Alice Schwartz
$2.3B
Born
Jul 02, 1926
Age
99
Source of Wealth
Medical devices
Residence
El Cerrito, California
Citizenship
United States
Marital Status
Widowed
Children
2
Education
Bachelor of Arts/Science, University of California, Berkeley
- 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.
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