Moskovitz is a co-founder of Meta Platforms, the company behind Facebook -- the world's largest social-network. The Menlo Park, California-based business reported revenue of $117 billion in 2022 and has about 3.7 billion active users. Moskovitz also co-owns Asana, a provider of task management software that went public in 2020.
The largest part of Moskovitz's fortune is derived from a 1% stake in Meta Platforms. He owns about 32 million class B shares, based on the company's 2021 proxy statement. Meta's Facebook, the world's largest social network, has about 3 billion monthly active users, according to a January 2023 company presentation.
He also founded task-management software company Asana with a former Meta colleague and owns 80 million shares of Class A and B stock, according to the company's 2021 proxy statement and subsequent Securities and Exchange Commission filings. Asana went public on Sept. 30, 2020. Prior to this date, his stake wasn't disclosed and it was assumed in this analysis that Moskovitz owned 25% of the company.
Moskovitz hasn't disclosed how much Meta stock he sold prior to the company's initial public offering. The billionaire sold $143 million in Facebook stock in 2012.
An Asana spokesperson declined to comment on Moskovitz's stake in the company.
Born in Gainesville, Florida, Moskovitz grew up in nearby Ocala, graduating from Vanguard High School in 2002. He enrolled at Harvard University, where he roomed with Mark Zuckerberg and Chris Hughes during their freshman year. With classmate Eduardo Saverin, the partners created Facebook from their dorm room in 2004. The site quickly migrated to other universities, prompting Moskovitz and Zuckerberg to drop out of Harvard University and move to Silicon Valley.
In the fall of 2004, Facebook received $500,000 in funding from venture capitalist Peter Thiel. Investments from other venture firms quickly followed. By December 2004, Facebook's membership was approaching 1 million users.
Moskovitz became Facebook's chief technology officer and, later, vice president of engineering. He left the social network in November 2008 to start Asana, an online company providing task management software, with Facebook colleague Justin Rosenstein. In December 2010, Moskovitz joined the Giving Pledge, committing to donate the majority of his fortune to charity. He started his foundation Good Ventures in 2011.