Eric Schmidt, the former Google chief executive and Democrat mega-donor, holds a one percent stake in Anthropic that traces back to an early investment of millions in the AI startup. This stake could add up to $10 billion to Schmidt’s net worth when the company notable for its AI doomer messages goes public.
\n\nBloomberg reports that Schmidt first invested in Anthropic in 2021, when the company was valued at $461 million, according to Pitchbook data. It’s unclear whether he has sold any portion of his stake since then. Schmidt and Anthropic both declined to comment.
\n\nThat early bet looks increasingly lucrative. Investors last week signaled a fair valuation for Anthropic of between $1.8 trillion and $2 trillion. The high end of that range would value the company at more than 4,300 times its Series A valuation. Using the $2 trillion figure, Schmidt’s stake would boost his net worth by about one-third, to nearly $80 billion, according to Bloomberg’s wealth index. Measured against Anthropic’s most recent valuation of $965 billion, the stake would still add nearly $10 billion to his current fortune of $57.5 billion.
\n\nAnthropic’s seven co-founders are each worth $8 billion based on the company’s last funding round, enough…
Original source: https://www.breitbart.com/economy/
