Rank #1770
Alice Schwartz
Net worth $2.2B
Medical devices · United States
- Born
- Jul 02, 1926
- Age
- 99
- Source
- Medical devices
- Residence
- El Cerrito, California
- Citizenship
- United States
- Marital status
- Children
- 2
- Education
- Bachelor of Arts/Science, University of California, Berkeley
Net worth over time
Biography
- With $720 in savings, Alice Schwartz and her husband David launched Bio-Rad Laboratories in a Berkeley Quonset hut in 1952.
- Early products included ion exchange resins, substances used to facilitate pharmaceutical manufacturing and lab research.
- Bio-Rad now sells 10,000 life science research and clinical diagnostics products and had 2024 revenues of $2.6 billion.
- Bio-Rad held its IPO in 1966. It was listed on the American Stock Exchange in 1980, then the New York Stock Exchange in 2008.
- Schwartz, who was widowed in 2012, stepped down from the board in 2022; her son Norman is chairman and CEO.
- Schwartz studied biochemistry at UC Berkeley where she met her husband David.
- Bio-Rad's products include a screening kit for cancerous genetic mutations and an HIV test that analyzes antibodies and antigens for early virus detection.
Financial assets
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