A Brief Guide On Dustin Moskovitz's Net Worth And Biography
Dustin Moskovitz CEO was a part of Meta platforms with Mark Zuckerberg and others. Check out details on Dustin Moskovitz's Net Worth here!
- Dustin Moskovitz helped launch Facebook in 2004 with then-roommate Mark Zuckerberg from their Harvard dorm.
- After leaving the social network in 2008, he cofounded Asana, a workflow software company.
- Asana went public in a direct listing on the New York Stock Exchange in September 2020.
- Most of his net worth lies in his estimated 2% stake in Facebook.
- Moskovitz and his wife have built the philanthropic foundation Good Ventures, which has given millions to malaria eradication and marriage equality.
- Moskovitz and Tuna are also the primary backers of the Open Philanthropy Project, an organization that advises donors and makes grants.
Wealth History
Moskovitz is a co-founder of Meta Platforms, the company behind Facebook -- the world's largest social-network. The Menlo Park, California-based business reported revenue of $86 billion in 2020 and has about 2.8 billion active users. Moskovitz also co-owns Asana, a provider of task management software that went public in 2020.
As of January 2, 2023 :
Last change -$20.0M ( -0.2%)
YTD change -$12.6B ( -53.0%)
Biggest asset Cash
Country / Region United States
Age 38
Industry Technology
The largest part of Moskovitz's fortune is derived from a 1% stake in Meta Platforms. He owns about 32 million class B shares, based on the company's 2021 proxy statement. Meta's Facebook, the world's largest social network, has 2.8 billion monthly active users, according to a January 2021 company presentation.
He also founded task-management software company Asana with a former Meta colleague and owns 80 million shares of Class A and B stock, according to the company's 2021 proxy statement and subsequent Securities and Exchange Commission filings. Asana went public on Sept. 30, 2020. Prior to this date, his stake wasn't disclosed and it was assumed in this analysis that Moskovitz owned 25% of the company.
Moskovitz hasn't disclosed how much Meta stock he sold prior to the company's initial public offering. The billionaire sold $143 million in Facebook stock in 2012.
An Asana spokesperson declined to comment on Moskovitz's stake in the company.
Biography
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.
- 2020 Asana goes public
Youngest Billionaire
For several years, beginning in 2010, Dustin was the youngest billionaire on the planet. He is just eight days younger than his Facebook co-founder Mark Zuckerberg. Dustin held that title until around 2014 when he was beaten out by both Snapchat founders.
Early Life
Dustin Moskovitz was born in 1984 in Gainesville, Florida to a Jewish family of Russian and Polish descent. He was raised in Ocala, and attended Vanguard High School, from which he graduated with an IB Diploma. He subsequently went to Harvard University, studying as an economics major for a year and a half.
Facebook Founding
While at Harvard, in February of 2004, Moskovitz and his roommates Mark Zuckerberg, Eduardo Saverin, and Chris Hughes founded Facebook. The website, originally named thefacebook.com, was intended to be an online directory of Harvard students that would primarily help male students identify and objectify female students from other residencies. In June of 2004, Moskovitz, Zuckerberg, and Hughes took a year off from Harvard to move Facebook's operations base to Palo Alto, California. They hired eight employees, and were eventually joined by Napster cofounder Sean Parker. Moskovitz served as Facebook's first chief technology officer, and then became vice president of engineering. Among his duties were leading the technical staff, managing the company's mobile development and strategy, and overseeing the primary architecture of the website.
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