Giacomo Tognini
@giacomotognini.bsky.social
Deputy editor, wealth @Forbes.com covering billionaires and the world’s richest people. Forbes Union.
@columbiajournalism.bsky.social and UC Berkeley alum. Tips: gtognini@forbes.com / giacomo.na.tognini@proton.me
@columbiajournalism.bsky.social and UC Berkeley alum. Tips: gtognini@forbes.com / giacomo.na.tognini@proton.me
Correction: the IPO minted two new billionaires, not 3.
October 6, 2025 at 8:36 PM
Correction: the IPO minted two new billionaires, not 3.
3/ Five of those eight are still billionaires, but they are now worth less than 1/3 of what they once were at $28.8 billion. And both firms are still heavily reliant on Covid-19 vaccines for the vast majority of their revenue--a big problem, given plunging vaccination rates.
September 29, 2025 at 2:05 PM
3/ Five of those eight are still billionaires, but they are now worth less than 1/3 of what they once were at $28.8 billion. And both firms are still heavily reliant on Covid-19 vaccines for the vast majority of their revenue--a big problem, given plunging vaccination rates.
2/ At their peak in August 2021, the firms were worth a combined $304 billion. Forbes counted eight billionaires from the two companies at the time, worth a combined $116 billion. Four years later, Moderna and BioNTech now trade 95% and 78% below their peaks, respectively.
September 29, 2025 at 2:05 PM
2/ At their peak in August 2021, the firms were worth a combined $304 billion. Forbes counted eight billionaires from the two companies at the time, worth a combined $116 billion. Four years later, Moderna and BioNTech now trade 95% and 78% below their peaks, respectively.
3/Affinity has been ramping up its investments, deploying more than $2 billion since it launched in 2021 through April and on track to invest at least $1 billion in 2025 alone. Lately, it's been investing in AI and fintech, broadening its focus.
September 16, 2025 at 3:33 PM
3/Affinity has been ramping up its investments, deploying more than $2 billion since it launched in 2021 through April and on track to invest at least $1 billion in 2025 alone. Lately, it's been investing in AI and fintech, broadening its focus.
2/Affinity is his second-largest asset, valued at $215 million. The largest remains his 20% stake in Kushner Companies, his family's real estate developer, worth $560 million. And he's benefited from rising values on Miami's Indian Creek island, where he and Ivanka own a home.
September 16, 2025 at 3:33 PM
2/Affinity is his second-largest asset, valued at $215 million. The largest remains his 20% stake in Kushner Companies, his family's real estate developer, worth $560 million. And he's benefited from rising values on Miami's Indian Creek island, where he and Ivanka own a home.