Suhail Rizvi Biography & Net Worth
|Popular Name:||Suhail Rizvi|
Suhail R. Rizvi
Patti Blanchard Rizvi
|Profession:||Businessman, Venture Capitalist|
|Net Worth:||$700 Million|
Suhail Rizvi is a prominent American businessman and investor who is best known for being one of the founders of the Rizvi Traverse Management LLC. Also the Chief Investment Officer of this company, he has served to the best of his capacity since the firm was established and continues to put in maximum efforts toward expanding the company, as well as his riches. Details of Suhail Rizvi’s biography, business ventures, family and financial data has been included in this article. Read on to discover how this Indian-born businessman rose through various stages of his professional life and has amassed the amount of wealth which he now possesses.
Suhail Rizvi’s Biography & Career
Rizvi was born in India in the year 1965. He is notoriously private, and has refused to disclose much private information about himself.
He started his early schooling in India before eventually moving to the United States to further his education. He earned his Bachelor of Science in Economics degree from the University of Pennsylvania’s Wharton School.
His is the son of Syied Humayoun Raza Rizvi, who was a professor at Ellsworth Community College in Iowa Falls, Iowa. He has a brother named Ashraf Rizvi. His brother is a successful hedge fund manager also based in the United States where he carries out his business across many cities.
Suhail Rizvi is a businessman and investor who is best known for being one of the founders of the Rizvi Traverse Management LLC. He is also the Chief Investment Officer of this company, and currently serves on the Wharton Undergraduate Executive Board. A smart investor and venture capitalist, he has invested in many companies including the likes of Square, Flipboard, Facebook and Twitter. Due to his huge stake in Twitter, both for himself and for other investors, Rizvi was the subject of scrutiny in the media at the time of the company’s IPO.
Along with making investment in social media, this businessman has also invested in several other industries including telecommunications and entertainment. In April 2007, Rizvi Traverse purchased an equity ownership stake in the famous Summit Entertainment, best known for being the studio behind the world-famous and successful “Twilight” series. In January 2012, the Lions Gate Company announced that it had purchased Summit Entertainment for $412.5 million.
In 2005, Rizvi’s firm obtained controlling interest in International Creative Management, but eventually sold its stake. After a series of management issues with the talent agency, Rizvi Traverse Management swapped its equity, for a combination of cash, interest in certain assets of the company, and preferred non-voting shares. The firm also helped Hollywood sensation Hugh Hefner purchase Playboy Enterprises again in 2011. In November 2015, the firm announced that it was acquiring 3D cinema technology company RealD for a whopping $551 million.
Awards & Achievements
This American businessman is known for his intelligence and business acumen which helps him remain afloat and on top of the charts. His hard work has been the key factor behind his success and achievements in the business industry. While he hasn’t won any official awards and recognition yet, Suhail Rizvi is usually hailed for his ability to make smart business moves, and this attribute has helped him make positive decisions that led him to invest in several companies like Square, Flipboard, Facebook and Twitter. He has also made profitable investments in several other industries such as telecommunications and entertainment, and currently holds huge stakes in many leading companies.
Suhail Rizvi Net Worth
A graduate of the University of Pennsylvania’s Wharton School, Suhail Rizvi is regarded as one of the top men in the world of business. This Indian American businessman and entrepreneur is probably best known for his huge stake in Twitter and for owning Playboy Enterprises, among many other investments. At the time of Twitter’s IPO, he was supposedly close to being a billionaire. Suhail, also a venture capitalist, is the co-founder of Rizvi Traverse Management LLC. He is also the chief investment officer of this company, and this has also contributed to his earnings as a businessman. In addition to his streams of income which includes investments in companies such as Twitter, Square, Facebook, and Flipboard, and currently serves on the Wharton Undergraduate Executive Board. His company also invested in entertainment and telecoms, by acquiring an equity ownership stake in Summit Entertainment as well as a controlling interest in International Creative Management. His company also expanded its investments by purchasing cinema technology company RealD for $551 million in 2015.
Suhail Rizvi net worth is more than $700 million at the moment. He became the owner of Playboy Ent. After his company, Rizvi Traverse bought out investment firm Icon Acquisition Holdings which took Playboy Enterprises private. At the time of Hefner’s demise, Rizvi owned 65% of Playboy Enterprises. Playboy Enterprises Inc. owned the real Playboy Mansion which was sold to Twinkie billionaire heir Daren Metropoulos in 2016 for $100 million. There’s very little known about his personal life and family as he is a very private individual, but from the things that are observable on the surface especially through his business dealings and accomplishments, it would not be out of place to conclude that Rizvi is one of the smartest and most successful investors and capitalists in the world.