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A new report shows the global push to develop a vaccine for COVID-19 has spawned nine new “vaccine billionaires” who have amassed a combined net wealth of $19.3 billion.
The author of the report, People’s Vaccine Alliance, said the pharmaceutical industry’s monopoly on COVID vaccines has generated a massive increase in wealth for a handful of people.
In addition to the nine new “vaccine billionaires,” the coalition of health and humanitarian organizations, world leaders and economists said “eight existing billionaires — who have extensive portfolios in the COVID-19 vaccine pharma corporations — have seen their combined wealth increase by $32.2 billion.”
Anna Marriott, health policy manager at Oxfam, a member of the People’s Vaccine Alliance, said:
“These billionaires are the human face of the huge profits many pharmaceutical corporations are making from the monopoly they hold on these vaccines. These vaccines were funded by public money and should be first and foremost a global public good, not a private profit opportunity.”
The coalition’s list of new vaccine billionaires includes four tycoons who profited off U.S. vaccine maker Moderna, the CEO of BioNTech and three co-founders of the Chinese vaccine company, CanSino Biologics.
The nine billionaires, in order of their net worth are:
- Stéphane Bancel, CEO of Moderna, now worth $4.3 billion.
- Ugur Sahin, CEO and co-founder of BioNTech, now worth $4 billion.
- Timothy Springer, immunologist and founding investor of Moderna, now worth $2.2 billion.
- Noubar Afeyan, Moderna’s chairman, now worth $1.9 billion.
- Juan Lopez-Belmonte, chairman of spanish drugmaker Rovi, which struck a deal to make ingredients for Moderna’s vaccine, now worth $1.8 billion.
- Robert Langer, scientist and founding investor in Moderna, worth $1.6 billion.
- Zhu Tao, co-founder and chief scientific officer at CanSino Biologics, worth $1.3 billion.
- Qiu Dongxu, co-founder and senior vice president at CanSino Biologics, now worth $1.2 billion.
- Mao Huihua, co-founder and senior vice president at CanSino Biologics, now worth $1 billion.
The eight existing billionaires whose wealth soared during the pandemic include investors with stock in pharma companies that hold a monopoly on COVID vaccines.
The list includes Indian billionaire Pankaj Patel, chairman of Cadila Healthcare, a pharma company that makes drugs such as Remdesivir to treat COVID and has a vaccine undergoing clinical trials.
Also on the list is Patrick Soon-Shiong, a medical doctor whose COVID vaccine, ImmunityBio, was selected by the U.S. government’s “Operation Warp Speed,” a program to accelerate the rollout of COVID vaccines.
The new vaccine billionaires join the ranks of other ultra-rich elite, who also profited off the pandemic. They include Tesla’s Elon Musk, Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Microsoft’s Bill Gates and Google co-founders Larry Page and Sergey Brin — all of whom made Forbes’ top 10 Big Billionaire Gains list, adding a “collective $488 billion to their fortunes since the beginning of 2020.”
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Thanks for the good job, can you invoke pop up banners to alert Africa and the third world that vaccines have devastating effect and should be given serious thought.
Do you know about the ENMOD Treaty? Only domestic populations can be experimented upon. U.S citizens are domestic and are fair game because they are defined as “dead entities” in their Congressional Record pp. 15641-15646 of June 13, 1967, and they view us as their franchises with no rights at all, only granted privileges. They can vaccinate our children without our consent because of our demeaning political status. A US citizen can’t be a free American because they belong to the Territorial United States, Inc. and the Municipal UNITED STATE INC. These are corporations under contract to provide limited governmental services. The parent company is UNITED STATES OF AMERICA LIMITED located in Edinburgh, Scotland run by the British and a more recent one – UNITED STATES LTD in London. We are entrapped by foreign interests.