Reid Hoffman is a name that resonates powerfully in tech entrepreneurship. As we enter 2023, exploring his net worth uncovers not just staggering numbers but a tale of technology, investment, and visionary leadership. The article below delves into Reid Hoffman net worth in 2023.
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What is Reid Hoffman’s Net Worth and Salary in 2023?
| Information | Details |
| Gender | Male |
| Birth Date | August 5, 1967 |
| Age | 55 years old |
| Education | Stanford University, Oxford University |
| Birth Place | Stanford, California, USA |
| Nationality | American |
| Net Worth | $2.2 billion |
| Source of Wealth | Co-founder of LinkedIn, investments |
| Height | 1.68 meters |
According to Forbes, Reid Hoffman’s net worth is around $2.2 billion. Most of his money comes from starting LinkedIn, a popular site for professional connections, and investing early in big tech companies like Facebook, Zynga, and Airbnb.
In addition to his substantial net worth, Hoffman also holds the position of Independent Director at Microsoft, earning a total compensation of $325,000.
Why is Reid Hoffman Famous?
Reid Hoffman is mainly famous for starting LinkedIn, a professional networking website that has completely changed how people interact and talk to each other in business. LinkedIn’s success and impact have made Hoffman a highly recognized figure in the tech industry.
Furthermore, Hoffman’s fame extends beyond LinkedIn, encompassing various other accomplishments.
Working as a partner at Greylock Partners, a company that invests in new tech businesses, Reid Hoffman has made smart investments in many successful startups. This has boosted Reid Hoffman’s reputation in Silicon Valley.
Reid Hoffman’s Overview
Early Life
Reid Garrett Hoffman was born on August 5, 1967, in Palo Alto, California. When he was young, he was passionate about playing tabletop roleplaying games. He even had a job editing games at Chaosium, a company near his residence in Oakland, California.
He attended public schools in Berkeley until high school, where he advocated for smaller classes to enhance Reid Hoffman’s learning experience. This led him to attend The Putney School, a progressive private high school in Vermont, where he engaged in farming activities.
He went to Stanford University and finished his studies in 1990. He got a Bachelor of Science degree in Symbolic Systems and Cognitive Science.
Due to his outstanding academic achievements, he was awarded a highly regarded Marshall Scholarship for pursuing postgraduate studies abroad. He utilized this opportunity to obtain a Master of Studies in Philosophy from Wolfson College, Oxford, in 1993.
Career
He began his career at Apple Computer in 1994, working on eWorld. In 1996, AOL acquired eWorld. After leaving Apple, Hoffman joined Fujitsu before co-founding his first company, SocialNet.com, in 1997.
In January 2000, Hoffman left SocialNet to join PayPal full-time as the company’s COO. He served on the board of directors during the creation of PayPal, a service that enables electronic money transfers.
His involvement in PayPal led to his association with Peter Thiel, who later became an initial investor in LinkedIn.
Hoffman co-founded LinkedIn in December 2002 with two former colleagues from SocialNet. The platform started on May 5, 2003, and was one of the first online social networks focused on businesses and professionals.
Hoffman served as LinkedIn’s founding CEO for the first four years before becoming chairman and executive vice president of products in February 2007. He became executive vice president in June 2009.
On May 19, 2011, when LinkedIn went public, Reid Hoffman held a share in the company valued at approximately $2.34 billion. In 2009, Hoffman became part of the venture capital firm Greylock Partners, which invests in new businesses.
Since then, he has given money to many companies in consumer technology, transportation, finance, and artificial intelligence. Examples include Airbnb, Aurora Innovation, Taptap Send, and Helion Energy.
He also served on Zynga’s board of directors from March 2008 to June 2014 and currently serves on several public commissions, including Aurora, Joby Aviation, and Microsoft.
In 2016, Hoffman sold LinkedIn to Microsoft for a huge amount, $26.2 billion in cash. After that, he joined the board of directors at Microsoft on March 14, 2017. Around the same time, he invested in a company called OpenAI, which researches artificial intelligence.
Then, in March 2022, the public learned about Hoffman and his friend Mustafa Suleyman, who co-founded DeepMind, starting a new company together called Inflection AI.
However, on March 3, 2023, Hoffman stepped down from his board position at OpenAI to prevent conflicts of interest arising from his involvement with the venture capital firm Greylock Partners, where he invested in AI technology companies, and his role as the founder of Inflection AI.
Other Activities
Hoffman often talks at public events. He has spoken at TED and XPrize Foundation conferences and the Bloomberg Equality Summit. He also gives lessons at well-known schools such as Oxford, Harvard, Stanford, and MIT.
As a writer, Hoffman co-wrote a book called The Start-Up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career with Ben Casnocha.
They released the book in 2012, gaining popularity, reaching the bestseller lists of the New York Times and the Wall Street Journal. He then co-wrote another bestseller, The Alliance: Managing Talent in the Networked Age, with Casnocha and Chris Yeh.
In 2018, Hoffman and Yeh wrote Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies. Besides books, Hoffman has written many essays on LinkedIn and articles for the Washington Post and Strategy+Business.
In 2017, Hoffman started a podcast called Masters of Scale. On it, he talks about business theories with successful businesspeople.
Politics
After 2016, he became more involved in politics, especially criticizing Donald Trump, who was running for president as a Republican at the time. Since then, Hoffman has started many groups and projects to oppose Trump and the Republican Party.
Because of this, many regard him as one of the most influential donors who supported the Democratic Party during the Trump era. He has made over 800 donations to political candidates and PACs, with nearly all those contributions going to Democratic individuals and organizations.
Personal Life
Reid Hoffman is married to Michelle Yee. They married in 2004 and have lived in Seattle, Washington, ever since.
Michelle Yee, who was once a speech pathologist, ceased seeing patients to become more active in other pursuits. Even though they have successful jobs, the couple has decided not to have any kids.
Philanthropy
He is part of the boards of different organizations that aim to make the world a better place. Some of these organizations are Kiva.org, Endeavor Global, and New America.
Furthermore, Hoffman helped start Opportunity@Work, a group that works on reducing the opportunity gap. They focus on creating better ways for talented individuals who need formal credentials to access well-paying jobs. He is also on their board of directors.
Additionally, in November 2016, Hoffman and his wife, Michelle Yee, gave $20 million to the Chan Zuckerberg Initiative, a charity that wants to eliminate diseases by 2100.
FAQs about Reid Hoffman
How old is Reid Hoffman?
Reid Hoffman age is 55 years old.
How tall is Reid Hoffman?
Reid Hoffman height is 1.68 meters.
Is Reid Hoffman a Republican?
Reid Hoffman gives a lot of his own money to the Democratic Party.
How much is Brian Chesky net worth?
Brian Chesky, an American internet businessperson and industrial designer, has a fortune of $11.4 billion.
What is Peter Thiel net worth?
Peter Thiel starts businesses, manages hedge funds, and invests in new companies. He is worth $5 billion.
Conclusion
Uncovering the financial journey and success story of Reid Hoffman gives us a glimpse into the life of one of Silicon Valley’s key figures.
However, his tale is just one of numerous captivating stories within the exciting realm of technology and business innovation. If you’ve enjoyed learning about Reid Hoffman, other exciting stories exist at Hereofamily.
