At least 9 people have become billionaires by producing COVID-19 vaccines

Their combined income would be enough to vaccinate 780 billion people.

At least nine people have become billionaires since the start of the pandemic through profits made from the production of coronavirus vaccines. This is reported by the charity organization Oxfam, citing data from the international coalition of organizations and activists People’s Vaccine Alliance.

Most of all, the head of Moderna, Stephane Bancel, whose fortune is estimated at $4.3 billion, and the co-founder of BioNTech, Ugur Shahin ($4 billion), earned the most. The list includes investors, chairmen of the board of directors, vice-presidents, and co-founders of the Chinese company CanSino Biologics, the company Moderna, as well as the company ROVI, which produces packaging for vaccines. According to CNN, the combined income of all nine billionaires ($19.3 billion) would be enough to vaccinate about 780 billion people in low-income countries.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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