Chamath Palihapitiya Bio | Wiki
Chamath Palihapitiya is a Sri Lankan-born Canadian and American venture capitalist, SPAC sponsor, and engineer. He is the founder and CEO of Social Capital. Chamath was an early senior executive at Facebook, working at the company from 2007 to 2011. Following his departure from Facebook, he began his fund, The Social+Capital Partnership, through which he invested in several companies, including Yammer and Slack.
The Social+Capital Partnership changed its name to Social Capital in 2015. Chamath serves as the co-host of the technology podcast All In. With an estimated net worth of around US$1.2 billion as of April 2021, he is ranked 2,378th on the Forbes list of Billionaires 2021.
Chamath Palihapitiya Age
Chamath was born on September 3, 1976, in Sri Lanka. She is 45 years old.
Chamath Palihapitiya Height
He is a man of average stature and stands at a height of 5 ft 7 in (Approx. 1.70 m).
Chamath Palihapitiya Family
He was born in Sri Lanka to Sri Lankan parents. In 1982, Chamath moved with his family to Canada at age five. His father Gamage had been posted to the High Commission of Sri Lanka, Ottawa. Five years later, in 1986, the posting came to an end, and the family applied for refugee status rather than returning home, on the basis that Gamage had been criticized for his views on the violence during the Sri Lankan Civil War.
Chamath’s father was frequently unemployed, and his mother did low-paying housekeeping jobs. At age 14, he worked at a Burger King to support his family
Chamath Palihapitiya Girlfriend | Nathalie Dompe
Chamath was previously married to Brigette Lau. The two share three children together and divorced in 2018. Currently, Chamath lives in California with Nathalie Dompe, an Italian pharmaceutical heiress, model. She is the CEO of Dompe Holdings. The couple started dating in 2018 and shares one child.
Chamath Palihapitiya Education
He attended Lisgar Collegiate Institute and graduated at the age of 17. After graduating from the University of Waterloo in 1999 with a degree in electrical engineering, Chamath worked for a year as a derivatives trader at the investment bank BMO Nesbitt Burns. He then accepted a job offer at Winamp and moved to California.
Chamath Palihapitiya Spacs
In April 2021, John Coates, acting director of the SEC’s corporate finance division, criticized Chamath’s views on the benefits of SPACs over traditional IPOs. Coates clarified that a judge could rule a SPAC is similar enough to an IPO that the lesser securities law liability would be void. In June 2021, Social Capital Survetta filed for four new SPACs which would focus on biotechnology companies, under the stock tickers DNAA through DNAD
Chamath Palihapitiya Podcast
He is a co-host of the technology podcast All In alongside Jason, David Sacks, and David Friedberg. The hosts talk about industry veterans, degenerate gamblers & besties. They cover all things economic, tech, political, social & poker.
Chamath Palihapitiya Warriors | Golden State Warriors
In January 2022, he said on the “All-In podcast to co-host Jason Calacanis that the Uyghur genocide does not concern him as much as problems faced by families in America. In response, the Golden State Warriors issued a statement saying that Chamath “does not speak on behalf of our franchise, and his views certainly don’t reflect those of our organization.” Chamath clarified his remarks in a tweet, saying that he recognized he came across as “lacking empathy”.
Chamath Palihapitiya Clover Health Sofi
In 2021, Chamath announced he planned to help take SoFi, a financial services platform, and Clover Health, a Medicare insurance company, public through SPACs. This gained him criticism from the Financial Times, which said that he is “shilling risky reverse-mergers to retail investors on an almost bi-monthly basis”.
Following the Clover Health SPAC, Hindenburg Research issued a report about this transaction accusing Chamath of luring investors into a “broken business”, arguing that he failed to inform them about an active Department of Justice investigation into Clover’s allegedly deceptive business practices. Chamath made more than $290 million from the deal based on a $25k investment.
Chamath Palihapitiya Virgin Galactic
In 2019, Chamath helped take Virgin Galactic public through a SPAC, previously known as IPOA. In March 2021 he sold his personal stake in Virgin Galactic for around US$213 million. Chamath stepped down as chairman of Virgin Galactic in February 2022.
Chamath Palihapitiya Investments
During his time at Facebook, Chamath invested in several startups through Embarcadero Ventures, a venture capital fund. In 2010, he helped to buy the Golden State Warriors for $450 million. Chamath remains a minority stakeholder and board member of the team.
According to the team as of 2022, he was a “limited investor with no day-to-day operating functions”. There is uncertainty regarding how much of the Golden State Warriors Chamath actually own with figures between 2% and 10% given.
Chamath Palihapitiya Social Capital
He is the Founder and CEO of Social Capital, where Chamath makes big bets on transformational ideas, technology, and people. Social Capital invests from a balance sheet of permanent capital to support entrepreneurship at all stages. With a focus on profit-minded opportunities and forward-thinking social investments that have the potential to shape a better future.
The firm has backed transformative companies like Virgin Galactic, Opendoor, and Slack, as well as over 70 private investments. Prior to founding Social Capital, Chamath was the longest-tenured member of Facebook’s senior executive team and led the development and launch of new platforms that drove the company’s tremendous global growth.
Chamath Palihapitiya For Governor
On 25 January 2021, Chamath announced he would challenge incumbent California Governor Gavin Newsom in the event Newsom were recalled. If elected, he said he would cut the state income tax rate from 16 to 0 percent, provide free education vouchers, allow for a two thousand dollar credit for every child born in California, and work to make California the center of climate and technology jobs. He shared a campaign website that was created by a supporter. In February 2021, however, Chamath declared he would not run for Governor.
Chamath Palihapitiya Poker
He has three World Series of Poker (WSOP) and two World Poker Tour (WPT) cashes for a total of $175,801. In 2011, Chamath finished 101st out of 6,865 entries in the World Series of Poker’s Main Event.
Chamath Palihapitiya Net Worth
He earns his wealth from his career, therefore, he has amassed a fortune over the years. Chamath’s estimated net worth is $1.2 billion. He was ranked 2,378th in the Forbes list of Billionaires 2021.
Who Is Chamath Palihapitiya
Chamath is a Sri Lankan-born Canadian and American venture capitalist, SPAC sponsor, and engineer. He is the founder and CEO of Social Capital. Chamath was an early senior executive at Facebook, working at the company from 2007 to 2011.