Richest BusinessExecutives
Net Worth:
$500 Million
Feb 13, 1935 - Sep 11, 2018 (83 years old)
Entrepreneur, Businessperson
💰 Compare Don Panoz's Net Worth

What was Don Panoz's net worth?

Don Panoz was an American entrepreneur who had a net worth of $500 million at the time of his death. Don Panoz died on September 11, 2018 at the age of 83.

Don Panoz was born in Alliance, Ohio in February 1935. He served in the United States Army in Japan before studying at Duquesne University.

After graduating, Panoz opened two drug stores in Pittsburgh, Pennsylvania. In 1961 he and Milan Puskar formed Milan Pharmaceuticals, which was later renamed Mylan.

Don Panoz

Ker Robertson /Allsport / Getty Images

Panoz was the head of the company and helped invent time-release medication using a transdermal patch which has mostly been used for nicotine. In 1969 he left the company and formed Elan Corporation.

In 1992 Don and his wife Nancy founded Chateau Elan Winery & Resort in Georgia. Panoz is also involved in motorsports and started Panoz Auto Development in 1989. He formed Panoz Motorsports in 1997 and entered the Panoz Esperante GTR-1 at Le Mans. He founded the American Le Mans Series in 1999.

All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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