|Real Name/Full Name:
|Robert John Hugin
|69 years old
|July 23, 1954
|Jersey City, New Jersey, U.S.
|Children/Kids (Son and Daughter):
|Yes (Kathy Hugin)
|Is Bob Hugin Gay?:
|Net Worth in 2024:
Bob Hugin, whose original name is Robert John Hugin, is an American businessman who was once the former executive chairmen of the Celgene, which is a biopharmaceutical company. He was also the Republican nominee in the United States Senate election in the New Jersey that took place in 2018. He was defeated there by incumbent Democratic senator, whose name is Bob Menendez. He elected the chairman of the Celgene board in June 2011.
Maybe you know about Bob Hugin very well, but do you know how old and tall is he and what is his net worth in 2024? If you do not know, we have prepared this article about details of Bob Hugin’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.
Early Life & Biography
Bob was born on July 23, 1954, and he grew up in Union City, New Jersey. He was first from his family to attend the college, and this earned him a full scholarship to Princeton University. He got his Bachelor of Arts Degree from Princeton University in the year 1976. After his graduation, he served in the United States Marine Corps, and he was a duty infantry officer there from the year 1976 to 1983. He then earned his Master’s Degree in Business Administration from the University of Virginia in 1985.
When he was at Princeton, he was also the president of the male-only Tiger Inn, which is a highly selective private eating club on the college campus. When he was the president of the club, he used to oppose the membership of gay men as he said that gay men wouldn’t last long. He also served as the president of the alumni board, too of the Tiger Inn.
Bob has been married to Kathy Hugin for many years, and they together have three children. He is also a member of the United Methodist Church.
Age, Height, and Weight
Being born on July 23, 1954, Bob Hugin is 69 years old as of today’s date 21st February 2024. His height is 6’2’’ tall, and his weight is 95 kg.
Bob worked in J.P. Morgan & Co. Inc. from 1985 to 1999, and he was a managing director there. He has also been credited for serving the biotech corporation Celgene, and it is said that he turned the company profitable. He joined the company in June 1999, and he entered it as a senior vice president. During his time in the company, the company’s capitalization of the company went from $100 million to $70 billion, and the headcount of the employees grew from 200 to 6000.
He was also reprimanded by the US Foods and Drugs Administration multiple times, and it mainly included a formal letter that asked him to share the risks that were associated with the drugs and also for marketing their drug Thalmoid. In 2017, the company had to pay $280 million in response to these lawsuits. Bob was also criticized for raising the prices of many drugs while he was in power in the Celgene. The company was also able to prevent the selling of generic versions of many drugs.
He was also named the best CEO in biotech by TheStreet.com, and when he left his position at the Celgene, he was the chief executive, and he became an executive chairman in the year 2017.
Bob announced his candidacy for the US Senate on February 13, 2018, and he announced it in New Jersey. During the first quarter of 2018, his campaign was able to raise $8 million, and out of that 7.5 was a loan from Hugin himself. He then defeated the Republican primary, Brian Goldberg and it took place on June 5, 2018, and he garnered 75% votes. He was also endorsed by President Trump on the Election Day via Twitter.
But later on November 6, 2018, he was defeated by Democrat Bob Menendez. During his 2018 campaign, he described himself as a moderate and different king of Republican who is independent.
Awards & Achievements
Since he is not a TV celebrity, he has not won a major award, but he was able to be the President of the Tiger-Inn club at his university.
Net Worth & Salary of Bob Hugin in 2024
The total net worth of Bob Hugin today is estimated to be around $40 million as of February 2024, not to forget he has earned a considerable amount of money from being the CEO at Celgene. He was the main reason for the growth of the company, and he was able to reverse the fortune of the company. He also donated some part of his wealth while campaigning in 2018 elections, and he gave $7.5 million US then. He is regarded as one of the greatest minds in the business world.
Bob Hugin is an inspiration for many people who want to make good growth in the company. He is one of those people who has contributed hugely towards the world of business, and he was able to make Celgene one of the top biopharmaceutical companies in the USA.