The American-style charity of Frenchy by Moderna Stéphane Bancel

The American-style charity of Frenchy by Moderna Stéphane Bancel

Stéphane Bancel lived the American dream. In 2011, the Marseillais and ex-director of BioMérieux took a big risk by settling at the head of a small Boston biotech then unknown, Moderna. And became a turbo-billionaire when his company released its Covid-19 vaccine! With his 5.4% stake, his fortune has more than tripled in two years, weighing 5.6 billion dollars on December 5.

Now, at just 50 years old, the Frenchy Bancel is following the path of the great entrepreneurs of his adopted country. In May, in line with the Giving Pledge initiative launched by Bill Gates and signed by all the barons of Silicon Valley, he announced his intention to give most of his fortune to works of “charity”. Starting with its stock options expiring next summer, representing 355 million dollars on the basis of a share priced at 140 dollars (it currently quotes more than 180 dollars). “Moderna has given my family financial security such as I never imagined or sought, he confides. will continue to bring me”, at a time when biotech has nearly 50 promising projects in development.

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