Megan Redshaw
Children’s Health Defense

June 16, 2021

For the fifth time since the onset of the COVID pandemic in early 2020, the skyrocketing price of Moderna stock has produced a billionaire.

Moderna President Dr. Stephen Hoge is the company’s latest shareholder and executive to join the “three-comma-club” — with an estimated $1.1 billion fortune.

Other club members are CEO Stéphane Bancel, chairman and cofounder of Noubar Afeyan, founding investor Timothy Springer and cofounder Robert Langer, Forbes reported.

Hoge, 45, joined Moderna in 2012 and owns 0.4% of Moderna stock — worth $365 million — in addition to about $685 million in options. Like the other Moderna shareholders, Hoge frequently sells stock —  including $65.5 million worth (pre-tax) between March 2020 and April 2021.

Hoge is one of more than 40 new billionaires who made 10-figure fortunes with companies involved in the “battle against COVID.”

Activists say this wealth generation highlights the stark inequality that has resulted from the pandemic, CNN reported.

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