October 20, 2021
Business

Vaccine billionaires: COVID emerging as a $100 billion-plus business

LYNNWOOD, Wash., October 3, 2021 – From the same pandemic that sent the jobless rate to 20.2% in Snohomish County last year and near record high unemployment nationally causing millions to leave the work force, arose nine new billionaires after shares in companies producing vaccines soared. The nine new billionaires collectively are worth $19.3 billion, enough to vaccinate approximately 780 million people in low-income countries, according to People’s Vaccine Alliance.

While the largest vaccination campaign in history may have
saved an estimated 140,000 deaths in the U.S., COVID vaccines are
emerging as a $100 billion-plus business, Bloomberg reported,
leaving many to wonder how much is too much to pay for
health and safety.

The 9 new vaccine billionaires, in order of their net worth are:

  1. Stéphane Bancel, Moderna’s CEO (worth $4.3 billion)
  2. Ugur Sahin, CEO and co-founder of…

Read full article here: lynnwoodtimes.com