What more do you expect from someone who has received his degrees from Stanford and Oxford Universities other than co-founding a website for professional networking and building a huge empire for himself? Wait, that’s not all Reid Hoffman has also made it to the Forbes list of billionaires! Yes, the American internet entrepreneur and venture capitalist has done it all. Now, let’s have a closer look at Reid’s net worth in 2019.
Born in August 1967 in Palo Alto, California, Reid Hoffman was unlike many kids of his age. You could say this from the fact that his first paid job was at the age of 12 as an editor at a game company called Chaosium. He graduated from Stanford University in 1990 and received M.St. in philosophy from Oxford University. In one of his interviews, he has given credit to his unusual educational background of philosophy and said that it honed his critical thinking and made him a better investor and entrepreneur. He wanted to influence the world on a large scale and that is perhaps, why instead of going with his initial plan, academics, he entered the field of tech and decided to pursue his career in business and entrepreneurship. He is married to Michelle Yee and they both reside in Palo Alto, California.
Reid Hoffman co-founded his first company, socialNet.com in 1977 which focused mainly on online dating. He left socialNet in 2000 and joined PayPal as the company’s COO where he majorly handled its external relationships. He co-founded LinkedIn in December 2002. The website is credited as being one of the first business-oriented online social networks. Nowadays, LinkedIn is home to more than 335 million people and is very advantageous for those seeking jobs. Reid Hoffman later became the chairman and president of LinkedIn, sold the website to Microsoft for $26 billion and became a board member of Microsoft in 2017.
He also joined Greylock Partners as an investment partner and his current investments include Coupons.com, Trial pay, Wrapp, Care.com, Knewton, Last.fm, Nanosolar, Flickr and many more. He has become an inspiration to many and is often seen at Stanford University, Harvard University and Oxford University as a guest lecturer. Reid Hoffman is also an author and through his writings he has advocated for immigration reform and has encouraged funding for grass-root projects. He’s the co-author of the career book “The Start-up of you: Adapt to the future, Invest in yourself and Transform your career” and the management book “The Alliance”.
Awards and achievements:
Reid Hoffman has received many awards for his work. He has received the Entrepreneur of the year award for LinkedIn. In 2012, he was awarded the David Packard medal of achievement award by TechAmerica for his contributions in the tech industry. The same year, he was honored with “Salute to Greatness” award by Martin Luther King Jr. Center. In 2014, he received the distinguished citizen award from the Commonwealth Club. Recently, in 2017, he was appointed an honorary Commander of the Order of the British Empire. He was also ranked number 3 on the Forbes’ Midas list of Top Tech Investors. This is just a mention of some of the awards and honors he has received. The list goes on and on. Somebody has said it right; follow your dreams and the world will follow you.
Net worth of Reid Hoffman
Reid Hoffman’s net worth is $3.4 billion. He was the youngest billionaire to be on the list of Forbes 400. He’s all over the internet. He is on the board of several non-profits and he has a hand in the establishment of many famous networking sites such as Facebook.
Reid Hoffman has used his education to a great advantage and now he is using his work for the benefit of himself as well as others. His dream to influence the society on a large scale has to a large extent been fulfilled. We wish him luck for the future.