Anne E. Wojcicki is an American entrepreneur and the co-founder and CEO of the personal genomics firm 23andMe.
Wojcicki was married to Google co-founder Sergey Brin in 2007, but the couple separated eight years later.
Anne Wojcicki & Sergey Brin Net Worth Difference
Wojcicki is the co-founder and CEO of 23andMe, a groundbreaking direct-to-consumer DNA testing company headquartered in Sunnyvale, California.
23andMe went public in a SPAC sponsored by U.K. billionaire Richard Branson's Virgin Group in June 2021. Wojcicki, a former Wall Street analyst, co-founded 23andMe in 2006 alongside cofounders Linda Avey and Paul Cusenza.
At 47, 23andMe’s Anne Wojcicki is now the newest self-made billionaire after going public today via a merger SPAC with Sir Richard Branson.— The Hustle (@TheHustle) June 18, 2021
Her net worth was $500M last year, and it climbed to $1.3B today after going public. pic.twitter.com/boN7sTfXDM
In July 2018, GSK, previously GlaxoSmithKline, invested $300 million in 23andMe. A medication developed in collaboration with GSK began human trials in July 2020.
Instead of a standard IPO, 23andMe said in February that the company will merge with VG Acquisition Co. to go public.
Wojcicki ended up with over 99 million publicly listed shares for $13.32 apiece at the end of their first day of trading, placing her position at more than $1.3 billion.
In January 2020, 23andMe licensed an antibody produced by the company to Barcelona-based Almirall. Furthermore, Anne is the younger sister of YouTube CEO Susan Wojcicki. Janet Wojcicki, her other sister, works as an epidemiologist at UCSF.
The number of firms going public through SPACs, commonly known as "blank-check companies," increased dramatically in 2020 as a low-risk option for SPAC sponsors to profit.
Forbes reported, "SPAC Analytics mentioned 343 firms had gone public via SPAC by 2021, raising a total of $107 billion. Clover Health, Hims, and Sharecare are among the other health-related firms taking advantage of SPAC arrangements in 2021."
Wojcicki became an on-paper billionaire earlier this year when her DNA testing business, 23andMe, went public in a SPAC worth $3.5 billion.
Wojcicki has invested in 14 firms with at least one female founder, according to a Fortune (out of 29 overall investments). That is by far the most gender-diverse track record of all the founders whose firms went public or sold this year in deals worth $1 billion or more.
As well as those who have made public investments in other startups. According to Crunchbase, no one male founder in this group has invested in as many female-founded firms as Wojcicki.
However, the company's revenues have dropped in recent years, and it is now drowning in red ink, says Forbes. In the nine months from March 2020 to December 2020, it lost roughly $117 million on revenues of $155 million.
Prior to that, revenue fell 30% to $305 million in the fiscal year ending March 2020, down from $441 million the previous year, according to corporate filings. Before the pandemic, 23andMe lay off 100 people, or 14% of its workforce, in January 2020.
Her ex-husband, Sergey Brin, on the other hand, co-founded Google with Larry Page in 1998 after meeting at Stanford University. they were studying for additional degrees in computer science.
Brin is a co-founder of Alphabet, which controls Google, the world's largest search-engine operator. The Mountain View, California-based firm was founded in 1998. In 2021, its revenue was $258 billion.
He resigned as president of Alphabet, Google's parent company, in December 2019, but he remains a controlling shareholder and board member.
Divorce Reason For Anne Wojcicki And Sergey Brin- Why Did They Split?
Anne Wojcicki and Sergey Brin got divorced in May 2015 after eight years of marriage. The reason behind their separation is kept private rumors have it that they separated after Sergey's affair with Google employee, Amanda Rosenberg.
The couple was separated for a few months before their divorce was made public.
According to the vanity Fair, Wojcicki found a message between the two in late 2012 or early 2013. And by April Brin had moved out of their house before announcing their split in August.
22.— Eclectic ️American 🇺🇸 (@eclectictalk) April 16, 2018
Anne Wojcicki is ... the co-founder and chief executive officer of the personal genomics company 23andMe.
Wojcicki married Google co-founder Sergey Brin in May 2007...
In March 2015 Wojcicki filed for divorce, which was finalized in June 2015.https://t.co/Y6nEKVxyqD
It was also speculated that the relationship with Rosenberg began after the divorce. San Francisco Chronicle reported the former couple had a pre-nuptial agreement that Wojcicki would get an 'undisclosed amount of money if they ever get divorced.'
Brin and Wojcicki unofficially divorced in August 2013, according to an All Things D story, and had been living apart for some months.
It is unclear when Brin began dating Rosenberg, who was named his new love the same day by Valleywag, a Silicon Valley branch of Gawker.
Anne Wojcicki & Sergey Brin's Baby Daughter Chloe Wojin,
Anne Wojcicki and Serger Brin have a son, Benji Wojin born in late 2008, and a daughter, Chloe Wojin born in 2011. Chloe is currently 10 years old while his brother is 13 years old.
They both are too young to pursue any career. Furthermore, their parents have kept them away from the light of public media for proper nurturing.
In 2018, he married Nicole Shanahan, the creator of a legal technology company. They just welcomed a daughter in 2018.
We will update you with further information about his family as soon as possible.