Eric Schmidt

Latest moves

Nov 10, 2026 edition

Eric SchmidtIPO / MarketsAI & techPrivateAI read · ▲ Watching

Anthropic IPO could turn Schmidt's 2021 bet into billions

The move

Eric Schmidt holds roughly 1% of Anthropic, built from a check of "tens of millions" of dollars in its 2021 Series A when the AI company was valued at $461 million, people familiar with the matter said. At Anthropic's most recent private valuation of $965 billion, the stake would be worth about $10 billion; at the top of the valuation range Anthropic has discussed for its IPO, it could be worth closer to $20 billion. Formal marketing of the IPO could begin as early as the week of Nov. 9, with trading possible before Thanksgiving.

Why it matters

A successful listing would turn one of the smaller-looking AI bets of the early 2020s into one of the biggest paper fortunes in tech, and would test how public investors price a company that still loses money while building toward more advanced AI.

The bear case

Neither Schmidt nor Anthropic has confirmed the 1% figure or said whether any shares have already been sold, and no SEC filing discloses his personal stake, so the exact size and value are unverified.

What to watch

Anthropic's price range, expected before the roadshow begins.

Source · 24/7 Wall St.Read original ↗Report an error

Nov 2, 2026 edition

Sergey BrinPolicyOtherPrivateAI read · — Wealth-tax fight

Brin and allies pour $102 million into beating a wealth tax

The move

Sergey Brin has put $102 million into Building a Better California, a campaign group he founded in January, to help defeat Proposition 40, a one-time 5% tax on the net worth of Californians worth more than $1 billion who lived in the state on Jan. 1, 2026. The measure, sponsored by the SEIU-United Healthcare Workers West and backed by Sen. Bernie Sanders and Rep. Ro Khanna, goes to voters on Nov. 3. Through Oct. 20, opponents had spent more than $304 million fighting Prop 40 and backing two counter-measures, Props 41 and 42, which could block the tax even if it passes. Other named contributors include Eric Schmidt, John Doerr, Patrick Collison and Michael Moritz. A Politico analysis found more than 70 current and former California billionaires have directed a record $612 million into state races this cycle.

Why it matters

A yes vote could cost Brin and other ultra-wealthy Californians a one-time payment worth billions combined, and a win for the opposition could become a template for beating similar wealth-tax pushes in other states.

The bear case

Backers say the tax hits only a few thousand people once and could raise tens of billions of dollars for healthcare, and some polling has shown public support for taxing billionaires.

What to watch

The Nov. 3 vote on Propositions 40, 41 and 42.

Source · FortuneRead original ↗Report an error

Oct 25, 2026 edition

Eric SchmidtIPO / MarketsAI & techPrivateAI read · ▲ Paper windfall

Eric Schmidt's early Anthropic bet nears a huge payout

The move

Bloomberg reported on Oct. 19 that former Google CEO Eric Schmidt owns roughly 1% of Anthropic, a stake built by investing in the AI company's 2021 Series A round; Reuters reported the week before that some investors have discussed an IPO valuation around $1.5 trillion, down from earlier talk of about $2 trillion.

Why it matters

If Anthropic goes public near those valuations, Schmidt's stake could be worth billions, making him one of the AI boom's biggest individual winners outside the companies he has run.

The bear case

The valuation range is still being debated by investors and could move again before any IPO actually prices, and the exact size of Schmidt's stake hasn't been confirmed.

What to watch

Anthropic's IPO marketing, which could begin as early as Nov. 9, 2026.

Source · The Star (Malaysia)Read original ↗Report an error

Oct 21, 2026 edition

Eric SchmidtInvestmentAI & techPrivateAI read · ▲ Early bet, big paper gain

Eric Schmidt's early Anthropic bet nears a payday

The move

Bloomberg reported Oct. 19 that former Google CEO Eric Schmidt holds about a 1% stake in Anthropic, stemming from an early investment in the AI company's 2021 Series A round. Anthropic filed confidentially for an IPO on June 1 after a $65 billion funding round valued it at $965 billion, and some investors have discussed a listing valuation of around $1.5 trillion, with a listing possible as early as this fall. It is unclear whether Schmidt has sold any of his stake; he and Anthropic did not respond to requests for comment.

Why it matters

A roughly 1% stake at that scale of valuation would make Schmidt one of the largest individual beneficiaries of an Anthropic listing.

The bear case

Anthropic has not confirmed an IPO date or valuation, and reported target valuations for the listing have varied widely across reports.

What to watch

Whether Anthropic sets a formal IPO date and price range this fall.

Source · The Daily GuardianRead original ↗Report an error

Recent SEC filings

No SEC filings in the last 90 days.

Form 4 insider trades post within 2 business days. 13F fund holdings can arrive 45 days after quarter end. New to filings? Read Filings 101.

Footprint

Prices via Finnhub · as of Nov 11, 2026 12:22 PM ET. For information only.

What to watch