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Forbes Talks

The Unlikely Path From Iranian Revolution To Billionaire Biotech CEO

Forbes Talks

Forbes Media LLC

Business News, Forbes, Business, News, Economics, Entrepreneurship, Politics, Policy, Breaking News

54 Ratings

🗓️ 3 June 2025

⏱️ 30 minutes

🧾️ Download transcript

Summary

Assistant Managing Editor Kerry A. Dolan sits with Co-CEO Maky Zanganeh of Summit Therapeutics.


Zanganeh earned hundreds of millions as an investor and executive, speaks four languages (Farsi, German, English, French), survived breast cancer and runs, as co-CEO with Bob Duggan, Miami-based Summit Therapeutics, a Nasdaq-listed biotech that has minted her a $1.5 billion fortune of her own.


That wealth has landed Zanganeh, now 54, on Forbes’ list of America’s Richest Self-Made Women (at No. 23) for the first time. She is one of 38 self-made female U.S. billionaires on the list, and one of just five to have made a billion-dollar-plus fortune in health care.

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Transcript

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0:00.0

Hi, I'm Carrie Dolan. I'm an assistant managing editor at Forbes, and I'm here as part of

0:08.8

Forbes' 2025 list of America's Richest Self-Made Women. I'm here with one of our newcomers.

0:15.0

Sharing her story with us today, Mackie Zangenei, co-CEO and president of Summit Therapeutics.

0:21.6

Maki, thank you so much for joining us.

0:24.6

Thank you very much for having me.

0:26.6

You started your life in Iran.

0:28.6

You were born there, but you spent many of your formative years outside of Iran.

0:32.6

How has that affected you and your life as an executive?

0:37.8

I was born in Iran, and that was the moment of the Shah regime, and it was really like a Western

0:43.3

European country.

0:45.0

But then after that, the revolution happened when I was nine years old, and that was a moment

0:50.2

that everything has changed completely.

0:53.1

My parents, the both of them, they're

0:54.5

architect and all of the family is, you know, into the engineering and medical

0:59.6

doctors and we were in Iran and for sure after revolutions, unexpected a year

1:06.2

after that the war started and that Iran Iraq war. That was an Iran-Iraq War in 1980s, and that was, I was around 9, 10 years old.

1:16.8

And for sure, it was very, very difficult, you know, especially the war started by south

1:22.2

of Iran.

1:23.1

And then over time, we got all of the rocket in Tehran.

1:26.8

And that was the moment that we decided, my parents decided to get out of the country.

1:32.6

But then finally, my mom was very smart woman, you know.

1:36.3

She knew a travel agency and they tried to get different flights getting out of Iran.

...

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