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San Diego
Saturday, May 18, 2024

No. 16 , Martin Wygod

Estimated net worth: $400 million

Martin Wygod, 67, is an entrepreneur who has managed to make and keep a fortune built upon online ventures.

He is worth $400 million and comes in at No. 16 on the San Diego Business Journal’s list of wealthiest residents this year.

Among Wygod’s high-profile Internet company projects is the expansion of health and medical Web site WebMD to include partnerships with health insurance management companies interested in creating more comprehensive online account services for their members via WebMD.

Before the online market opened up, Wygod cut his teeth on the late Fletcher Jones’ Computer Sciences, where he learned to help small businesses become large companies, and on New Jersey-based Medco Containment Services Inc., where he oversaw the distribution of high volumes of mail-order prescription drugs until New Jersey-based Merck & Co. Inc. bought the company in the early 1990s for a reported $6.5 billion.

Wygod remained with Merck & Co. for a year, serving on the board of directors, but quickly cashed out for $250 million, according to published reports.

When he’s not working on online ventures, Wygod is heavily involved in horses.

The New York native breeds racehorses. He once paid more than $9 million for a single horse, according to published reports.

He relocated his family to California in the mid-1990s to pursue the horse-breeding business, first to Santa Barbara, then to Rancho Santa Fe.

He has served on the board of the Del Mar Thoroughbred Club and as a trustee of the Thoroughbred Owners and Breeders Association, the nation’s largest group of its kind.

Wygod and his wife, Pam, run the Aubrey Rose Foundation, a charity specifically set up to help the families of children with long-term or terminal illnesses.

Among those locally to benefit from the couple’s charity is Rady Children’s Hospital.


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