Executive Insights

Moderna CEO says he'll give away most of his estimated $4.1 billion fortune

Business Insider US
Stephane Bancel, CEO of Moderna
Nancy Lane/MediaNews Group/Boston Herald

Stephane Bancel, Moderna's CEO, said he is planning to join several other philanthropic billionaires in donating the bulk of his wealth to charity. 

Bancel told Bloomberg that he was turning his attention to charitable efforts in areas like healthcare and global food security, during an interview in Davos, Switzerland.

The billionaire said his children would get a good education and the family house, "but the rest we're going to give away," Bloomberg reported.

The decision to donate a large majority of his wealth aligns him with billionaires such as Mackenzie Scott and Bill Gates. 

Bancel said he plans to sell some Moderna shares and exercise his stock options to generate the donation money. Doing this could create about $355 million for charity, he told Bloomberg. He also said he's interested in doing more to tackle the climate crisis, per the outlet.

Bancel holds a 5.4% stake in Moderna and is worth about $4.1 billion, according to Bloomberg Billionaire's Index

In a separate interview at the World Economic Forum's annual meeting in Davos, Bancel said: "We don't need a lot of money, and we want to use the money to help suffering in the world."

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