From BigGo Finance · BigGo Finance · · 1m 20s
Eric Schmidt's Anthropic Stake Targets $20 Billion Payday
Eric Schmidt's 1% Anthropic stake could hit $20 billion as IPO nears.
In brief
Eric Schmidt's 1% Anthropic stake could hit $20 billion as IPO nears. Eric Schmidt's 1% stake in Anthropic could be worth $20 billion if the AI company reaches a $2 trillion valuation at IPO. Originally reported by BigGo Finance.
Eric Schmidt's Anthropic Stake
Eric Schmidt, former Google CEO, holds about 1% of Anthropic after investing tens of millions in its 2021 Series A round.
Stake Value at $2 Trillion
At a $2 trillion valuation, Schmidt's 1% stake would be worth $20 billion, lifting his net worth from $57.5 billion to nearly $80 billion.
Series A Valuation
Anthropic was valued at $461 million during its 2021 Series A round when Schmidt invested.
Schmidt's Current Net Worth
Schmidt's current net worth is $57.5 billion, according to a wealth index.
IPO Timeline
Brad Gerstner, an early investor, expects Anthropic's IPO to happen in weeks, not months.
Third-Quarter Revenue
Anthropic's third-quarter revenue rose 45% to $16.8 billion, marking a profitable quarter.
Investor Valuation Range
Investors floated a valuation range of $1.8 trillion to $2 trillion for Anthropic's IPO.
Schmidt's Potential Return
Schmidt's stake could yield a return of 4,300 times its 2021 Series A price at a $2 trillion valuation.
The big picture
Eric Schmidt's 1% stake in Anthropic could be worth $20 billion if the AI company reaches a $2 trillion valuation at IPO.
