I 3 Companies That Minted New Billionaires In 2020

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Billionaires

3 Companies That Minted New Billionaires In 2020

A record 493 individuals joined Forbes’ World’s Billionaires list this year, with some that particularly benefited from their company’s performance. Here are three companies that created new billionaires last year. Net worths are as of May 13, 2021.

Robert Langer

1. Moderna

HQ: Massachusetts, U.S. SECTOR: Healthcare Moderna was established in 2010 and went public in December 2018. The company develops drugs and vaccines using messenger RNA. In December, Moderna’s COVID-19 vaccine—with reported efficacy of 95%—was the second to be approved by regulators in the U.S. after the Pfizer-BioNTech vaccine.

Stéphane Bancel

NET WORTH: $4.9 billion CITIZENSHIP: France Bancel became CEO of Moderna in 2011 after leaving his previous job as CEO of French diagnostics firm BioMérieux. He became a billionaire in April after the stock jumped on the vaccine news. Bancel owns about 8% of the biotech firm.

Timothy Springer

NET WORTH: $2.3 billion CITIZENSHIP: U.S. An immunologist and professor of biological chemistry and molecular pharmacology at Harvard University, Springer was a founding investor in Moderna in 2010 when he put about $5 million into the fledgling company. The active biotech investor owns a 3.5% stake in Moderna.

Robert Langer

NET WORTH: $1.8 billion Citizenship: U.S. Langer is a scientist and professor of chemical engineering at the Massachusetts Institute of Technology (MIT), where he leads his namesake Langer Lab. He was a founding investor in Moderna in 2010, where he owns a 3% stake and has never sold a share.

2. DoorDash

HQ: San Francisco, U.S. SECTOR: Food and beverage Established in 2013, restaurant delivery app DoorDash connects 18 million customers with 390,000 restaurants and merchants. In April 2021, DoorDash had 56% of all meal delivery sales in the U.S., according to Bloomberg Second Measure, compared to 21% for Uber Eats and 18% for GrubHub. The company went public on the New York Stock Exchange in December 2020.

Stanley Tang

NET WORTH: $1.5 billion CITIZENSHIP: U.S. Co-founder Tang serves as the head of labs at DoorDash. The 28-year-old owns an estimated 4% of the company. He was listed in Forbes 30 Under 30 Consumer Technology in 2015.

Andy Fang

NET WORTH: $1.5 billion CITIZENSHIP: U.S. Fang is DoorDash’s head of consumer engineering and owns roughly a 4% stake in the company. The 28-year-old was listed in Forbes 30 Under 30 Consumer Technology in 2015.

Tony Xu

NET WORTH: $2.1 billion CITIZENSHIP: U.S. Xu serves as CEO and owns 4.6% of DoorDash plus options. The 36-year-old was born in China and moved to the U.S. at age five.

Tony Xu

3. Snowflake

HQ: San Mateo, U.S. SECTOR: Cloud Cloud database company Snowflake had an IPO in September 2020, which became the world’s largest software IPO in history. The firm was founded in 2012 and took two years to develop the software.

Frank Slootman

Frank Slootman

NET WORTH: $1.7 billion CITIZENSHIP: U.S. CEO Slootman joined Snowflake in 2019 and owns about 10% of the company. A veteran at taking companies public, Snowflake’s IPO was the third for the 62-year-old Dutchborn leader.

Benoit Dageville

NET WORTH: $1.5 billion CITIZENSHIP: U.S. Dageville, co-founder and President of Products, was the biggest individual winner in Snowflake’s IPO. He owns an estimated 8% of the company. The 54-year-old has a PhD in computer science and is a named inventor on more than 80 patents.

Thierry Cruanes

NET WORTH: $1.5 billion CITIZENSHIP: U.S. Co-founder Cruanes serves as CTO at Snowflake. The 53-year-old has a PhD in computer science and holds over 40 patents.

Bob Muglia

NET WORTH: $1.1 billion CITIZENSHIP: U.S. Muglia was the CEO of Snowflake until he stepped down in 2019. He owns roughly 1.4% of Snowflake stock and sold half to Berkshire Hathaway as part of Snowflake’s IPO.