Chamath Palihapitiya
Sri Lankan-born businessman
Follow Chamath Palihapitiya on Notably News to receive short updates to your email — rarely!
June 6 2024 | Co-hosted a $12 million fundraiser for Trump with David O. Sacks at Sacks's Pacific Heights home in San Francisco, demonstrating his political alignment. |
June 6 2024 | Palihapitiya co-hosted a fundraiser for Donald Trump, alongside Jacqueline Sacks, at Sacks's Pacific Heights home, which raised $12 million. |
2023 | Palihapitiya took over as CEO of Hustle, a texting app acquired by Social Capital in 2020. |
September 2023 | Palihapitiya hosted a fundraiser for presidential candidate Vivek Ramaswamy at his home, with tickets starting at $50,000 each. |
July 2023 | Chamath Palihapitiya married Nathalie Dompé at the Castello Brown in Italy. |
June 2023 | Sold his majority stake in the Golden State Warriors, though he remains a minority stakeholder and board member. |
2022 | Palihapitiya's 10% stake in the Golden State Warriors was valued at $520 million, representing a 2000% return on his original $25 million investment. |
2022 | Following his remarks about the Uyghurs, the Golden State Warriors issued a statement distancing the franchise from Palihapitiya's views, emphasizing that he does not speak on behalf of their organization. |
2022 | Palihapitiya later apologized for his comments via Twitter, acknowledging that he appeared to lack empathy and clarified that he believes human rights matter universally. |
February 2022 | Palihapitiya stepped down as chairman of Virgin Galactic. |
February 4 2022 | The Securities and Exchange Commission opened an investigation into allegations set forth in the Hindenburg Research report about Clover Health. |
January 2022 | In January 2022, Chamath Palihapitiya made controversial comments on the All-In podcast, stating that the alleged persecution of Uyghurs in China did not concern him and that 'nobody cares' about it, which sparked significant backlash. |
2021 | Palihapitiya announced plans to help take SoFi, a financial services platform, and Clover Health, a Medicare insurance company, public through SPACs. |
2021 | Chamath Palihapitiya donated $7 million to provide clean drinking water for 1,000 families in California's Central Valley through a partnership with one2one and Source Global. |
2021 | Hindenburg Research issued a report on the Clover Health SPAC merger, accusing Palihapitiya of luring investors into a 'broken business'. |
June 2021 | Social Capital Survetta filed for four new SPACs, focusing on biotechnology companies, under the stock tickers DNAA through DNAD. |
April 2021 | John Coates, acting director of the SEC's corporate-finance division, criticized Palihapitiya's views on SPACs. |
March 2021 | Palihapitiya sold his stake in Virgin Galactic for around US$213 million. |
February 2021 | Palihapitiya declared that he would not run for governor of California. |
February 4 2021 | The Securities and Exchange Commission opened an investigation into the allegations set forth in the Hindenburg Research report. |
January 25 2021 | Chamath Palihapitiya announced his intention to challenge incumbent California Governor Gavin Newsom in the event of a recall election, proposing significant tax cuts and education reforms. |
2020 | Social Capital acquired Hustle, a texting app used by Democratic campaigns. |
2020 | Palihapitiya purchased a Bombardier Global 7500 private jet for $75 million. |
2020 | Social Capital Hedosophia took Opendoor, an online real estate marketplace, public through a SPAC, raising $1 billion through the merger. |
March 2020 | Palihapitiya expressed his support for Michael Bloomberg as the potential Democratic nominee, suggesting a ticket with either Amy Klobuchar or Elizabeth Warren. |
2019 | Chamath Palihapitiya helped take Virgin Galactic public through a Special-purpose acquisition company (SPAC), previously known as IPOA. |
December 2019 | Chamath Palihapitiya stepped down as a member of the board of directors of Slack. |
2018 | Palihapitiya began dating Nathalie Dompé, an Italian pharmaceutical heiress and model. |
2018 | Chamath Palihapitiya divorced his first wife, Brigette Lau, after having three children together. |
2018 | There was a massive decrease in Social Capital fund's operations and a significant exodus of top management and co-founders. |
2018 | Chamath Palihapitiya transitioned Social Capital to a single GP firm, effectively creating a family office, and expressed his desire to restructure the firm to better align with the long-term interests of entrepreneurs. |
2018 | Palihapitiya donated $25 million to the engineering department at the University of Waterloo, his alma mater. |
2017 | Following his critical remarks about Facebook, Chamath Palihapitiya received backlash from the company, leading him to reiterate his criticisms in a podcast with Kara Swisher. |
November 2017 | In November 2017, Chamath Palihapitiya expressed regret for his role in helping Facebook become the largest social media platform, citing ethical reasons for his feelings. |
2015 | The Social+Capital Partnership changed its name to Social Capital. |
October 2014 | Chamath Palihapitiya's father passed away due to diabetes. |
April 11 2013 | Chamath Palihapitiya was listed as one of the 'Founders' of the lobbying group FWD.us, which aims to advocate for immigration reform, improve education, and promote technological innovation in the United States. |
2011 | Following his departure from Facebook, Palihapitiya founded The Social+Capital Partnership. |
2011 | Palihapitiya left his position at Facebook after serving for four years. |
2011 | Chamath Palihapitiya donated $7,500 to U.S. Senate candidate Ted Cruz. |
2011 | Palihapitiya finished 101st out of 6,865 entries in the World Series of Poker's Main Event. |
2011 | Before leaving Facebook, Palihapitiya led the Facebook Phone and Facebook Home projects, contributing to the platform's growth to 1 billion users. |
2010 | Chamath Palihapitiya helped to buy the Golden State Warriors for $450 million, becoming a minority stakeholder and board member of the team. |
This contents of the box above is based on material from the Wikipedia article Chamath Palihapitiya, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.