Introducing Miami’s Billionaire, Dr. Phil Frost

In Finance

Where there are Palm trees in Florida, there’s pigeons in New York City.

Miami’s second richest man, Dr. Phil Frost, is obsessed with palm trees. Frost takes pride in his knowledge about palm trees. Rhapis excelsa, the Lady Palm, is grown in the garden and used indoors in homes and offices around the world. Rhapis adapts to a wide range of climates, soils, and environments, making the “Lady Palm” popular for many applications.


Image Credit: investorshub

Frost is a businessman, investor, and a certified dermatologist and irrepressible entrepreneur

Frost’s decision to specialize in dermatology contained an element of chance, as an undergrad he developed an unsightly wart on his elbow that prompted him to go to a Penn faculty member who happened to be doing research on cantharidin, otherwise known as Spanish fly, for an application to remove warts.

Frost is also the chairman and CEO of Opko Health, a midsize pharmaceutical and medical-diagnostics company with promising remedies in numerous areas, including chronic kidney disease and prostate-cancer detection.


Frost has the mind-set of a savvy value investor, only it’s enhanced by a deep understanding of molecular biology and a penchant for swiftly striking opportunistic deals.

His office desk is stacked with pitchbooks and proposals, as well as dual flat-panel Bloomberg screens, with dozens of stocks on his watch list blinking green and red.


Frost has no decedents. He works closely with his wife, Patricia on funding that will be used on a mission to transform Miami from a city best known for its beaches, golf courses and trendy Latin-Caribbean cuisine into a mecca for art and science.



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