Eric Schmidt reportedly owns about half as much of Anthropic as CEO Dario Amodei
Former Google CEO reportedly holds 1% of the AI lab, potentially adding $20 billion to his net worth upon IPO
Quick Look
- Former Google CEO Eric Schmidt reportedly holds a 1% stake in AI startup Anthropic.
- With the company potentially valued at $2 trillion upon a public offering, Schmidt's investment could increase his net worth by as much as $20 billion.
AI-generated summary
Why It Matters
Eric Schmidt invested in Anthropic's Series A round in 2021 when the company was valued at $461 million. He has been an active tech investor since leaving Google in 2011.
Eric Schmidt’s fortune is about to get even bigger. The former Google CEO is reported to own about 1% of Anthropic after investing tens of millions of dollars in the leading AI lab’s Series A round in 2021, according to Bloomberg. The startup was valued at $461 million at the time, according to PitchBook data.
If Bloomberg’s estimate is accurate, Schmidt’s stake is remarkably large compared with the 2% of the company that co-founder and CEO Dario Amodei holds. Anthropic is widely expected to go public before the end of the year, with top-end market estimates valuing the company at as much as $2 trillion. At that valuation, Schmidt would add as much as $20 billion to his net worth, which Bloomberg currently puts at $57.5 billion.
Schmidt has been an active tech investor since stepping down as Google CEO in 2011. He deploys capital through multiple entities, including Tomorrow Ventures, Innovation Endeavors Management, and his family office, Hillspire. His other AI bets include Mistral, General Intuition, and Reflection AI.
Schmidt and Anthropic didn’t immediately respond to our request for comment.
Open Questions
- Will Anthropic actually go public by the end of the year?
- What is the exact current valuation of Anthropic?
