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£1.7bn fortune from Google float

13 April 2012

A CARDIFF-born venture capitalist is poised to make $2bn (£1.7bn) when Google, the world's leading internet search engine, floats its shares on the US stock market.

Michael Moritz is a partner in Sequoia Capital in California, which invested $12.5m in Google in 1999 when the company employed only 12 people.

Google plans to float on either the New York Stock Exchange or the Nasdaq hi-tech market. The company is expected to be valued at some $20bn and Sequoia's stake at $2bn.

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