Reid Hoffman Net Worth
Reid Hoffman Net Worth and salary: Reid Hoffman is an American internet entrepreneur and venture capitalist who has a net worth of $6.2 billion. When Microsoft bought LinkedIn for $29 billion, Reid owned 21.4% of the outstanding shares. Reid Hoffman was born August 5, 1967 in Stanford, California and is best known as the co-founder of LinkedIn and as a partner in Greylock Partners. He also as an Executive Vice President at PayPal, Inc. since March 2002, where he was a founding Board Member. At PayPal, Hoffman's responsibilities include all external relationships (including payments infrastructure), business development, international, government and legal. He was instrumental to the company's acquisition by eBay and responsible for partnerships with Intuit, Visa, MasterCard and Wells Fargo. Prior to joining PayPal in 1998, Hoffman was the founder of (failed) online dating site SocialNet, which some regard as the first online social network. Considered one of the most connected men in Silicon Valley, Hoffman has had a hand in creating its two most successful social networks; he is chairman and co-founder of LinkedIn, which now forms the bulk of his wealth, and he backed Facebook, putting money into the Mark Zuckerberg and Co. production alongside friend Mark Pincus in the company's startup days. Hoffman says one of his biggest regrets is missing out on Twitter, which he passed on at the time. As a Greylock partner he has led the firm's investments in Groupon and Airbnb (an internet-based resource for locating unique places to stay (rent) internationally). He sits on the boards of several nonprofits including Kiva, which seeks to combat poverty through microfinance. Hoffman says that in college he formed a conviction that he wanted to try to influence the state of the world on a large scale. He saw academia as an opportunity to make an impact, but later realized that an entrepreneurial career would provide him with a larger platform.