Bancel also received a 50% merit raise last year, raising his salary to $1.5 million. Currently, Moderna is facing massive backlash for rising their jab's cost, taking it from $26 to $130. The shot is estimated to cost just $1.18 to make, representing a 10,000% markup.
Moderna CEO Stephane Bancel, 50, owns company stocks valued around at least $2.8 billion; he received extra stock-based compensation valued at around $1.7 billion at the end of 2022. The French businessman said he planned to give away most of his multi-billion-dollar fortune throughout his life in a pledge similar to those made by fellow billionaires MacKenzie Scott and Bill Gates. Critics have noted that many of the donations from Scott and Gates have been given to organizations supporting leftist agendas including social justice, LGBTQ and climate change.
Bancel also received a 50% merit raise last year, raising his salary to $1.5 million.