When multiple billionaires are investing in the same trend, it’s important for investors to pay attention. These investors have access to the most up-to-date information and resources, allowing them to spot trends months in advance.
A prime illustration of this is the acquisition by George Soros of $325 million worth of Horizon Therapeutics PLC (NASDAQ: HZNP), which now represents the largest holding in his portfolio. Horizon is a biotechnology company that develops cures for rare and rheumatic diseases. Similarly, Ray Dalio, founder of Bridgewater Associates, has made significant bets on healthcare, with two of his largest holdings in Procter & Gamble Co. (NYSE: PG) and Johnson & Johnson (NYSE: JNJ).
Amazon.com Inc., led by Jeff Bezos, is also becoming a major player in the healthcare industry. Amazon recently acquired One Medical for $3.9 billion and rolled out a low-cost subscription service for generic medications. Mark Cuban’s Cost Plus Drugs Co. is another example of billionaire investment in healthcare startups, though it is a private company.
Investing in healthcare startups can be a straightforward option for investors looking to follow in the footsteps of these billionaires. Aura Health, for example, is the world’s leading marketplace for mental wellness and is used by over 7 million people worldwide. Anyone can invest in Aura Health for a limited time.
