Reid Hoffman Net Worth
Reid Hoffman is a rich businessman and venture capitalist. According to Forbes, his net worth is astonishing $4.7 billion as of 2015. What build a corner stone of his wealth was when he co-founded LinkedIn. He belongs to world’s 500 richest people. Let’s take a look on how he did managed to do that.
Hoffman wanted to be a professor and famous intellectual. But he later decided that he has much better chance of making huge impact as an entrepreneur. He worked at Apple and Fujitsu, before he founded his forst company in 1997 named SocialNet.com. It was basically a sophisticated dating website focused on matching people based on their interests.
In 2002, Hoffman utilized all his experience and with some friends that co-founded SocialNet with him started a new project called LinkedIn. When they later sold LinkedIn to eBay, Hoffman became insanely rich. Instead of just enjoying his wealth and spending on expensive toys, Reid decided to help other with their IT projects and became a venture capitalist. Financing promising new businesses made him even richer and his net worth skyrocketed.
Reid is married to Michelle Yee since 2001. He’s very active in several charitable projects like Kiva.org and Do Something. His dream of being the person who makes a difference became a reality. Investing into startups is rewarding financially as well as personally. The risk is probably higher than with publicly traded stocks of established companies but the upside potential is literally limitless.
