Eric Schmidt reportedly owns about half as much of Anthropic as CEO Dario Amodei

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, per 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.

Topics

AI , Anthropic , Eric Schmidt , In Brief , Startups

November 4

Boston

Buy One Pass, Get a Second Free

Cover more ground at TechCrunch’s ultimate founder bootcamp of the year by bringing your co-founder or partner for free

Book before the BOGO deal expires

Register Now

Newsletters

See More

Subscribe for the industry’s biggest tech news

Related

AI

VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more

Marina Temkin

3 hours ago

AI

Frontier AI labs say their models refuted the Exponential Time Hypothesis. What does that mean?

Tim Fernholz

11 hours ago

AI

Anthropic’s IPO filing reveals its strategy for keeping enterprise customers hooked

Rebecca Bellan

1 day ago

Latest in AI

AI

VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more

Marina Temkin

3 hours ago

AI

Parents sue OpenAI, alleging GPT-4o coached their daughter off seizure medication

Aditya Mehta

5 hours ago

AI

The data center boom has an upside: innovation for the US grid

Lucas Ropek

5 hours ago