NEW DELHI: The German physician Ugur Sahin has just reached another milestone. The co-founder of BioNTech SE joined the world’s 500 richest people on Thursday.
The UK has approved the use of a vaccine which is created by the German firm, Pfizer Inc this week, and because of it, Ugur Sahin is now among the world's richest one. BioNTech’s shares have jumped almost 8% and are up over 250% for the year. Sahin has now become the 493rd-richest person on the planet with a net worth of $5.1 billion, according to the Bloomberg Billionaires Index. Mr. Sahin didn’t reply to a request for comment. BioNTech’s co-founder now among the 500 richest people. Turkish-born scientist Mr. Sahin is the sole shareholder of a German firm that controls an 18% stake in BioNTech, which raised $150 million from its US initial public. He joins Germany’s Struengmann brothers among the world’s 500 richest.
The race to produce a coronavirus vaccine has also lifted a group of investors at Moderna. Shares of the Massachusetts-based firm have grown over 700% this year, making billionaires of some early investors.