Chamath Palihapitiya Biography, Net worth, Wife or Girlfriend and Family

Chamath Palihapitiya is a venture capitalist who has created enormous wealth through his venture capital investment firm, Social Capital, of which he is the founder and CEO. He was an executive of the popular social media network Facebook during its early years. The businessman is recognized in Silicon Valley as a savvy investor and entrepreneur. Palihapitiya regularly appears as a guest on business and technology television shows to give his expert opinion on current issues in the field of technology and investment.

Chamath Palihapitiya – Biography,

Chamath Palihapitiya was born on the 3rd day of September 1976 in Sri Lanka. His family moved to Canada around the time he was six years old. From his accounts of his childhood, the Palihapitiya family was struggling financially, he recalled that his father was unemployed most of the time and his mother worked as a housekeeper and housekeeper. Due to these financial difficulties, the family had to live on social assistance. Palihapitiya attended high school at Lisgar Collegiate Institute in Ontario and worked part-time while in school to support her family.

Palihapitiya was admitted to the University of Waterloo to study Electrical Engineering. He graduated in 1999 and was later hired by BMO Nesbitt Burns, an investment bank, to act as a derivatives trader. He stayed in the bank for just one year and moved to the United States to join his girlfriend in California. Upon arriving in the United States, he landed a job at AOL. He was named vice president and head of AOL’s instant messaging group, becoming the company’s youngest vice president. He was later employed by Mayfield Fund.

Chamath Palihapitiya ended up spending a few more months at Mayfield Fund, which soon moved to Facebook, where he led the team responsible for growing the platform’s user base. When Palihapitiya joined Facebook, the company was less than two years old. He has publicly spoken of his admiration for Facebook founder and former boss Mark Zuckerberg, praising Zuckerberg’s objective decision-making style and down-to-earth attitude.

While on Facebook, Palihapitiya was an angel investor in many startups that turned out to be very profitable investments, including Playdom, which was eventually bought by The Walt Disney Company, Pure Storage, Bumptop – acquired by Google, Palantir, among others . He quit his job at Facebook in 2011 and later launched his own venture capital fund, The Social Capital Partnership, which was later renamed Social Capital.

Some of Chamath Palihapitiyavia Social Capital’s investments include stakes in Yammer, Slack, Glooko and SecondMarket. Some prominent investors, such as Peter Thiel, co-founder of PayPal, are among the investors in the Social Capital venture capital funds.

Palihapitiya is an avid poker player and has placed high in a few tournaments. As a social and political commentator, he has criticized Silicon Valley executives for ignoring diversity in their approach to hiring staff and investing in companies. He also decried the use of algorithms and social engineering by social media companies, primarily Facebook, to keep users attached to their platforms as unethical.

In 2018, several staff members including co-founders from Social Capital left the company due to disagreements over Palihapitiya’s approach to business investment. Without blinking, he hired several others to replace those who had left.

Net value

Chamath Palihapitiya has an estimated net worth of $1.2 billion. The highest percentage of his net worth comes from exercising his stock options on Facebook, which were quite sizable. He has also had great success as an investor due to several liquidity events on his portfolio companies, such as acquisitions and initial public offerings (IPOs).

Family – Does he have a wife or girlfriend?

Chamath Palihapitiya was married to Brigette Lau until 2018 when he filed for divorce. He had left Canada to join her in California when she was his girlfriend and together they created the venture capital fund Social Capital. They share three children.

After the divorce, it was reported that Palihapitiya was romantically involved with a certain business executive in Europe.

ncG1vNJzZmivp6x7r63Io5innaeoe6S7zGiZrrKqZL2mu8%2BlnGibmJa6osDHZqeapJmdrrG106KwmmWSnrxuusStZLCnoqm1bsPIn5xmp6JitKq%2By5%2Bpop2emXqiusNmnZqlmaHGcA%3D%3D