[ April 19, 2024 ]
“We’ve created Billionaires – I call it the Covid Industrial Complex.”
“We’ve created an interest group to keep the pandemic going. Their argument is ‘we’re keeping people safe when in fact we’re just keeping the anxiety going.”
Watch: https://twitter.com/sketchnoteson/status/1559495775104671744
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Li Jianquan & family
NET WORTH: $6.8 BILLION
SOURCE OF WEALTH: CONSUMER PRODUCTS
CITIZENSHIP: HONG KONG
Jianquan’s Winner Medical made billions of masks and millions of protective overalls and gowns for healthcare workers fighting the virus.
Stéphane Bancel
NET WORTH: $4.3 BILLION
SOURCE OF WEALTH: MODERNA
CITIZENSHIP: FRANCE
Bancel is the CEO of Cambridge, Massachusetts-based Moderna, which had its Covid-19 vaccine authorized by the U.S. Food and Drug Administration on December 18, 2020.
Liu Fangyi
NET WORTH: $4.2 BILLION
SOURCE OF WEALTH: MEDICAL EQUIPMENT
CITIZENSHIP: CHINA
Liu Fangyi is the founder and chairman of Intco Medical, a manufacturer of personal protective equipment including gloves, face masks, isolation gowns and hand sanitizer.
Uğur Şahin
NET WORTH: $4 BILLION
SOURCE OF WEALTH: BIONTECH
CITIZENSHIP: GERMANY
Şahin is the CEO and cofounder of BioNTech, which he started alongside his wife and chief medical officer Özlem Türeci. BioNTech partnered with Pfizer to make the first vaccine authorized by regulators in the U.S., a milestone announced by the FDA on December 11, 2020.
Yuan Liping
NET WORTH: $3.6 BILLION
SOURCE OF WEALTH: PHARMACEUTICALS
CITIZENSHIP: CANADA
Yuan Liping received a 24% stake in vaccine maker Shenzhen Kangtai Biological Products after divorcing the firm’s chairman Du Weimin in 2020. The company signed a deal with British pharma titan AstraZeneca in August to make at least 100 million doses of its Covid-19 vaccine.
Hu Kun
NET WORTH: $2.5 BILLION
SOURCE OF WEALTH: MEDICAL EQUIPMENT
CITIZENSHIP: CHINA
Hu Kun is the chairman of Shenzhen-listed Contec Medical Systems, which makes a range of medical equipment including pulse oximeters and pulmonary devices used to check lung conditions.
Chen Xiao Ying
NET WORTH: $2.4 BILLION
SOURCE OF WEALTH: HEALTH INFORMATION
CITIZENSHIP: CHINA
Chen Xiao Ying is an investor in e-commerce giant Alibaba’s online healthcare arm Alibaba Health Information Technology, which signed a deal with Chinese vaccine maker Sinovac in September to develop a digital platform for Sinovac’s Covid-19 vaccine rollout.
Dai Lizhong
NET WORTH: $2.4 BILLION
SOURCE OF WEALTH: MEDICAL TESTING
CITIZENSHIP: CHINA
Dai Lizhong is the chairman of diagnostics firm Sansure Biotech, which makes Covid-19 tests and had its diagnostic kits authorized by the FDA in May 2020.
Karin Sartorius-Herbst
NET WORTH: $2.4 BILLION
SOURCE OF WEALTH: BIOPHARMACEUTICALS
CITIZENSHIP: GERMANY
Ulrike Baro
NET WORTH: $1.5 BILLION
SOURCE OF WEALTH: BIOPHARMACEUTICALS
CITIZENSHIP: GERMANY
Karin Sartorius-Herbst and her sister Ulrike Baro own stakes in German biopharma outfit Sartorius AG, founded by their great-grandfather Florenz Sartorius in 1870. Sartorius provides lab supplies for Covid-19 testing and assists vaccine manufacturers in the development process.
Timothy Springer
NET WORTH: $2.2 BILLION
SOURCE OF WEALTH: BIOTECH
CITIZENSHIP: UNITED STATES
Timothy Springer.
Timothy Springer.Bloomberg
Springer is an immunologist and professor of biological chemistry and molecular pharmacology at Harvard Medical School; he was a founding investor in Moderna in 2010 and owns a 3.5% stake.
Gong Yingying
NET WORTH: $2.1 BILLION
SOURCE OF WEALTH: HEALTH IT
CITIZENSHIP: CHINA
Gong Yingying is the founder and chairwoman of Chinese healthcare tech firm Yidu Tech, which used its AI and big data technology to help the hard-hit city of Wuhan conduct contact tracing and coordinate its emergency response.
Weng Xianding
NET WORTH: $2.1 BILLION
SOURCE OF WEALTH: MEDICAL DEVICES
CITIZENSHIP: CHINA
Rao Wei & family
NET WORTH: $1.2 BILLION
SOURCE OF WEALTH: PHARMACEUTICALS
CITIZENSHIP: CHINA
Rao Wei and Weng Xianding are the chairman and majority shareholder, respectively, of biomedical firm Shenzhen New Industries Biological Engineering, which makes a number of Covid-19 diagnostic tests.
Sergio Stevanato
NET WORTH: $1.9 BILLION
SOURCE OF WEALTH: MEDICAL PACKAGING
CITIZENSHIP: ITALY
Stevanato is the majority owner and chairman emeritus of Stevanato Group, a medical packaging manufacturer that’s supplying glass vials for several Covid-19 vaccines as well as plastic parts for diagnostic tests.
Noubar Afeyan
NET WORTH: $1.9 BILLION
SOURCE OF WEALTH: BIOTECH
CITIZENSHIP: UNITED STATES
Noubar Afeyan.
Noubar Afeyan.ZUMAPRESS.com/Newscom
Afeyan is the chairman and cofounder of Moderna and the founder and CEO of Massachusetts-based life sciences venture capital firm Flagship Pioneering, through which he owns shares in a dozen publicly traded biotech companies…….
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