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Facebook made billionaires of these 8 people — here's what they're doing now (FB)

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Dustin Moskovitz

Facebook has spawned dozens of young millionaires in the three years since its 2012 IPO.

A few early investors and employees, however, became billionaires thanks to their involvement with the company. 

According to a recent Wealth-X ranking, Facebook has created more billionaires under the age of 40 than any other company. 

Whatsapp cofounders Jan Koum and Brian Acton, for example, both became billionaires after Facebook bought their company for $19 billion in 2014. 

We're taking a look at Facebook's original billionaires — the young entrepreneurs who made it big after the social network's IPO — to see what they're up to now. 

 

SEE ALSO: Facebook cofounder Chris Hughes is selling his gorgeous New York City condo for $8.75 million

Ousted cofounder Eduardo Saverin now lives in Singapore.

Net worth: $5.4 billion

Age: 33

Saverin has made a number of investments in international tech companies since moving there in 2012.

He's also a cofounder of Los Angeles-based Velos Partners, whose investments include Hampton Creek Foods and Silvercar. 

Saverin and fiancee Elaine Andriejanssen were rumored to be getting married at an ultra-private ceremony on the French Riviera during the last weekend of June, according to Forbes, though those rumors have not been confirmed. 



Cofounder Chris Hughes has moved on to media and politics.

Net worth: estimated at $850 million

Age: 31

After leaving Facebook in 2007, Hughes worked on digital strategy for Barack Obama's 2008 campaign and founded Jumo, a nonprofit social network that has since merged with the GOOD organization. 

In 2012, Hughes purchased a majority stake in the New Republic, a move that has been controversial in the media industry.

He is married to former New York congressional candidate Sean Eldridge. Together they own an 80-acre estate in Garrison, New York, a two-bedroom home in Shokan, New York, and a loft in New York City's Soho neighborhood. The apartment is currently on the market for $8.75 million. 



Cofounder Dustin Moskovitz focuses on philanthropy and running his software firm, Asana.

Net worth: $9.1 billion

Age: 31

Moskovitz left Facebook in 2008 to start task-management app Asana, which he runs full-time to this day. 

He and his wife Cari have donated millions of dollars to causes like malaria eradication and marriage rights through Good Ventures. They are also signers of the Giving Pledge, which means that they plan to give away at least half of their wealth.

In a 2013 Quora thread, Moskovitz described the responsibility he and his wife feel with regards to their wealth: "Cari and I are stewards of this capital. It's pooled up around us right now, but it belongs to the world. We are not perfect in applying this attitude, but we try very hard."



See the rest of the story at Business Insider

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