Reid Hoffman's net worth is estimated at $2.4 billion.
Overview
Reid Hoffman's net worth stats
| Net worth: | $2.4 billion |
|---|---|
| Source of wealth: | Investor |
| Date of birth: | August 5, 1967 |
| Place of birth: | Palo Alto, California |
How did Reid Hoffman build his net worth?
Reid Hoffman is a billionaire entrepreneur, venture capitalist, author, speaker, and podcaster best known as a co-founder of LinkedIn, the world's largest professional networking platform.
In addition to his work with LinkedIn, Hoffman has made significant investments in other successful start-ups and authored several books on entrepreneurship and networking.
Reid Garret Hoffman was born in Palo Alto, California, on August 5, 1967. He grew up in Berkeley and attended Stanford University, where he earned a degree in Symbolic Systems and Cognitive Science in 1990. He finished his Master of Studies in Philosophy at Oxford University three years after his college graduation.
Hoffman then worked for several technology companies, including Apple and Fujitsu. In 1997, Hoffman co-founded his first company, SocialNet, an early social networking site. While the site was not a commercial success, it provided Hoffman with valuable experience in the nascent field of social networking.
Reid Hoffman became PayPal’s COO in 2002, making him a member of the notoriously successful and influencial "PayPal Mafia," a group that includes Elon Musk, Peter Thiel, Max Levchin, David Sacks, Steve Chen, and Chad Hurley.
After two years, he co-founded LinkedIn with Eric Ly, which quickly became the dominant professional networking site. LinkedIn currently has over 930 million members worldwide.
In addition to his work with LinkedIn, Hoffman has made a number of successful investments in other start-ups. He has been an early investor in several notable companies, including Facebook, Airbnb, Zynga, and OpenAI.
Hoffman has also written some books, including The Start-Up of You, Masters of Scale: Surprising Truths from the World’s Most Successful Entrepreneurs, and Blitzscaling, which have become popular guides for entrepreneurs.
How has Reid Hoffman spent his wealth?
Reid Hoffman is known for his significant investments in start-ups and cryptocurrency.
In addition to the investments mentioned in the section above, Hoffman has also invested in several other successful start-ups, including Groupon, Flickr, and Edmodo. Hoffman is also a partner at Greylock Partners, a venture capital firm that has invested in a number of successful companies.
Like every billionaire, Reid Hoffman has most likely made pricey real estate purchases. Hoffman, however, does not seem to announce or publicize every purchase he makes.
Aside from investments and real estate purchases, Reid Hoffman is also known for his philanthropic work. He has donated to a number of causes over the years, including education, the environment, health, and political campaigns. Hoffman is also a member of The Giving Pledge, a commitment by some of the world's wealthiest individuals to donate the majority of their wealth to philanthropic causes.
FAQ
How much is Reid Hoffman worth?
Reid Hoffman's net worth is estimated to be $2.4 billion.
Was Reid Hoffman born rich?
Reid’s parents were both lawyers. They could afford to send him to a preparatory school and hire a babysitter for him when he was younger, but this does not necessarily mean he was born rich. It just means Hoffman had a comfortable life growing up.
Is Reid Hoffman a billionaire?
Yes. Reid Hoffman became a billionaire with LinkedIn's sale to Microsoft in 2016.
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