Eric Schmidt's Anthropic stake could be worth $20 billion at IPO

Summarised from 2 outlets · Updated 20 Oct, 19:08 · Archive

Former Google CEO Eric Schmidt owns roughly 1% of AI startup Anthropic, potentially worth $20 billion if the company goes public at a $2 trillion valuation.

Former Google CEO Eric Schmidt owns roughly 1% of Anthropic, the AI startup behind the Claude chatbot, after investing tens of millions of dollars in its 2021 Series A funding round when the company was valued at $461 million.

If Anthropic reaches valuations being discussed by investors—between $1.8 trillion and $2 trillion—Schmidt's stake could be worth as much as $20 billion. At Anthropic's most recent valuation of $965 billion, his stake was already worth nearly $10 billion on paper. A $2 trillion valuation would push his estimated total wealth to nearly $80 billion.

Anthropic is widely expected to go public before the end of the year, with the company potentially beginning to market its IPO as soon as the week of November 9, which could allow shares to begin trading before Thanksgiving. Schmidt's stake of roughly 1% is notably larger than co-founder and CEO Dario Amodei's 2% holding. Schmidt and Anthropic declined to comment on the reports.

How it is being reported

• Eric Schmidt reportedly owns about half as much of Anthropic as CEO Dario AmodeiThe former Google CEO owns about 1% stake in the leading AI lab, Bloomberg reported.TechCrunch · 20 Oct, 18:55
• Ex-Google CEO Eric Schmidt’s early Anthropic bet could balloon to $20B in blockbuster IPOThe 71-year-old billionaire owns roughly 1% of the company after investing tens of millions of dollars in its 2021 Series A funding round.New York Post · 20 Oct, 17:40

In this story: Eric Schmidt · Anthropic · Dario Amodei · Google

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