Philip Showalter Hench Net Worth

Philip Showalter Hench was an American physician who was awarded the Nobel Prize in Physiology or Medicine for his discovery of the hormone cortisone. He graduated from the University of Pennsylvania with a doctorate degree in medicine and began his professional career as an assistant at the Mayo Clinic. In 1948 and 1949, Hench, along with Edward Calvin Kendall and Swiss chemist Tadeus Reichstein, made the important discovery relating to the hormones of the adrenal cortex, their structure and biological effects. Hench was also known for his lifelong interest in the history and discovery of yellow fever, and his researched collection on the disease is still present at the University of Pennsylvania.
Philip Showalter Hench is a member of Physicians

Age, Biography and Wiki

Who is it? Physician
Birth Day February 28, 1896
Birth Place Pittsburgh, Pennsylvania, United States, United States
Age 123 YEARS OLD
Died On March 30, 1965(1965-03-30) (aged 69)\nOcho Rios, Jamaica
Birth Sign Pisces
Alma mater Lafayette College University of Pittsburgh
Known for Discovery of cortisone
Awards Nobel Prize in Physiology or Medicine (1950)
Fields Medicine
Institutions Mayo Clinic

💰 Net worth

Philip Showalter Hench, a renowned physician from the United States, is estimated to have a net worth ranging from $100,000 to $1 million by the year 2024. Hench's notable contributions to the medical field have not only solidified his reputation but also potentially influenced his financial status. With his expertise and achievements in the field of medicine, it is no surprise that Hench has achieved a respectable net worth. His dedication and hard work have made him a prominent figure in the healthcare industry, earning him recognition and financial success.

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Biography/Timeline

1905

Hench married Mary Kahler (1905-1982) in 1927. His father-in-law, John Henry Kahler, was a friend of Mayo Clinic founder william J. Mayo. Hench and his wife had four children, two daughters and two sons. His son, Philip Kahler Hench also studied rheumatology. Hench died of pneumonia while on vacation in Ocho Rios, Jamaica in 1965.

1916

He attended Lafayette College in Easton, Pennsylvania, where he obtained his Bachelor of Arts in 1916. After serving in the Medical Corps of the U.S. Army and the reserve corps to finish his medical training, he was awarded a doctorate in Medicine from the University of Pittsburgh in 1920. Immediately after finishing his medical degree, Hench spent a year as an intern at St. Francis Hospital in Pittsburgh, and then he subsequently became a Fellow of the Mayo Foundation.

1923

Hench started his career at Mayo Clinic in 1923, working in the Department of Rheumatic Diseases. In 1926, he became the head of the department. While at Mayo Clinic, Hench focused his work on arthritic diseases, where his observations led him to hypothesize that steroids alleviated pain associated with the disease. During this same time, biochemist Edward Calvin Kendall has isolated several steroids from the adrenal gland cortex. After several years of work, the duo decided to try one of these steroids (dubbed Compound E at the time, later to become known as cortisone) on patients afflicted by rheumatoid arthritis. Testing of the hypothesis was delayed because the synthesis of Compound E was costly and time-consuming, and Hench served in the military during World War II. The tests were conducted successfully in 1948 and 1949.

1928

In 1928 and 1929, Hench furthered his education at Freiburg University and the von Müller Clinic in Munich.

1937

In addition to his work with cortisone, Hench had a career long interest in yellow fever. Starting in 1937, Hench began to document the history behind the discovery of yellow fever. His collection of documents on this subject are at the University of Virginia in the Philip S. Hench Walter Reed Yellow Fever Collection. His wife donated the collection to the university after his death.

1940

During his career, Hench was one of the founding members of the American Rheumatism Association, and served as its President in 1940 and 1941. In addition to the Nobel Prize, Hench has been awarded the Heberdeen Medal (1942), the Lasker Award (1949), the Passano Foundation Award (1950), and the Criss Award. Lafayette College, Washington and Jefferson College, Western Reserve University, the National University of Ireland and the University of Pittsburgh awarded Hench honorary doctorates.

1950

Hench, Kendall, and Swiss Chemist Tadeus Reichstein were awarded the 1950 Nobel Prize in Physiology or Medicine "for their discoveries relating to the hormones of the adrenal cortex, their structure and biological effects." As of the 2010 prizes, Hench and Kendall are the only two Nobel laureates affiliated with Mayo Clinic. Hench's Nobel Lecture was directly related to the research he was honored for, and titled "The Reversibility of Certain Rheumatic and Non-Rheumatic Conditions by the Use of Cortisone Or of the Pituitary Adrenocorticotropic Hormone". His speech at the banquet during the award ceremony acknowledged the connections between the study of Medicine and chemistry, saying of his co-winners "Perhaps the ratio of one physician to two chemists is symbolic, since Medicine is so firmly linked to chemistry by a double bond."

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