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Nick Summers
Nick Summers is a technology journalist for The Next Web. He writes on all sorts of topics, although he has a passion for gadgets, apps and Nick Summers is a technology journalist for The Next Web. He writes on all sorts of topics, although he has a passion for gadgets, apps and video games in particular. You can reach him on Twitter, circle him on Google+ and connect with him on LinkedIn.
The Wellcome Trust, a large charitable foundation in the UK that funds scientific and medical research, earned over $100 million from Twitter’s high-profile IPO earlier this year.
In its annual results for 2012/13, the Wellcome Trust admitted that its 1 percent stake, acquired privately from founders and employees who wanted some liquidity, “was marked up by more than $100 million” after Twitter floated last month. A report by Management Today says that based on the company’s share price, which is currently hovering at around $56, the Trust’s stake is worth roughly $313 million at the moment.
The charity also has a $185 million investment in Facebook, $219 million in Apple and $200 million in Microsoft.
➤ Annual Report and Financial Statements 2013 [Via The Huffington Post]
Image Credit: EMMANUEL DUNAND/AFP/Getty Images
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