Milan Panić or Milan Panic (Serbian Cyrillic: Милан Панић) (born 20 December 1929 in Belgrade

Belgrade

Belgrade is the capital and largest city of Serbia. It is located at the confluence of the Sava and Danube rivers, where the Pannonian Plain meets the Balkans. According to official results of Census 2011, the city has a population of 1,639,121. It is one of the 15 largest cities in Europe...

 in the Kingdom of Yugoslavia

Kingdom of Yugoslavia

The Kingdom of Yugoslavia was a state stretching from the Western Balkans to Central Europe which existed during the often-tumultuous interwar era of 1918–1941...

) is a Serbian American

Serbian American

Serbian Americans are citizens of the United States who are of Serbian ancestry. For the 2000 US Census, 140,337 Americans indicated Serbian as their first ancestry, while 170,312 persons declared to have Serbian ancestry...

 multimillionaire, a Newport Beach and Pasadena, California

Pasadena, California

Pasadena is a city in Los Angeles County, California, United States. Although famous for hosting the annual Rose Bowl football game and Tournament of Roses Parade, Pasadena is the home to many scientific and cultural institutions, including the California Institute of Technology , the Jet...

-based business tycoon. He served as Prime Minister of the Federal Republic of Yugoslavia from 1992-1993. He ran for President of Serbia

President of Serbia

The President of Serbia is the head of state of Serbia. Presently serving as the head of state is Boris Tadić. He was elected with a narrow majority of 50.31% in the 2008 Serbian presidential elections.-Authority, legal and constitutional rights:...

 in 1992 but lost to Slobodan Milošević

Slobodan Milošević

Slobodan Milošević was President of Serbia and Yugoslavia. He served as the President of Socialist Republic of Serbia and Republic of Serbia from 1989 until 1997 in three terms and as President of the Federal Republic of Yugoslavia from 1997 to 2000...

.

He founded ICN Pharmaceuticals

Valeant Pharmaceuticals International

Valeant Pharmaceuticals International, Inc. is a pharmaceutical company with activities spanning the drug discovery pipeline from target identification through clinical trials and commercialization. The focus of the company is on neurology, dermatology and infectious disease with several drugs in...

 in the late 1950s and led it, as Chairman, CEO, and President, to annual sales exceeding $672 million (USD) in 1997. After numerous run-ins with the Securities and Exchange Commission - including six different sexual harassment suits filed by former employees - he was pressured to resign by ICN's Board of Directors. He later bought an ICN subsidiary and changed its name to MP Biomedicals, which is headquartered in Solon, Ohio

Solon, Ohio

Solon is a city in Cuyahoga County, Ohio, and is an affluent suburb of Cleveland in the Northeast Ohio Region, the 14th largest Combined Statistical Area in the United States. As of the 2010 census, the city population was 23,348...

. Panić has other business entities and investments in the U.S. and internationally.

Panić is married to mezzo-soprano

Mezzo-soprano

A mezzo-soprano is a type of classical female singing voice whose range lies between the soprano and the contralto singing voices, usually extending from the A below middle C to the A two octaves above...

 Milena Kitić

Milena Kitic

Milena Kitic Milena Kitic Milena Kitic (born 1968 in Belgrade, Yugoslavia (now SR Serbia) is an operatic mezzo-soprano. She had finished her high school diploma at the Mokranjac Music School in Belgrade...

, herself a native of Belgrade

Belgrade

Belgrade is the capital and largest city of Serbia. It is located at the confluence of the Sava and Danube rivers, where the Pannonian Plain meets the Balkans. According to official results of Census 2011, the city has a population of 1,639,121. It is one of the 15 largest cities in Europe...

.