Becker's Healthcare February 23, 2024
The Stryker family, creators and heirs of medtech company Stryker, are currently wealthier than other well-known family dynasties, like the Kennedys and the Rockefellers.
The remaining Stryker family members have an estimated combined net worth of $15.9 billion. Here is how the family built a lasting healthcare dynasty that continues to grow today:
The beginning
In 1941, Homer Stryker, MD, an orthopedic surgeon from Michigan, found that several existing medical products were not meeting his patients’ needs. He decided to create his own medtech products to rectify that. His original company was called the Orthopedic Frame Company. In 1942, he launched his first commercial product, which allowed caregivers to turn patients with serious back injuries while keeping...