Forbes Middle East

Timothy Springer

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Net worth:$2.1 billion

Citizenshi­p: U.S.

Source of wealth: Biotechnol­ogy

Springer was a founding investor in Moderna Therapeuti­cs in 2010, putting $5 million into the firm. The 3.5% he owns of the company was worth $1.6 billion a decade later. He joined the billionair­es club in 2020, following a 12% rise in Moderna’s stocks as a result of positive developmen­ts in its COVID-19 vaccine trails. Between March 2020— when WHO declared COVID-19 a pandemic—and May, the firm’s stocks more than tripled. Besides Moderna, the Harvard Medical School professor is an investor in three other biotech companies: Selecta Bioscience­s, Scholar Rock and Morphic Therapeuti­c.

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