| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $1 billion | N/A | September 3, 1976 | Sri Lanka | Male | N/A | Venture Capitalist, Entrepreneur | Sri Lankan Canadian |
What is Chamath Palihapitiya’s Net Worth?
Chamath Palihapitiya is a Sri Lankan Canadian venture capitalist and entrepreneur who has a net worth of $1 billion.
Highlights
– Founder and CEO of the Silicon Valley venture capital firm, Social Capital.
– Former Vice President at AOL, overseeing Instant Messenger.
– Senior executive at Facebook from 2007 to 2011.
– Co-hosts a popular technology podcast entitled “All In.”
– Minority investor in the Golden State Warriors.
Early Life
Chamath Palihapitiya was born on September 3, 1976, in Sri Lanka. At the age of five, he moved with his family as refugees to Canada. To support his struggling family, Palihapitiya worked at Burger King as a teenager. He attended Lisgar Collegiate Institute in Ottawa and graduated at the age of 17. He then obtained his degree in electrical engineering from the University of Waterloo.
Career
After graduating from Waterloo, Palihapitiya worked as a derivatives trader at investment bank BMO Nesbitt Burns. He later joined AOL, becoming the company’s youngest-ever vice president and heading its instant messaging division. In 2005, he joined Facebook and played a key role in the company’s user growth, helping it reach one billion users in 2009.
In 2011, Palihapitiya left Facebook to start his own company, initially called the Social+Capital Partnership. The firm specialized in funding technology startups through seed money, private equity, and venture capital. It was later renamed Social Capital and managed over $1 billion in assets. However, the company experienced a decline in operations and transitioned into a family office.
Palihapitiya is known for his involvement in special purpose acquisition companies (SPACs) and has taken companies such as Virgin Galactic, Opendoor, SoFi, and Clover Health public through SPACs. He has faced criticism for his use of SPACs and for allegedly luring investors into problematic businesses.
Personal Life
Palihapitiya was previously married to Brigette Lau, and they have three children. After their divorce in 2018, he began a relationship with Nathalie Dompe, the CEO of Dompe Holdings, and they have one child together.
Net Worth Over Time
Chamath Palihapitiya’s net worth has primarily come from his successful career as a venture capitalist and entrepreneur. His net worth is currently estimated to be $1 billion.
Components of Net Worth
Palihapitiya’s net worth is derived from various sources, including:
– Ownership of Social Capital, a venture capital firm managing over $1 billion in assets.
– Investments in companies such as Slack Technologies, Palantir, Paydom, Bumptop, and Pure Storage.
– Minority ownership stake in the Golden State Warriors, estimated to be 10% of the organization.
– Sale of stakes in companies such as Virgin Galactic for approximately $213 million.
– Philanthropic contributions to organizations such as the University of Waterloo and efforts to provide clean drinking water to families in California’s Central Valley.
Overall, Chamath Palihapitiya’s net worth reflects his success in the venture capital industry and his investments in various companies and ventures.
Note: All net worths and other information mentioned in this article are estimates and are sourced from public information.