Reid Hoffman Net WorthReal Name: Reid Hoffman
Date of Birth: 08/05/1967
Place of Birth: Stanford, California
2017 Net Worth: $4.5 Billion
Profession: Chairman and Cofounder of Linkedin, author
Reid Hoffman Biography
Reid Hoffman was born on August 5th, 1967 in Stanford, California. He grew up in the Berkeley, California area. While in high school, Hoffman extracted maple syrup, studied epistemology, and learned to drive a pair of oxen. He attended Stanford University where he graduated with a BS degree in Cognitive Science and Symbolic Systems. He won a Marshall Scholarship and attended Wolfson College, Oxford University, earning his M.A. in philosophy in 1993 as a Marshall Scholar.
Hoffman imagined that he could influence the state of the world on a large scale while he was still in college. Although he saw academia as a way to make an impact, he came to believe that an entrepreneurial career would provide him with a larger platform of people. Hoffman joined Apple Computer in 1994, where he helped to create eWorld, perhaps the first attempt at creating a social media network. eWorld was bought by AOL in 1996. Hoffman cofounded his first company in 1997 called SocialNet.com in 1997. Its main focus was online dating and matching people who had similar interests. SocialNet.com failed, however, and many speculate that it was simply ahead of its time.
Hoffman did, however, see the value and potential of Facebook and invested money in Zuckerberg’s website. Hoffman is also a founding Board Member of PayPal and was instrumental in the acquisition of PayPal by eBay. Perhaps Hoffman’s biggest accomplishment is the creation of Linkedin in 2002, which made him the extremely wealthy man that he is today. When asked, he says that his only regret so far is that he missed out on Twitter, which he did not believe would be as successful as it is.
Hoffman is a partner in the Greylock group and has led the firm to invest in sites such as Airbnb and Groupon. He published a book in July of 2014 that looks at the relationship between employers and employees in a unique light. Hoffman has a net worth of $4.5 billion and lives in Palo Alto, California.