Reid Hoffman Net Worth – Earnings of LinkedIn Founder

Reid Hoffman is a digital entrepreneur and venture capitalist in America. He is well renowned for being one of the founders of LinkedIn, a social networking site on the Internet. In addition, he is a partner at the venture financing firm Greylock Partners and co-founded the AI software startup Inflection AI.

Reid worked as senior management at PayPal before starting his remarkable success on LinkedIn. He has been a strong advocate for democratic systems and the right to vote. He has contributed to many campaigns and organizations and is actively engaged in political advocacy and funding.

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Reid Hoffman Net Worth

Reid Hoffman net worth is estimated at $3 billion. His net worth is derived from his profitable business endeavors in the technology industry, particularly his role as a co-founder of LinkedIn. He also earned a substantial income as a partner at Greylock Partners.

Reid held 14.5 million LinkedIn shares when Microsoft purchased the company for $29 billion in 2016. When the company was purchased by Microsoft for $192 a share, Reid's stake in LinkedIn was worth $2.8 billion before taxes.

Personal Life

Hoffman got married to Michelle Yee in 2004. Reid Hoffman house is in Seattle, Washington where he lives with his family. In 2019, Hoffman organized a dinner that included Jeffrey Epstein, Elon Musk, and Mark Zuckerberg. It was reported that Reid Hoffman Epstein island visit for a weekend in 2014.

According to Hoffman, the meeting's goal was to generate money for the Massachusetts Institute of Technology. Recently he invested millions of dollars in the electoral technology startup Smartmatic.

Early Life

Reid Hoffman was born on August 5, 1967, in Palo Alto, California. He spent most of his childhood in Berkeley and played many tabletop role-playing games. At the time, he was based in Oakland and worked as an editor for the gaming firm Chaosium.

In 1990, he graduated with a BS in Symbolic Systems from Stanford University and a Master of Studies in philosophy from Oxford's Wolfson College in 1993.

According to name databases, it is assumed that Reid Hoffman Jewish religion. But this is not true. He is not a Jewish.

Professional Career

Early Years:

Hoffman began working on eWorld at Apple Computer in 1994. eWorld was purchased by AOL in 1996. Before co-founding his first business, SocialNet.com, he later worked at Fujitsu in 1997. Hoffman served on the board of directors at SocialNet when PayPal was first established. He quit SocialNet in January 2000 to become the COO of PayPal, a full-time position.

LinkedIn:

Hoffman and two former SocialNet coworkers co-founded LinkedIn in December 2002. On May 5, 2003, LinkedIn, one of the earliest online social networks focused on business, went public. Hoffman held a $2.34 billion investment in LinkedIn at the time of its initial public offering on May 19, 2011.

AI Ventures

Hoffman invested early on in OpenAI, a business that conducts research on artificial intelligence. Hoffman's co-founding of Inflection AI, a new startup, was revealed in March 2022. On March 3, 2023, Hoffman stepped down from his position on the OpenAI board. As of May 2023, at least 37 AI businesses had received investments from Hoffman and Greylock Partners.

On March 13, 2023, Reid Hoffman AI book "Impromptu: Amplifying Our Humanity Through AI" was published. Hoffman allegedly authored the book using the massive language model GPT-4. That year, it was listed as a Wall Street Journal bestseller.

Podcast:

On April 25, 2017, Reid Hoffman introduced the Masters of Scale podcast, which focuses on business and finance. WaitWhat is the producer of the podcast. The podcast has featured interviews with famous entrepreneurs and leaders.

Well-known personalities who came to the podcast are:

• Netflix co-founder Reed Hastings
• Airbnb co-founder and CEO Brian Chesky
• Uber CEO Dara Khosrowshahi
• Imagine Entertainment founders, Brian Grazer & Ron Howard
• President Barack Obama

Politics Contributions

Hoffman often attends and is a member of the Bilderberg Group. In 2015, Hoffman received a seat on the Council on Foreign Relations. Reid Hoffman was named one of the founders of the pro-immigration advocacy group FWD.us, which was established in April 2013.

Hoffman gave the Mayday PAC $150,000 in 2014 and $500,000 to David Chiu's State Assembly campaign in 2014. In 2016, Hoffman developed a card game based on the Cards Against Humanity format to mock US presidential candidate Donald Trump.

Hoffman, who has been a vocal supporter of democratic systems and the right to vote, wrote an article on LinkedIn in 2021. In 2020, Hoffman also wrote an essay advocating for Voting Day to be declared a holiday.

Awards

Frequently Asked Questions

Q. What is LinkedIn net worth?

Microsoft declared in 2016 that it would buy LinkedIn for $196 per share, or $26.2 billion. This was Microsoft's biggest investment until Activision Blizzard investment in 2022.

Q. What was Reid Hoffman Facebook earnings?

 Hoffman sold $36 million worth of shares at the IPO, and his investment is still worth about $75 million. Hence, he earned about 3,000 times his original investment.

Q. Who is the owner of LinkedIn now?

Microsoft has been the owner of LinkedIn since 2016.