Chamath Palihapitiya Biography & Net Worth
|Popular Name:||Chamath Palihapitiya|
|Birth Place:||Sri Lanka|
Brigette Lau (div. 2018)
|Profession:||Entrepreneur, Software Developer|
|Years active:||2007 Till Date|
|Net Worth:||$1 Billion|
|Last Updated:||December, 2020|
University of Waterloo graduate Chamath Palihapitiya is an entrepreneur who is best known as the chief executive officer of Social Capital, a firm he founded to provide funds to private equity and technology startups. Born in Sri Lanka, he was brought up in Canada where he also pursued his education. He has worked in Silicon Valley for years, and has been described as a dedicated man who works to impact the world by Former Yahoo Executive and chief executive officer of SurveyMonkey Dave Goldberg. Social Capital has been cited as a strategically outstanding one due to its principal focus on financial services, education and healthcare, and providing software as a service. Chamath has invested in a several online ventures and small companies, all of which also account for his wealth. Personally, he fancies quality to wealth, and it is his belief that the mentality and goal of people today is to set up star-ups with the sole purpose of making huge amounts of money and this mind-set has ruined the industry and quality of services. Chamath Palihapitiya has continued to serve as an inspiration to many people. Looking at what he has achieved so far in his life and what he has done with Social Capital, it is easy to see why this man is making it big as an accomplished billionaire, and there are no debates whatsoever on what he can achieve in the future with the platform he has set. Let’s examine exclusive details like Chamath Palihapitiya’s biography and career journey, financial data, salary and more, all included in this article. If you want to find out more about this personality, simply continue with reading this post.
Chamath Palihapitiya’s Early Life
Chamath Palihapitiya was born in Sri Lanka on September 3, 1976. When he was six years of age, his family migrated to Canada where he was raised. He also experienced his education in Canada, attending the University of Waterloo in Ontario for his bachelor’s degree in chemical engineering. Graduating in 1999, Chamath started working as a trader at an investment bank ‘BMO Nesbitt Burns’. He worked at this bank for as much as three years before relocating to California in the United States in 2000, in search of other opportunities.
Chamath Palihapitiya’s Career
After he made a big move to California, Chamath found employment at AOL and worked efficiently to become General Manager and Vice President of ICQ and AIM at AOL in 2004. The following year, he left his role at AOL and joined Facebook, initially doing a job that focused on increasing Facebook’s user base. Chamath was included as part of Facebook’s Senior Management Team and he played a significant role in the technological development and expansion of Facebook. Prior to joining Facebook, he worked in important positions in companies like Spinner.com, Winamp, and Mayfield Fund.
Working as a staff of Facebook, Chamath started to invest in several small companies, including Pure Storage, Palantir, Bumtop which was later acquired by Google, and Playdom, which was purchased by the Walt Disney Company. Leaving Facebook in 2011, Chamath started his fund venture ‘The Social Capital Partnership’. He started this company as a strategic investment fund, making significant investments in ventures that no big companies would fund; mainly paying attention on healthcare and education. His approach was applauded by many because of its innovative application. Since then, he has invested in several major companies including Imperium, which was purchased by Google, and Yammer, which was acquired by Microsoft.
In 2015, Chamath changed the name of his company to Social Capital. He is credited as one of the founders of FWD.us, a group formed in 2013 that deals with making improvements to education and immigration reforms. He is also one of the owners of Golden State Warriors LLC, a team of the National Basketball Association.
Personal Life & Family
Chamath Palihapitiya was married to Brigette Lau for many years until 2018, and they lived hapily in their home in the States until things ended between them. He is a very family-oriented individual and loves to spend time with his family and close friends.
Having lived in the three countries; Sri Lanka, Canada, and the United States, Chamath attributes his outlook and experience to his upbringing in all three countries. He is also an enthusiastic blogger and has written lots of articles, both personal and technical, for ‘A Medium Corporation’.
Chamath Palihapitiya Net Worth
Best regarded as Sri Lankan-born Canadian-American entrepreneur and venture capitalist, Chamath Palihapitiya net worth is $1 billion. For clarity sakes, it is important to note that he has made his wealth by working in several prominent positions at major companies, as well as investing in several companies as well. He is currently the chief executive officer of the firm Social Capital which he founded in 2011. He is also a minority investor in the NBA team Golden State Warriors, and has made dozens of angel investor investments, most which became extremely valuable and contributed to his wealth.