Chamath Palihapitiya Net Worth: Income & Lifestyle

Chamath Palihapitiya is a Canadian-Sri Lankan engineer, venture capitalist, SPAC sponsor with a net worth of $1.2 billion in 2021.

Also, Palihapitiya is the founder and CEO of Social Capital. It is a venture capital initiative from California working in tech startups, venture capital, seed capital, and private equity.

Before, he was a vice president at Facebook, where he grew the company to become one of the most used forms of social media during his tenure.

Chamath Palihapitiya posing for a camera
Chamath Palihapitiya posing for a camera

Likewise, he made his early fortune from Facebook and made lots of angel investments to create his vast pool of assets today.

Further, his attraction towards SPAC IPOs enabled him to become a new billionaire in Forbes’ list of billionaires in 2021.

He was recognized with the Alumni Award by the University of Waterloo in its 60th-anniversary program.

Quick Facts

Firstly, here are a few quick facts about the venture capitalist and SPAC sponsor:

Full Name Chamath Palihapitiya
Net Worth $1.2 Billion
Birth Date 3 September 1976
Known as Chamath Palihapitiya
Age 45 Years Old
Birth Place Sri Lanka
Religion Buddhism
Nationality Canadian, American
Ethnicity Sri Lankan
Education Lisgar Collegiate Institute, University of Waterloo
Zodiac Sign Virgo
Father’s Name Gamage Palihapitiya
Mother’s Name Not Available
Siblings Not Available
Height 6 ft 1 in (185 cm)
Weight 71 kg (157 pounds)
Sexual Orientation Straight
Hair Color Black
Eye Color Black
Profession Venture Capitalist, Investor, Engineer
Roles CEO- Social Capital
Associations Amazon, Tesla, Slack, SurveyMonkey, MedMed, HubHaus, Latch, Sunlight Financial, Sprig, Wealthfront
Endorsements Not Available
Interests Basketball, Travel
Active Years 1961-Present
Marital Status Divorced (In a relationship)
Girlfriend Nathalie Dompe
Ex-Spouse Brigette Lau (div 2018)
Children Four
Social Media Twitter
Last Update October, 2021

Chamath Palihapitiya: Net Worth and Income

Chamath Palihapitiya has generated a massive net worth of $1.2 billion from his Facebook and various investment endeavors.

He earned a handsome salary at Facebook and was often given generous bonuses.

Besides, he has made over $175,000 from participating in three World Series of Poker and two World Poker Tours.

In 2021, he sold off his personal stakes at the Virgin Galactic for a whopping $213 million.

The venture capitalist earned more than $290 million from the Clover Health SPAC. Yet, he had invested a mere $25 thousand into the company.

However, he was accused of deceiving investors by failing to disclose the firm’s shady practices.

In 2019, he was ordered to pay $15.69 million to plaintiffs by the Ontario Superior Court.

Moreover, it was because of conspiring to buy a mobile development platform Xtreme Labs, at a discounted value.

Net Worth of Chamath Palihapitiya in Different Currencies

In the table below are the net worth of Chamath Palihapitiya in different currencies worldwide, including the hot cryptocurrency Bitcoin.

Currency Net Worth
Euro 1,010,778,000,000
Pound Sterling £ 866,094,000,000
Australian Dollar A$ 1,614,282,000,000
Canadian Dollar C$ 1,504,608,000,000
Indian Rupee 87,627,600,000,000
BitCoin ฿ 23,183,940

Cars, Private Jet, and Houses

Cars

Chamath was the first person to order the Renovo Coupe, an electric supercar that costs $530,000.

Moreover, it has a 0-60 mph capacity and reaches speeds up to 120 mph.

He also has a Tesla Model 3 Founder’s Edition which starts at $40,000. It boasts dual motors to control redundancy and provides a range of 353 miles.

The EV can achieve speeds of 162 mph and has the famed autopilot feature on-board.

<<Ashton Kutcher’s Net Worth: Venture Capital & Charity>>

Private Jet

Chamath owns a luxury Bombardier Global 7500 private jet worth $75 million.

Unsurprisingly, it has the world’s longest range among business jets at 7700 nautical miles.

In addition, the jet comes with a spacious living area, full-fledged kitchen, and crew suite.

Moreover, it has a top speed of 0.925 Mach and can host up to 19 passengers.

Houses

Currently, he lives in Palo Alto with his girlfriend Nathalie Dompe, where he conducts many poker events for his friends.

Also, Chamath has a vacation home in the Sierra Nevada mountains designed by Cynthia Wang and Jamie Bush.

Moreover, the house has a beautiful view of the mountains and a luxurious living area with a fireplace, media room, a top-notch kitchen, etc.

Further, it is constructed with flagstone, western red cedar and is filled with posh amenities.

Chamath Palihapitiya: Lifestyle and Vacations

Lifestyle

Chamath tries to keep his children away from technology but does occasionally take them to watch a movie!

Besides, he likes to play poker and has participated in the main event of the World Series in 2011.

The venture capitalist ended up at the 101st position out of 6,865 entrants in the 2011 competition.

Chamath Palihapitiya in the Virgin Galctic spaceport.
Chamath Palihapitiya in the Virgin Galctic spaceport.

Chamath has quite a sense of fashion, as his Valstar suede jacket was a hit among his Twitter followers.

Moreover, he has a rich taste in luxury watches and has the likes of Audemars Piguet Royal Oak, Richard Mille RM035, A Lange & Sohne, etc., in his possession.

