| Net Worth | $3 Billion |
| Known for | Social Capital, Virgin Galactic, Entrepreneur, Venture Capitalist |
| Position | CEO – Social Capital, Chairman – Virgin Galactic |
| Country | Srilankan, Currently resides in the United States of America |
| Age | 44 |
| Last Updated | 2020 |
Chamath Palihapitiya Net Worth
Chamath Palihapitiya is an American Venture Capitalist. He is the Founder & CEO of Social Capital, a venture capital firm based in Palo Alto, California.
As of 2020, the estimated net worth of Chamath Palihapitiya is $3 Billion.
Chamath Palihapitiya Early Life & Education
Chamath was born in Sri Lanka on September 3rd, 1976. His family moved to Canada, when he was just six.
Chamath’s father remained unemployed & his mother had to work as a nurses’ aide alongside being a housekeeper. Their family lived on welfare, as a result, Chamath had to sleep on a mattress in the living room for a long time.
Chamath Palihapitiya graduated from Lisgar Collegiate Institute at the age of 17.
After that, he went to the University of Waterloo and graduated with a degree in electrical engineering in the year 1999.
Chamath Palihapitiya Career
After graduating from University, Palihapitiya started working as a derivatives trader at BMO Nesbitt Burns, an investment Bank.
Then he joined AOL. In 2004, he became the (youngest) vice president of AOL and headed the instant messaging division.
Chamath Joined Facebook in 2005. His responsibility as an Executive at Facebook was to increase their user base. From the time Chamath joined Facebook, until 2011, he helped increase their user base by 15 times.
During his time at Facebook, Chamath had made some great investments in companies including Bumptop, Palatir, Playdom, & Pure Storage.
Chamath Palihapitiya & Social Capital
After leaving Facebook in 2011, Palihapitiya together with his wife, founded their own VC company, Social+Capital Partnership.
The name of their company was later changed to Social Capital. It’s prime focus area includes technology companies working in the fields of healthcare, financial services, education & SaaS.
When they started out, these sectors were largely neglected by the majority of VC funds.
If you like this article, then you’ll love reading about Stephen Schwarzman, founder of Blackstone. His company has one of the largest portfolios of Alternative Assets.
Chamath Palihapitiya Personal Life
Chamath’s first wife was Brigette Lau, whom he divorced in 2018. He currently lives with his girlfriend Nathalie Dompe in California. She’s an Italian pharmaceutical heiress and a model.
Chamath Palihapitiya Income & Net Worth
Currently Chamath’s main source of income is the salary he draws from his company for the work. It’s a modest $350,000 per year. Although it might seem like a lot of money, it’s tiny compared to the Millions his peers draw.
Palihapitiya’s net worth is tied to his company Social Capital and it’s assets. As of 2020, the net worth of Chamath Palihapitiya is estimated at $3 Billion.
Chamath Palihapitiya Highlights
1. Became the youngest Vice President of AOL – 2004
2. Joined Facebook – 2005
3. Left Facebook & started Social + Capital Partnership – 2011
4. His fund achieved more than 1 Billion AUM – 2015
5. Became a board member of Slack Technologies. – 2017
6. Palihapitiya stepped down from the board of directors of Slack Technologies. – 2019
7. Helped take Virgin Galactic public – 2020
Conclusion
We hope this story on Chamath Palihapitiya & his net worth inspires you to do something equally great in your life. Who knows, we would be writing about you, next!
As of 2020, Chamath Palihapitiya’s net worth is estimated at $3 Billion.
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