Coronavirus vaccines made nine people millionaires

Source : 112 Ukraine

Their combined income is $ 19.3 billion
18:13, 22 May 2021

Open source

The discovery and distribution of live-saving COVID-19 vaccines worldwide have led to the emergence of nine new billionaires, Euronews reports.

The new billionaires include five people associated with Moderna and three from CanSino Biologics, a Chinese vaccine company.

"Between them, the nine new billionaires have a combined net wealth of $19.3 billion, enough to fully vaccinate all people in low-income countries 1.3 times," the People's Vaccine, which comprises nine NGOs including Amnesty International, Oxfam and UNAIDS, said in a statement.

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"Meanwhile, these countries have received only 0.2 per cent of the global supply of vaccines, because of the massive shortfall in available doses, despite being home to 10 per cent of the world's population," it added.

NGOs say the nine new billionaires are:

  • Stephane Bancel: Moderna CEO ($4.3 billion)
  • Ugur Sahin: CEO and co-founder of BioNTech ($4 billion)
  • Timothy Springer: immunologist and founding investor in Moderna ($2.2 billion)
  • Noubar Ayefan: Moderna chairman ($1.9 billion)
  • Juan Lopez-Belmonte: Chairman of ROVIm a company that manufactures and packages the Moderna jab ($1.8 billion)
  • Robert Langer: scientist and founding investor in Moderna ($1.6 billion)
  • Zhu Tao: co-founder and chief scientific officer at CanSino Biologics ($1.3 billion)
  • Qiu Dongxu: co-founder and senior vice president at CanSino Biologics ($1.2 billion)
  • Mao Huinhoa: co-founder and senior vice president at CanSino Biologics ($1 billion)

In addition to these new billionaires, eight existing billionaires have also seen their wealth increase by a combined $32.2 billion (€26.4 billion) because of their investments in vaccine pharma corporations, according to the People's Vaccine.

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