Sharp suits defined the rise of Wall Street, while hoodies and Patagonia vests were a sign of Silicon Valley’s riches.
Well, now it’s the lab coat’s time to shine.
According to Forbes, there were 50 new billionaires — scientists, researchers, and doctors — in the healthcare sector this year.
The majority of these billionaires are from China…
… the site of the COVID-19 outbreak and home to more than 30 new “3-comma club” members.
Here are other notable members:
- The team behind Pfizer’s vaccine: Uğur Şahin (net worth = $4.2B) — a Turkish physician — founded Germany-based BioNTech in 2008 with his wife, Özlem Türeci, the company’s chief medical doctor. The team partnered with Pfizer on a vaccine.
- The Moderna team: Three billionaires were minted from the other major vaccine. Stéphane Bancel ($4.1B) is the CEO, while Timothy Springer ($2.0B) and Robert Langer ($1.5B) are professors at Harvard and MIT, respectively, who both made early investments in Moderna.
- The vial maker: Stevanato Group is “the world’s second-largest producer of glass vials and a prominent supplier of vials for more than 40 Covid-19 vaccines.” Its president, Sergio Stevanato, is worth $1.8B
- The lab man: From antibody tests to vaccine trials, Cincinnati-based Medpace does it all. Its founder and CEO, August Troendle, is worth $1.3B.