Chamath Palihapitiya Net Worth: How Rich She Is?
Entrepreneur, engineer, Special-purpose acquisition company (SPAC) sponsor, and founder and CEO of Social Capital, Chamath Palihapitiya is a Canadian American. Palihapitiya, a man of Sri Lankan descent, is renowned for having been a senior executive at Facebook early on. From 2007 through 2011, he was employed by the social networking company. During his time as a senior executive at Facebook, Palihapitiya was a member of the group that helped the business become profitable.
He aided in putting the business on the right track to developing into the recognised IT behemoth of today. Chamath Palihapitiya established his own fund, The Social+Capital Partnership, after quitting Facebook (later changed to The Social Capital). Palihapitiya made investments in a variety of businesses through his fund, including Slack and Yammer. The Social Capital’s CEO is still Chamath Palihapitiya. In addition, he co-hosts the podcast All In and is a minor shareholder in the Golden State Warriors.
Chamath Palihapitiya: Quick Info
|Net Worth:||$1 Billion|
|Date of Birth:||Sep 3, 1976 (46 years old)|
|Place of Birth:||Sri Lanka|
|Profession:||Entrepreneur, businessman, venture capitalist|
Chamath Palihapitiya: Early Life and Education
On September 3, 1976, Chamath Palihapitiya was born in Sri Lanka. He immigrated to Canada as a refugee with his family when he was five years old. As a teenager, Palihapitiya worked at a Burger King to support his impoverished family. He attended the Lisgar Collegiate Institute in Ottawa and received his diploma at the age of 17. Palihapitiya then went to the University of Waterloo to study electrical engineering, graduating with a degree in the process.
What is Chamath Palihapitiya’s Net Worth?
A billion-dollar venture capitalist and entrepreneur from Sri Lanka, Chamath Palihapitiya is of Canadian descent. As the founder and CEO of the Silicon Valley venture capital firm Social Capital, Chamath Palihapitiya is best known. He was formerly AOL’s youngest Vice President, and he supervised Instant Messenger at AOL. He joined Facebook in 2005, when it had just been around for a year. From 2007 to 2011, he served as a senior executive at Facebook. In 2011, Chamath quit Facebook to start his own investment company, The Social Capital Partnership, afterwards known as Social Capital.
Today, Social Capital oversees investments worth well over $1 billion. The largest investor in Slack Technologies’ financing round in 2015 was Social Capital. Other ventures that saw significant gains in value include Palantir, Paydom (which The Walt Disney Company bought), Bumptop (which Google bought), and Pure Storage.
In addition to his other activities, Palihapitiya co-hosts the well-known technology podcast “All In.” Chamath contributed money to the group of partners who paid $450 million to purchase the Golden State Warriors in 2010, making him a minor shareholder in the franchise. The team is currently valued $5.5 billion. It’s thought that Chamath owns 10% of the company.
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Chamath Palihapitiya: Career Beginnings
Palihapitiya worked as a derivatives trader for a year at the investment bank BMO Nesbitt Burns after receiving his degree from Waterloo. After that, he relocated to California and worked at AOL, where he rose to vice president and eventually led the instant messaging group, becoming the company’s youngest vice president ever. In order to work for the venture capital firm Mayfield Fund, Palihapitiya quit AOL in 2005. He left a few months later to work at Facebook, which had just been founded a little over a year earlier. Palihapitiya worked on the company’s user expansion, enabling Facebook to reach one billion members in 2009. Despite his success at the company, Palihapitiya was reportedly viewed as a bully by his subordinates, according to Steven Levy’s book “Facebook: The Inside Story.“
Chamath Palihapitiya: Political Activity
Palihapitiya has contributed to both of the major US political parties over the years. He has, however, primarily supported the Democratic Party, giving an estimated $1.3 million to the party between 2011 and 2021. He supported Michael Bloomberg to lead the Democratic ticket in the 2020 presidential election.
Palihapitiya established the lobbying organisation FWD.us in 2013 with the goal of enhancing education, promoting technology advancement, and altering immigration laws. Later, in early 2021, Palihapitiya declared that, should California Governor Gavin Newsom be brought to account, he would run against Newsom. Among other campaign promises, he said he would offer a $2,000 credit for each child born in the state and lower the state income tax to 0%. However, Palihapitiya opted not to run the next month.
Chamath Palihapitiya: Personal Life
Palihapitiya began dating Brigette Lau while still a student. Together, they made the trip to California, where they later got married and had three kids before divorcing in 2018. Palihapitiya then started dating Nathalie Dompe, CEO of Dompe Holdings, an Italian model and pharmaceutical heiress. The couple has a single child together.
Chamath Palihapitiya: Investments and Donations
Palihapitiya has made a number of important investments through the venture capital firm Embarcadero Ventures, including a number of firms. He participated in the $450 million purchase of the Golden State Warriors in 2010 and still has a small stake in the team.
Palihapitiya has donated frequently to the University of Waterloo, where he received his undergraduate degree, including a $25 million gift to the engineering department. He also contributed $7 million to help families in the Central Valley of California have access to clean drinking water.