Reid Hoffman is an American entrepreneur, venture capitalist, and author. He is the co-founder of LinkedIn, a business-oriented social networking website, and a partner at the venture capital firm Greylock Partners.
Reid Hoffman’s net worth
According to Forbes, Reid Hoffman’s net worth is $2.4 billion. He has earned wealth through his successful career as an entrepreneur and venture capitalist. He is best known for co-founding LinkedIn and being an early investor in companies such as Facebook, Zynga, and Airbnb.
General info about Reid Hoffman
| Net Worth | $2.4 billion |
| Full name | Reid Garrett Hoffman |
| Known as | Reid Hofmann |
| Date of Birth | August 5th, 1967 |
| Place of Birth | Palo Alto, California |
| Height | 5’6″ (1.68 m) |
| Nationality | American |
| Education | Stanford University |
| Profession | Entrepreneur, venture capitalist |
What is Reid Hoffman’s salary?
As the Independent Director of Microsoft, Reid Hoffman’s total compensation is $325,000. This is significantly less than the compensation of other executives at the company, with CEO Satya Nadella receiving the highest salary of $42,910,200.
In addition to his role at Microsoft, Hoffman is also a venture capitalist and co-founder of LinkedIn. His income is likely derived from company investments rather than a salary. He is known for being an early investor in successful technology companies such as Facebook, Zynga, and Airbnb.
What made Reid Hoffman famous?
Reid Hoffman is best known for co-founding LinkedIn, a business-oriented social networking website that has become one of the world’s most popular professional networking websites. With over 600 million members in more than 200 countries and territories, LinkedIn has been a significant success and has helped to connect professionals from around the globe.
In 2016, Microsoft acquired LinkedIn for $26.2 billion, which further solidified Reid’s position as a leader in the world of professional networking.
Reid has also been an early investor in successful technology companies such as Facebook, Zynga, and Airbnb. His wealth, estimated at over $2.4 billion, is a testament to his success as a business leader and investor.
How Reid Hoffman Made His Fortune
Reid Hoffman was one of the founding members of the core team at PayPal, alongside Peter Thiel, Luke Nosek, and Ken Howery. eBay acquired the company in 2002 for $1.5 billion, and Hoffman made significant money from this deal. PayPal quickly became a popular online payment platform, and the company’s success played an essential role in Hoffman’s later success as an entrepreneur and venture capitalist.
Shortly after, he co-founded LinkedIn, which became a hugely popular professional networking website and was eventually acquired by Microsoft for $26.2 billion. He also invested in other successful tech companies, such as Facebook and Airbnb, through his role at the venture capital firm Greylock Partners.
Family and relationship
| Partner | Michelle Yee |
| Father | William Parker Hoffman |
| Mother | Deanna Ruth Rutter |
| Siblings | None |
| Children | None |
Reid Hoffman has been married to Michelle Yee since 2004. The couple has decided not to have children. Hoffman has cited his focus on major projects and Yee’s focus on spirituality as reasons for this decision.
Hoffman also has several notable friends and associates in the tech industry, including Elon Musk, Airbnb’s Brian Chesky, and Mark Zuckerberg.
Early Life and Education
Reid Hoffman was born in Palo Alto, California, on August 5, 1967. He received his Bachelor’s degree in symbolic systems from Stanford University in 1989 and then earned his Master’s degree in philosophy from Oxford University as a Marshall Scholar.
Interesting facts
In addition to his successful career at LinkedIn, there are several exciting facts about Reid Hoffman that are worth mentioning. Here are some of them:
- He was a team member that developed the first version of PayPal.
- He has been an early investor in many successful technology companies, including Facebook, Zynga, and Airbnb.
- He is a prolific author and has published several books, including “The Start-Up of You” and “Blitzscaling.”
- Before co-founding LinkedIn, he worked at several tech companies, including Fujitsu and Apple.
- In addition to his work in technology, Reid Hoffman is also active in philanthropy and has supported organizations such as Kiva and the Open Philanthropy Project.
- He is an avid fan of science fiction and has cited authors such as Isaac Asimov and Neal Stephenson as influences on his thinking.
Notable Achievements
Reid Hoffman is a highly accomplished businessman and technology entrepreneur with a strong focus on philanthropy. Throughout his career, he has achieved several notable accomplishments in the tech industry and the world of entrepreneurship.
In terms of his business career, Hoffman is best known for co-founding LinkedIn in 2002 and helping to grow it into one of the largest professional networking platforms in the world.
In addition to his success in the tech industry, Hoffman is also known for his work as an entrepreneur and investor. He is a partner at the venture capital firm Greylock Partners, where he has invested in several successful start-ups, including Facebook and Airbnb. He is also a successful author, having written several books on entrepreneurship and business strategy.
Hoffman is also deeply committed to philanthropy and has donated significant money to various charitable causes. He is a member of the Giving Pledge, a commitment by wealthy individuals to give away at least half of their wealth to philanthropic causes. Through his charitable giving, Hoffman has helped to support a wide range of important reasons, from education to global health.
Getting to Know Reid Hoffman
To learn more about Reid Hoffman, there are a few books and documentaries that may be of interest. “The Start-Up of You” by Reid Hoffman and Ben Casnocha offers insights into Hoffman’s career development and entrepreneurship approach. “Blitzscaling” by Reid Hoffman and Chris Yeh is another book that covers Hoffman’s experiences scaling companies and the challenges of rapid growth.
Additionally, the documentary “Inside Bill’s Brain: Decoding Bill Gates” includes an interview with Hoffman discussing his work with Bill Gates and their shared focus on philanthropy.
Final word
In conclusion, Reid Hoffman, worth $2.4 billion, is a highly successful business leader and philanthropist who has significantly impacted the technology industry and beyond. His successful career, extensive network, and dedication to philanthropy have made him one of the most notable figures in the world.
His work with LinkedIn and other companies, as well as his writing and investing, have helped to shape the modern tech landscape and continue to inspire entrepreneurs and business leaders.
