Chamath Palihapitiya’s net worth has now reached $2.8 billion in 2021, but how did the entrepreneur make his fortune? Find out more about Chamath Palihapitiya’s net worth here! Read on…
Education And Early Career
Chamath Palihapitiya was born on August 22, 1976, in Sri Lanka. In 1998, he earned a degree in international relations from Stanford University. After earning his bachelor’s degree in 1999, Chamath joined Applied Materials as an associate consultant where he worked for three years. Following his stint at Applied Materials, Chamath served as an executive assistant to senior vice president at RRE Ventures. Eventually he landed a job with AOL where he worked in various departments including strategic planning and operations before being promoted to vice president of operations strategy and integration management by 2004.
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Chamath Palihapitiya’s Full Bio
Chamath Palihapitiya is an American businessman, venture capitalist and former vice president of Facebook. He was a part of Facebook since its first round of funding at a $5 million valuation in 2004 and continued to serve as vice president of user growth until 2010. According to Forbes, he had net worth $1.7 billion in March 2016 which increased to $2.6 billion in November 2017. Let’s take a look how his wealth is going to grow over next few years
What Are His Most Successful Investments In The Last Decade
The big gainer is obviously Snapchat, which he started investing in after meeting Evan Spiegel in 2011. The company eventually rejected his $3 billion offer to buy it and instead accepted a $20 million investment from him in 2013. By January 2017, it was valued at a staggering $25 billion. In total, Chamath has earned around $1 billion from Snap (SNAP). This also includes his shares in cloud-based gaming platform Playkey, on which he has made around 80% of his earnings over that time period. His other major stakes are Facebook (FB), Airbnb and Spotify.
Qualities Of Successful Entrepreneurs
There are many qualities that separate successful entrepreneurs from unsuccessful ones. The four main characteristics of entrepreneurial success include: ambition, motivation, courage and creativity. An ambitious entrepreneur has a burning desire to be successful in business that helps them work through tough times, keeps them going when they fail or get discouraged and gives them a positive outlook on their future. A motivated entrepreneur is committed to achieving his or her business goals and will do what it takes to achieve those goals — even if it means sacrificing personal needs for business needs. Motivated entrepreneurs aren’t afraid of hard work or taking risks; in fact, they’re willing to take great risks for great rewards.
Assets & Properties
Key homes and other valuables owned by Chamath Palihapitiya are worth millions of dollars. His home in San Francisco is estimated to be worth $4 million, which includes 5 bedrooms, 2 bathrooms, and 2 garages. The tech mogul also owns another property in Mountain View that is thought to be valued at $5 million. Both properties are likely owned free-and-clear because he appears to have a net worth close to zero. His primary form of income is likely from his ownership stake in Facebook . Currently he owns 239,228 shares of Class A common stock, which was most recently trading at about $200 per share as of September 2017. That would put his equity compensation at just under $50 million based on trading price data from Yahoo!
Earning & Income Sources
Chamath Palihapitiya net worth is $1.4 billion as of January 2017. He was born on September 22, 1977 in Toronto, Canada. His nationality is Canadian and ethnic origin is Sri Lankan and he has completed his education from University of Waterloo (2002). Chamath Palihapitiya income sources are Facebook where he is a co-founder, executive VP and board member since 2005 until 2007 then again executive chairman, chief strategy officer & founder at Social Capital LP since 2011 to date earning him a total of $2 billion which adds to Chamath Palihapitiya net worth. A website called Value Walk estimated Chamath’s net worth was $3.5 billion in 2012.
Chamath Palihapitiya’s Net Worth
Chamath Palihapitiya’s net worth has now reached $2.8 billion in 2021.
Last Updated on January 16, 2022
Andrew Smith is a professional News researcher and writer. He has been writing latest tending news articles for various news agencies.