Moderna co-founder is a billionaire once again at $1.7 billion - he once turned down 20 high-paying job offers to ‘have more of an impact on the world’
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The net worths of CEOs and founders are largely at the whim of their company stock - all it takes is one breakout earnings report or blockbuster news to shake up their fortunes. Now, Moderna cofounder Robert Langer has re-entered the billionaires club following promising cancer vaccine trials that sent the company's stock soaring. Langer, known as the " Edison of Medicine," witnessed his equity in the biotech business double in value, shooting his net worth up to roughly $1.7 billion, according to a Forbes analysis. His wealth surge followed the news this Wednesday that Moderna and pharmaceutical company Merck's mRNA cancer vaccine hit its goals in a Phase 3 trial targeting melanoma. The announcement sent Modern's stock soaring more than 100%, valuing Langer's roughly 3% stake past the billion-dollar threshold - a massive jump from the roughly $730 million he boasted on Tuesday. This is the second time that Langer has made it to the billionaires club. Langer first came into 10-figure wealth back in November 2020, when Moderna shares surged after the company reported promising Phase 3 results for its COVID-19 vaccine. During the pandemic-era Moderna boom, Forbes even put his net worth as high as $4.9 billion in 2021, before plunging and knocking him out of the club. The 77-year-old cofounder's stake was estimated to be just $343 million when Modern's shares were at a...
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