Reid Hoffman was born on August 5, 1967, in Palo Alto, California. As a child, he developed an interest in tabletop roleplaying games and even worked as an editor for Chaosium, an Oakland, California-based gaming company.
Hoffman attended Putney School in Vermont, where he participated in farming activities. In 1990, he graduated from Stanford University with a Bachelor of Science in Symbolic Systems and Cognitive Science.
Hoffman’s academic achievements won him a Marshall Scholarship for graduate studies overseas. He earned a Master of Studies in Philosophy at Wolfson College in Oxford, which he finished in 1993.
What is Reid Hoffman’s Net Worth in 2024?
According to Celebrity Net Worth, the estimated net worth of Reid Hoffman is $3 billion as of 2024.
Reid Hoffman is well recognized for co-founding the online social network LinkedIn. He also co-founded the AI software startup Inflection AI and is a partner at the venture capital firm Greylock Partners, where he is an active angel investor.
Before his success at LinkedIn, Reid was a high-level executive at PayPal, eventually rising to Executive Vice President. Hoffman was responsible for all external interactions at PayPal, including payments infrastructure, commercial development, international, government, and legal.
He was key in the company’s acquisition by eBay and oversaw agreements with Intuit, Visa, MasterCard, and Wells Fargo. Before joining PayPal in 1998, Hoffman founded the (failed) online dating site SocialNet, which some consider the first online social network.
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Career Highlighted
Hoffman joined Apple Computer in 1994 following his graduation, working on an early effort at creating an online service called eWorld.
After that, he went to Fujitsu before co-founding SocialNet.com in 1997, which concentrated on online dating and matching people with like interests. Hoffman also held a board of directors post when PayPal was started. He full-time joined PayPal in January 2000 as the Chief Operating Officer (COO).
Personal Life
Hoffman is well known for his philanthropic endeavors, having served on the boards of various organizations such as Kiva.org, Endeavor Global, and New America.
He is also a founder donor and board member for Opportunity@Work, as well as a member of the MIT Media Lab’s advisory council.
Hoffman’s contributions to society include his support for many causes, such as immigration reform and voting rights. He co-founded the pro-immigrant advocacy group FWD.us and has been an outspoken supporter of democratic institutions.
Reid Hoffman Achievement
Hoffman’s efforts to the tech sector have brought him many honors. Ranked third on the Forbes Midas List of the best tech investors in May 2012, he also got the “Salute to Greatness” honor from Martin Luther King Jr.
Hoffman has accomplished more outside of the tech industry. In 2017, he was made an Honorary Commander of the Order of the British Empire (CBE), and for his commencement speech in 2022, he was awarded the Nichols-Chancellor’s Medal by Vanderbilt University.
Investment
In addition to his business endeavors, Hoffman is regarded as one of Silicon Valley’s most active and prosperous angel investors.
He made his first investment in the online hotel marketplace Airbnb in 2010 after joining the venture capital firm Greylock Partners as a partner. Hoffman makes investments at Greylock in social networks, mobile, enterprise software, social gaming, and consumer services.
Digg, Tagged, Viki, TrialPay, Flickr, Kongregate, Edmodo, Swipely, SixApart, Coda, Blockstream, Neeva, and Entrepreneur First are just a few of the businesses he has invested in. Hoffman has also made many noteworthy investments in businesses that deal with transportation, such as Aurora, Joby Aviation, Nauto, Convoy, and Nuro.
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