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Discuss Latest WCI Blog Post: The Rise of Dr. Oz and How He Made So Much Stinkin’ Money

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  • Discuss Latest WCI Blog Post: The Rise of Dr. Oz and How He Made So Much Stinkin’ Money

    Dr. Mehmet Oz didn't make his money solely through his work as a heart surgeon. Here's how he traversed the golden path to wealth.

    The post The Rise of Dr. Oz and How He Made So Much Stinkin’ Money appeared first on The White Coat Investor - Investing & Personal Finance for Doctors.



    Click here to view the article!
    Helping those who wear the white coat get a fair shake on Wall Street since 2011

  • #2
    So basically his dad strong-armed him into choosing a career goal too early, he chose doctor because his dad was a doctor and that’s what he knew, and he wanted his dad to be proud of him, then after he accomplished what he told his dad he would do, he leveraged it to tell the masses what they wanted to hear and make a fortune.

    Comment


    • #3
      Originally posted by Anne View Post
      So basically his dad strong-armed him into choosing a career goal too early, he chose doctor because his dad was a doctor and that’s what he knew, and he wanted his dad to be proud of him, then after he accomplished what he told his dad he would do, he leveraged it to tell the masses what they wanted to hear and make a fortune.
      That sounds about right. Never watched his show but my understanding is about the same as yours. Seems like he sold a lot of snake oil and people really like snake oil.

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      • #4
        Originally posted by Tangler View Post

        That sounds about right. Never watched his show but my understanding is about the same as yours. Seems like he sold a lot of snake oil and people really like snake oil.
        Or maybe his long term goal was to be a Senator?
        Tons of snakes there making $174k.

        Comment


        • #5
          Originally posted by Tim View Post

          Or maybe his long term goal was to be a Senator?
          Tons of snakes there making $174k.
          That's the oddest part of the article. Pointing out the Senator salary and acting like he is choosing a life of public service. All these people do much better than their salary- wonder how that happens...

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          • #6
            Soooo….

            evidence based medicine?

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            • #7
              Woke up to this article. The tone of triumphalism was quite unpleasant with my morning coffee. Oz’ success came at the expense of his integrity. He got rich using his medical degree as a huckster for false health information. The story sounds much like celebrating a doctor who made it by starting a tobacco company.
              My Youtube channel: https://www.youtube.com/channel/UCFF...MwBiAAKd5N8qPg

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              • #8
                I thought the article was interesting. I have never watched the show. Some people seem to crave the media spotlight. Sounds like his wife also brought some significant wealth to the party.

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                • #9
                  Originally posted by Antares View Post
                  Woke up to this article. The tone of triumphalism was quite unpleasant with my morning coffee. Oz’ success came at the expense of his integrity. He got rich using his medical degree as a huckster for false health information. The story sounds much like celebrating a doctor who made it by starting a tobacco company.
                  Frankly, I’d have more respect for a doctor who started a tobacco company, assuming that doctor was forthright about what it does and what the harms / side effects are. (I enjoy a nice cigar once or twice a year.)

                  Selling snake oil and lying about the benefits and harms is worse than selling a harmful (though legal) product and being honest about it.

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                  • #10
                    While I generally think having physicians in Congress is a good thing for physicians. Not this dude...

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                    • #11
                      Dr Phil is a different story.
                      https://networthandsalary.com/dr-phi...eer_of_Dr_Phil

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                      • #12
                        Originally posted by Hank View Post

                        Frankly, I’d have more respect for a doctor who started a tobacco company, assuming that doctor was forthright about what it does and what the harms / side effects are. (I enjoy a nice cigar once or twice a year.)

                        Selling snake oil and lying about the benefits and harms is worse than selling a harmful (though legal) product and being honest about it.
                        I agree with you. Good point! I also enjoy the occasional cigar 🙂
                        My Youtube channel: https://www.youtube.com/channel/UCFF...MwBiAAKd5N8qPg

                        Comment


                        • #13
                          Do most readers look up to people just because they have a lot of money? This article felt really . . . off-putting.

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                          • #14
                            Originally posted by wideopenspaces View Post
                            Do most readers look up to people just because they have a lot of money? This article felt really . . . off-putting.
                            That is a pretty good point. I would not exactly call this dude a role model. He is like a Kardashian IMO.

                            Comment


                            • #15
                              Content editor is getting lambasted in the comments, IMO deservedly. If Mehmet Oz didn't happen to be an MD there would be zero reason for this site to give him the time of day. What's next, are we going to get an article about how Martin Shkreli got rich?

                              Comment

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