Oncologists’ net worth drops at the top: 5 notes 

The share of oncologists with a net worth of $5 million or more fell from 24% to 14% between 2024 and 2026, according to the “Oncologist Wealth and Debt Report” published Aug. 7 by Medscape. 

Medscape recruited 5,916 physicians across more than 29 specialties between Sept. 5 and Dec. 17, 2025, to complete a 10-minute survey for a series of reports. Of those who completed the survey, 3% were oncologists or hematologists. 

Here are five things to know from Medscape’s “Oncologist Wealth and Debt Report”:

1. Oncologists’ family net worth changed between 2024 and 2026 as follows:
   
   • Less than $500,000: Increased from 20% to 30%
   • $500,000 to $999,999: Stayed at 15%
   • $1 million to $1,999,999: Decreased from 20% to 18%
   • $2 million to $4,999,999: Stayed at 22%
   • $5 million or more: Decreased from 24% to 14%
     
     
2. Oncologists’ sources of net worth were:
   
   • Retirement accounts: 31%
   • Real estate: 25%
   • Financial investments outside of retirement accounts: 15%
   • Cash accounts: 13%
   • Personal property: 7%
   • Nonfinancial investments outside of retirement accounts: 5%
   • Education savings accounts: 4%
   • Other: 1%
     
     
3. Oncologists’ expenses and debts were:
   
   • Primary residence mortgage: 44%
   • Car loan: 21%
   • Education loans (personal): 20%
   • None: 19%
   • College tuition for children: 15%
   • Childcare: 15%
   • Credit card debt: 14%
   • Mortgage on second home: 13%
   • Private school tuition for children: 12%
   • Education loans (spouse/significant other): 10%
   • Medical expenses: 9%
   • Car lease: 8%
   • Graduate school tuition for children: 6%
   • Alimony: 6%
   • Business loan: 5%
   • Other: 1%
     
     
4. Oncologists’ financial losses were:
   
   • No financial losses: 63%
   • Bad investments or stock market: 15%
   • Practice issues: 11%
   • Real estate: 10%
   • Job loss: 8%
   • Divorce: 7%
   • Legal fees: 5%
   • Other: 2%
     
     
5. Oncologists’ mortgage payments were:
   
   • Less than or equal to $100,000: 27%
   • $100,001 to $500,000: 22%
   • Greater than or equal to $500,001: 26%
   • No mortgage or paid off: 26%

Read the full Medscape report here.

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