Net Worth
Chamath Palihapitiya Net Worth
What is Chamath Palihapitiya’s net worth?
| Net Worth: | $1 Billion |
|---|---|
| Age: | 44 |
| Born: | September 3, 1976 |
| Country of Origin: | Sri Lanka |
| Source of Wealth: | Entrepreneur |
| Last Updated: | 2021 |
Introduction
As of June 2022, Chamath Palihapitiya’s net worth is approximately $1 billion.
Chamath Palihapitiya is a venture capitalist, engineer, and CEO of Social Capital. He was a senior executive at Facebook which he joined in 2007 and left in 2011.
Palihapitiya is a minority stakeholder and board member of the Golden State Warriors.
Early Life
Chamath Palihapitiya was born on the 3rd of September, 1976, in Sri Lanka.
Palihapitiya moved to Canada when he was 6 years old with his family. His father was unemployed and his mother was a housekeeper. He attended Lisgar Collegiate Institute where he later graduated at the age of 17.
In 1999, he graduated from the University of Waterloo. He later moved to California to be with his then-girlfriend.
Career
Palihapitiya began to work at AOL in 2004 where he became the vice president and general manager of AIM and ICQ.
He then began to work as a member of Facebook’s Senior Management. Palihapitiya quit his job at Facebook in 2011 to start his own fund venture.
Since then, he has invested in several companies such as Yammer, which was bought by Microsoft and Imperium, which was bought by Google.
He named the company Social Capital in 2015. Palihapitiya is also known for being the co-owner of Golden State Warriors and he is one of the founders of FWD.us.
As of June 2022, Chamath Palihapitiya’s net worth is $1 billion.
Highlights
Here are the best highlights of Chamath Palihapitiya’s career:
- CEO of Social Capital
- Boardmember and stakeholder of Golden State Warriors
Favorite Quotes From Chamath Palihapitiya
“The goal of a private company is, first, zero to one. Get past the product market fit, figure out whether people actually care about what you’re trying to build and someone will pay you money for that. That’s the zero to one problem. So scaling, one through N, is figuring out can you do that at scale and how big is the scale.” – Chamath Palihapitiya
“As you start the company, you start spending spending spending ahead of revenue but then you come out of it and very quickly you should become a company that spends less than it makes. And what I mean by very quickly, is that window of time should be in that 6 to 8 year time frame. And the reason is because if you build your business model correctly it’s almost unavoidable.” – Chamath Palihapitiya
“I think the reality is that it’s never been a better time to be an entrepreneur, it’s never been a better time to work at a startup. You work at a really intellectually free environment, you get to work with people who are like-minded, it’s very energetic. It’s wonderful.” – Chamath Palihapitiya
What you should be in a rush for isn’t necessarily the immediate monetary return, but it’s to know that this equation existing between an employee and a company is being honored. What’s the equation? I’m going to give you my most precious thing that I have – my time and my reputation.” – Chamath Palihapitiya
View our larger collection of the best Chamath Palihapitiya quotes!
2 Important Lessons From Chamath Palihapitiya
Now that you know all about Chamath Palihapitiya’s net worth, and how he achieved success; let’s take a look at some of his best lessons that we can learn from him:
1. Sense Of Perfection
We live our lives around a sense of perfection because we get rewarded in short term signals. We conflate that with value, we conflate it with truth, and what it really is is fake, brittle popularity that’s short term and leaves you even more vacant and empty before you did it.
2. Truth and Popularity
Don’t confuse truth and popularity. You can use the money to amplify whatever you believe and get people to believe what is popular is now truthful. And what is not popular may not be truthful.
Summary
Chamath Palihapitiya is the CEO and founder of Social Capital. He was born in Sri Lanka and he later moved to Canada with his family. He has invested in many online ventures and small companies throughout his career.
As of June 2022, Chamath Palihapitiya’s net worth is roughly $1 billion.
