Youngest Billionaire – Dustin Muskovitz

Youngest Billionaire – Dustin Muskovitz

Youngest Billionaire – Dustin Muskovitz

Youngest Billionaire - Dustin Muskovitz

“Money is not everything but we need money for everything”. The initial requirement to sustain a better life is money.There are many young peoples who started following  their dreams at base level and finally after a period of hardwork they are making money according to their wish. In this blog we have collaborated the data of a  Youngest Billionaire – Dustin Muskovitz. Who is the co-founder of facebook, after some time he left facebook and took a new startup to built his own company – ASANA

Background and education

 

Youngest Billionaire - Dustin Muskovitz

Dustin Moskovitz was born in Gainesville, Florida and grew up in Ocala, Florida. Dustin is eight days younger than Mark Zuckerberg. Moskovitz is Jewish whose father was a psychiatrist and mother a teacher and an artist. He studied at Vanguard High School, graduating from the IB Diploma Program. Moskovitz attended Harvard University as an economics major for two years before he moved with Mark Zuckerberg to Palo Alto. He went to work full-time on Facebook.

 

Facebook

Four people, who were roommates — Mark Zuckerberg, Eduardo Saverin, Chris Hughes, and Dustin Moskovitz — founded the social networking site Facebook in their Harvard University room in February 2004. Originally called thefacebook.com, it was intended as an exclusive online directory of all Harvard’s students to help residential students to identify members of other residences.

The 4 room mates
The 4 room mates

In June 2004, Zuckerberg, Hughes and Moskovitz took a year off from Harvard University and moved Facebook’s base of operations to Palo Alto, California, and they hired a team of eight employees. They were later joined by Sean Parker.

Youngest Billionaire - Dustin Muskovitz

Moskovitz was the company’s first chief technology officer and then vice president of engineering. He led the technical staff and oversaw the major architecture of the site, as well as being responsible for the company’s mobile strategy and development.

 

After Facebook

On October 3, 2008, Dustin announced officially that he was leaving Facebook to form a new company called Asana with Justin Rosenstein, who was  an engineering manager at Facebook. Moskovitz was also the biggest investor in the mobile photo-sharing site Path, run by another former member of Facebook, David Morin. Dustin revealed that he rejected a $100 million offer for the company from Google, made in February 2011.

Dustin and Justin
Dustin and Justin

Personal life

Dustin Moskovitz is married to a Wall Street journal reporter  named Cari Tuna.

Dustin and his wife cari
Dustin and his wife cari

Net Worth Of Dustin

Moskovitz does not lead the life of an ostentatious billionaire. Not much information is available about the cars that he owns or drives, or about his wonderful home. It is however known that Dustin is a charitable man and he is involved in several philanthropic causes.

He has a strong belief that -“money should be put to good use and that there is no better way to spend money than using it to help others”.

American entrepreneur and co-founder of the social networking website Facebook, Dustin Moskovitz, has a net worth of $10.5 billion as of March 2016, according to Bloomberg. He is the world’s youngest billionaire

Dustin  had 6 percent stockholding in the internet company and was thus a part owner. After raising capital, Facebook was valued in 2008 to about $50 billion. This meant that, Dustin was a billionaire with a wealth of nearly $12 billion.

As per Forbes, Moskovitz was one of the youngest self-made billionaires in the world in 2011 with an estimated wealth of about $5.1 billion. This wealth was calculated on the basis of his Facebook stockholding of 2.34 percent.

Dustin Muskovitz – Founder of Asana

Asana is a web and mobile application designed to help teams track their work. It was founded in 2008 by Facebook co-founder Dustin Moskovitz and ex-engineer Justin Rosenstein, who both worked on improving the productivity of employees at Facebook.

 

They launched a new Internet company called Asana with Justin Rosenstein. Sean Parker put in $1.2 million into this new venture. Later in 2009, an investment deal of about $9 million was closed by them for the company. The company however has not achieved the same levels of fame and fortune as Facebook.

 

After launching his new company Asana, Moskovitz provided $10,000 to all his engineers. It was to be spent on upgrading and improving the equipment and machines at their desks. He also gave away a part of the riches that he made through Facebook to varied charities.

Dustin is also reported to have signed ‘The Giving Pledge’ movement started by Warren Buffet, where he pledged to donate a majority of his wealth to charity.

 

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