Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

# 111 Dustin Moskovitz $12.7B

Random fact: Charitable foundation is called Good Ventures.

Overview

Moskovitz is a co-founder of Facebook, the world's largest social-networking company, and one of its biggest individual shareholders after Mark Zuckerberg. The Menlo Park, California-based business has more than 2.4 billion monthly users and had revenue of $56 billion in 2018. He co-owns Asana, a provider of task management software.

As of :
Last change -$90.1M ( -0.7%)
YTD change +$2.75B ( +27.7%)
Industry Technology
Biggest asset FB US Equity
Citizenship United States
Age 35
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Dustin Moskovitz's net worth of $12.7B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Moskovitz's fortune is derived from a 1% stake in Facebook, the world's largest social-networking company. He owns about 32 million class B shares, according to the company's 2019 proxy statement.

Facebook has 2.4 billion monthly active users as of June 30, 2019, according to the company's website.

He also founded task-management software company Asana with a former Facebook colleague. The analysis assumes he has a 25% stake, based on typical ownership levels at this stage for similar startups, according to CB Insights data. Asana is valued using the $1.5 billion figure ascribed to the company during its November 2018 fundraising round. A discount of 15% is applied to the valuation to account for typical discounts that similar startups attract on the secondary market, according to two brokers.

Moskovitz hasn't disclosed how much Facebook stock he sold prior to the company's initial public offering. The billionaire sold $143 million in Facebook stock in 2012.

Biography

Birthdate: 5/22/1984
Family: Married, No children
Education: President & Fellows of Harvard College

Born in Gainesville, Florida, Moskovitz grew up in nearby Ocala, graduating from Vanguard High School in 2002. He enrolled at Harvard University, where he roomed with Mark Zuckerberg and Chris Hughes during their freshman year. With classmate Eduardo Saverin, the partners created Facebook from their dorm room in 2004. The site quickly migrated to other universities, prompting Moskovitz and Zuckerberg to drop out of Harvard University and move to Silicon Valley.

In the fall of 2004, Facebook received $500,000 in funding from venture capitalist Peter Thiel. Investments from other venture firms quickly followed. By December 2004, Facebook's membership was approaching 1 million users.

Moskovitz became Facebook's chief technology officer and, later, vice president of engineering. He left the social network in November 2008 to start Asana, an online company providing task management software, with Facebook colleague Justin Rosenstein. In December 2010, Moskovitz joined the Giving Pledge, committing to donate the majority of his fortune to charity. He started his foundation Good Ventures in 2011.

Milestones
  • 1984 Dustin Moskovitz is born in Gainesville, Florida.
  • 2004 Co-founds thefacebook.com in Harvard dorm room with three friends.
  • 2005 Company officially changes its name to Facebook.
  • 2007 Microsoft buys a 1.6 percent stake in Facebook for $250 million.
  • 2008 Leaves Facebook to start Asana with Justin Rosenstein.
  • 2009 Asana receives $9 million in venture funding.
  • 2010 Joins the Giving Pledge with Facebook co-founder Mark Zuckerberg.
  • 2011 Starts his own foundation, Good Ventures.
  • 2012 Facebook files to sell shares in an initial public offering.
  • 2012 Asana releases its first task-management application.