Chamath Palihapitiya was an early executive at Facebook. He is currently a venture capitalist and the founder of Social Capital. He is also the owner of Golden State Warriors. He is one of the richest software engineers in the world, and he has a career as a poker player too. Here are the complete details about career, biography, and net worth of Chamath Palihapitiya in 2020.
Early Life & Biography
Chamath Palihapitiya was born on 3rd September 1976 in Sri Lanka. His family moved to Canada when he was six. His father was mostly unemployed, and his mother was a housekeeper. They were living on welfare and underwent a poor childhood life. He attended Lisgar Collegiate Institute and worked part-time to support his family. He also attended the University of Waterloo and has a degree in electrical engineering. He worked as a derivatives trader and then moved to California with his wife.
Chamath Palihapitiya has been successfully married to his wife, Brigette Lau. It has been not known if the couple has got any kids as the man with very high IQ prefers to keep his personal life private. He is a very talented individual and is known for asking himself questions. He is a refugee and has lived in many places like Sri Lanka, the United States, and Canada. Right from his early childhood, the venture capitalist aimed at becoming a rich person.
Career, Award & Nominations
After completing his bachelor’s degree, Chamath Palihapitiya became an employee of AOL. He was the youngest vice president of the company and was the head of the instant messaging division. After leaving AOL, he joined Mayfield Fund in 2005. He left that company too and joined the newly formed Facebook. He was responsible for increasing the user base of Facebook. Apart from that, he is also a poker player and has competed in several poker events. He has made cashed in two WPT (World Poker Tour) and three WSOP (World Series of Poker). He has finished at the 101st position of the World Series of Poker’s Main Event in 2011.
As a venture capitalist, Palihapitiya has made investments when he was still associated with Facebook. He has made investments in several companies like Bumptop, Playdom, Pure Storage, and Palantir. He was employed in Facebook until 2011. During this, the uses of Facebook increased from 50 million to 700 million. Following this, he began his own fund called ‘The Social+Capital Partnership’. This was started along with his wife. In 2015, the firm was renamed to “Social Capital”. His firm has invested in education and health and has received praises for his positive approach. His company has raised more than $500 million from their capital fund venture.
He has also invested in many other companies like Premise, Glooko, Inc., Box, Slack, Second Market, and Yammer. Palihapitiya is currently the chief executive officer of Social Capital. He is also one of the founders of the lobbying group called FWD.us. He has been described as someone “who wants to make an impact in the world”. He has worked in other organizations like Spinner.com and Winamp. Apart from that, he is the co-owner of the National Basketball Association (NBA) team Golden State Warriors LLC. In addition to this, he is also a blogger and has penned several articles. He writes for Medium Corporation.
Net Worth & Earnings
How much net worth do you think one should have to make him a venture capitalist? Well, he has a net worth of over $1.3 billion. He earned as a software engineer and manager at AOL, Mayfield Fund, and then at Facebook. He made several critical investments in companies that went on to become big. It is his investment that drew him the majority of his current wealth.
As a venture capitalist, he faced a few controversies, and he is quite outspoken on several political issues through his blog. Of late, he has been super critical about how Facebook is destroying society.