Forbes Middle East

Robert Langer

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Net worth:$1.6 billion

Citizenshi­p: U.S.

Source of wealth: Biotechnol­ogy

Langer is a founding investor in Massachuse­ttsbased biotech firm, Moderna, owning 3% of the company. He joined the three-comma-club in November 2020, becoming the third billionair­e that Moderna minted last year. Between November and early December, his fortune rose from roughly $1.1 billion to $2 billion, before declining to $1.7 billion following a drop in Moderna’s stocks by 17% on December 18. The Massachuse­tts Institute of Technology professor is known as the “Edison of Medicine” for his work in biomedical engineerin­g. He also owns smaller shares in publicly-traded biotech startups: SQZ

Biotechnol­ogies and Frequency Therapeuti­cs.

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