TV host—and multimillionaire.
Celebrity Net Worth estimated Oz’s net worth to be $200 million. Robert F. Kennedy, Jr., is Trump’s nominee to head the Department of Health and Human Services, a department that includes Medicare and Medicaid Services.
Oz's first foray into politics came in 2021 when he announced he was running as a Republican for an open Senate seat in Pennsylvania. John Fetterman, a Democrat, was his opponent in 2022. Disclosures made by the campaign included investments in healthcare and big-tech companies as well as a large real estate portfolio.
“Dr. Oz” Salary
Oprah Winfrey catapulted Oz to fame on Oprah, giving him his own eponymous daytime TV show:The Dr. Oz Show, which aired from 2009 to 2022. Harpo Productions and Sony Pictures produced the syndicated show. Oz's show won 10 Emmy Awards during its run.
Oz’s salary as the host of Dr. Oz Show was $2 million, and he reported $7 million in profit from Oz Media. In 2021, he was paid $268,000 to be a Jeopardy guest host.
Oz started his career in heart surgery and became the director of New York Presbyterian Hospital’s Cardiovascular Institute. He also established an Integrative Medicine Program. Oz has patented the Mitraclip. It is a tiny clip which can be implanted using a catheter in order to repair the mitral heart valve. Oz’s 2022 disclosures revealed that he had earned more than $333,000 as royalties.
Oz has also been a prolific and successful author. Eight of his titles are listed on the New York Times Bestseller list.
Tech and Health Investments
Oz and Lisa, his wife, have reported on investments made in the big tech sector, healthcare, private equity, and other areas.
Oz’s financial disclosures for 2022 showed that Amazon (AMZN), Microsoft (MSFT), Apple, Alphabet, (GOOGL), Alphabet, (AAPL), Nvidia, (NVDA), each worth up $5 million and Nvidia, (NVDA), valued at up $1 million.
He owned shares of UnitedHealth Group (UNH), worth up to $500,000. And CVS Health, valued up to $100,000.
Wawa
Oz owned Wawa, a privately-owned gas station chain and convenience store retailer. The shares were valued at between $5 and $25 millions. He disclosed in 2022 that his Wawa investment earned him $5 million as dividends.
Real Estate
Oz also reported an extensive real estate portfolio, including residential and investment properties in New Jersey, New York, Pennsylvania, Florida, Maine, and his parents' native country, Turkey, each valued from $1 million to $25 million. Oz's investment property in Palm Beach, Fla. generated up to $5 million in income, per his 2022 disclosures.
Oz's disclosures also showed that he owns a cattle farm in Okeechobee, Fla., worth up to $5 million and $500,000 worth of cattle.
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