Dustin Moskovitz Net Worth: Facebook Co-Founder Pledged To Donate Half Of His Wealth

Dustin Moskovitz will be forever linked to Facebook as one of its co-founders. He is also a multibillionaire, thanks largely to his 2 percent stake in Facebook.

Moskovitz has an estimated net worth of $16 billion. Although he left Facebook, he remains on good terms with CEO Mark Zuckerberg. The two were roommates in their Harvard dorm in 2004, where they designed the social media platform. After Facebook, Moskovitz founded Asana, a software similar to Facebook but focuses more on workflow. Unfortunately, Asana did not reach the success level of Facebook. But this did not stop the American internet entrepreneur to spread positivity and do good deeds.

According to Celebrity Net Worth, the former economics student owns around 95 million class A and class B shares combined in Facebook. He once beat Zuckerberg as the youngest billionaire in the past. With Asana, he co-founded the app with Justin Rosenstein. They both worked for Facebook before, with the latter being credited for the “Like” button.

In 2018, Asana was valued at $1.5 billion and it reportedly reached $100 million in revenue in 2019. The company plans to go public with a direct listing, the same route used by Spotify and Slack when they both went public. With direct listing, Asana can go for lower bank fees and put shares publicly without fundraising.

On the personal side, Moskovitz and wife Cari Tuna signed the “Giving Pledge” initiative of Bill and Melissa Gates. Under the pledge, the two plan to give away half of their wealth. Other than the “Giving Pledge,” Moskovitz also supports the Good Ventures Foundation, which he founded in 2011. On its website, Good Ventures claims that it is connected to Open Philantrophy and Give Well, two organizations that give grants to deserving groups. Among the main mission of Good Ventures is to eradicate malaria and promote marriage equality.

A report from Business Insider claims that Moskovitz served as Facebook’s first chief technology officer. He had to drop out of Harvard to help launch Facebook but in the end, it worked out well for Zuckerberg’s former roommate. Moskovitz is credited for expanding the social media platform’s reach to other schools in its inception.

The 36-year-old ranked on the 37th spot on Forbes 400 2020 list and also placed on the 146th spot on the Billionaires 2020 list. Zuckerberg, Moskovitz, Eduardo Saverin, Andrew McCollum and Chris Hughes founded Facebook initially for Harvard students in 2004.