Likewise, he is fond of blogging and posted many essays on ‘A Medium Corporation.’

Also, he loves to travel with luxury and regularly places bets on sporting events.

Vacations

Palihapitiya has been to his home country of Sri Lanka a few times to meet with the President and was even appointed as the ICT Ambassador of Sri Lanka.

In 2021, he jetted off to Milan and a Caribbean island to have some off-time.

Chamath Palihapitiya: Charity

In 2021, Chamath announced that he would be donating his initial investments and total profits to The Barstool Fund. 

Ultimately, he contributed around $500 thousand to the fund supporting businesses affected by the pandemic.

Similarly, the businessman donated $7 million to the USAone2one to give 1000 families access to clean drinking water through specialized hydro panels.

In addition, he tweeted in 2020 that if the price of bitcoin were to hit $150 thousand, he would buy the Hamptons and convert the area into affordable housing.

Media, Investments, and Book Recommendations

Media

Chamath has appeared in the TV Shows CBS This Morning in 2018 and Poker Night in America in 2017.

Besides, his archive footage has been used in the short documentary ‘Anonymous: This Will Change Everything You Know 2018-2019.’

Similarly, he has been featured in interviews with Bloomberg, CNBC, This Week in Startups, and Phocuswright.

In addition, the businessman has also featured on the Investor’s Podcast Network, Stanford GSB, etc.

Podcast

He hosts a podcast, ‘The All-In Podcast, ‘ with David Sacks, David Friedberg, and Jason Calacanis.

In addition, they cover stuff about the economy, technology, political, social matters, and poker.

<<Charles Barkley Net Worth: Income & Career>>

Investments

Chamath is a minority investor and a board member of the NBA side Golden State Warriors.

He is a founding member of the FWD.us. It is a lobbying campaign that started to improve the education system and immigration reforms.

Further, the venture capitalist had started investments during his days as a Facebook employee.

For example, he invested in Palantir, which Disney later acquired, and Bumptop, which Google bought.

Since then, he has been into SPAC IPO’s where he launched Opendoor, an online real estate dealer, and Clover Health, an insurance provider.

Bitcoin

In 2013, Chamath revealed that he owned an amount of Bitcoin equivalent to $5 million. However, he wanted to own about $15 million.

The price of one bitcoin in 2021 has reached around $50,000, so we can expect a vast amount of growth in his crypto investment.

Book Recommendations

While he hasn’t published any books yet, Chamath suggests people read the following books:

Career

Upon completing his engineering degree, Palihapitiya joined the BMO Nesbitt Burns to work as a derivatives trader.

Then, he headed to Winamp and eventually joined AOL to become the vice president of the company. In doing so, he became the youngest VP ever in a company.

Next, he joined Mayfield Fund and worked for a short period. After that, Chamath joined Facebook and helped the company to increase its userbase.

Chamath Palihapitiya speaking in CBInsights.
Chamath speaking in CBInsights.

He started investing during his Facebook days. Later, he left the social networking firm to create Social+Capital Partnership with his ex-wife.

He invested in several companies, including SecondMarket, Box, Slack, Yammer, Glooko, etc. 

He has continued investing and, in 2021, entered the billionaire club with a total wealth of $1.2 billion.

<<Alexis Ohanian Net Worth: Charity & Investments>>

3 Facts About Chamath Palihapitiya

Initially, his family used to live on welfare. So, he used to work part-time at Burger King to make ends meet.

Also, he has always wanted to become rich and was obsessed with the Forbes’ Billionaires List as a child.

He once revealed that he tips at least 100% on most of his outings. It is because he loves to see the joy on the people’s faces when they receive a generous tip.

Social Media Presence

Chamath is highly active on Twitter, where he mostly shares his work and thoughts.

However, he is inactive on other platforms such as Facebook, Instagram, Tiktok, etc.

Twitter – 1.5 million followers

Quotes of Chamath Palihapitiya

“Startups should be – if you graph their financial performance, it should be what’s called a J curve. So you start out at zero. you’re not making any money; you’re not losing any money.”

“One of the things I have known my entire life is that I have an innate capability for making money.”

“If the government shuts down, nothing happens, and we all move on because it just doesn’t matter. So stasis in the government is actually good for all of us.”

“Here’s the thing – if you want to do good things in the world, there’s just only so much time that one can spend being a glass half empty.”

FAQs

Did Chamath immigrate from Sri Lanka?

Yes, Chamath was born in Sri Lanka in 1976 and immigrated to Canada at six.

What did Chamath study?

Chamath has studied electrical engineering. And, he earned his degree from the University of Waterloo.

Is Chamath married?

No, Chamath was divorced in 2018 but is currently dating Nathalie Dompe.

Related articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share article

Trending Articles

Paul Anderson: Career, Peaky Blinders & Net Worth

Of course, if you are into web series and TV shows, then you might have came crossed the famous BBC production series, Peaky Blinders. The...

Jennifer Schwalbach Smith: Podcast, Husband & Net Worth

Jennifer Schwalbach Smith is an actress and podcaster who is best known for her time as a reporter on USA Today. Jennifer is also well-known...

Top List

17 Best Winter Sports in the World

The cold winter days demand a cozy setting at home with hot chocolates and a perfect show to binge-watch as we remain curled up...

The 10 Best Scooter Riders in the World

Are you into scootering? And do you want to know about the best scooterists in the World? Well, you're in for a treat as...