Bloomberg Billionaires Index

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#369 Jeff Skoll $5.09B

Random fact: Desmond Tutu was a guest at annual Skoll World Forum in 2015.

Overview

Skoll is the founder and chairman of Participant Media, a movie and television production company based in Beverly Hills. Prior to that, he was the first full-time employee of EBay, the online marketplace. His money is managed through Capricorn Investment Group and his philanthropic endeavors through the Jeff Skoll Group.

As of Oct. 17, 2017:
Last change +$2.05M (+0.0%)
YTD change +$545M (+12.0%)
Industry Technology
Biggest asset Cash
Citizenship Canada
Age 52
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jeff Skoll's net worth of $5.09B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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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:

Skoll's fortune is derived from the stake he once held in EBay. According to a February 2007 filing with the U.S. Securities and Exchange Commission -- the last time he disclosed his ownership with the regulatory body -- Skoll owned about 67.3 million shares of the online marketplace operator. 

Prior to that, Skoll had been a steady seller of EBay stock. His holdings reached their peak of about 91 million shares following a two-for-one stock split in February 2005. By the end of 2006, he had divested about a quarter of that position. Between the time of EBay's initial public offering in 1998 and his last SEC disclosure in 2007, Skoll sold almost $2 billion in stock and donated shares worth about $500 million. On average, the former EBay executive sold about 5.6 million shares a year. This net worth calculation applies a similar sell rate, the result of which leaves Skoll with about 1 percent of EBay at the end 2016. He's credited with the same number of shares in PayPal following its July 2015 spinoff from EBay.

He also owns 9 percent of publicly traded TrueCar, according to its 2017 proxy.

The bulk of Skoll's personal holdings are managed through Capricorn Investment Group, a closely held company that doesn't disclose its financial results. The value of his cash and other assets holdings is based on an analysis of his reported sales, taxes, charitable giving and market appreciation.

Skoll's other commercial endeavor, Participant Media, invests in and produces movies and television programming. Determining a value for this operation is difficult, given the opacity of the financing arrangements -- most Participant projects involve several partners -- and the general disadvantage that boutique production houses have operating in Hollywood. Participant is given no value in this calculation as a result.

Biography

Birthdate: 1/16/1965
Family: Unmarried, No children
Education: 1995, Stanford Graduate School of Business, MBA 1987, Electrical Engineering, University of Toronto, Bachelor's Degree

Jeffrey Skoll was born to a middle class family in Canada in 1965. He was an avid reader as a child, consuming books by writers such as Ayn Rand and James Michener. After graduating from the University of Toronto with a degree in electrical engineering, he received his MBA from Stanford Business School.

While in California, he met Pierre Omidyar, the founder of EBay. Skoll would go on to become the both the company's first employee and, later, its first president. He became a U.S. citizen in 2007, according to a 2012 interview with Stanford magazine.

Skoll became a billionaire soon after EBay sold shares in a 1998 initial public offering; he stepped down as president and was replaced by Meg Whitman in the same year. Since then, Skoll has focused on philanthropy and filmmaking, passions that stemmed from his childhood interest in books, philosophy and storytelling.

He founded Participant Media in 2004 to create content for social change. The company helped make films such as "An Inconvenient Truth," "Fast Food Nation" and "Charlie Wilson's War."

The billionaire intends to donate the majority of his wealth to charity, having joined the Giving Pledge in 2010. His foundation grants a million dollars each year to social entrepreneurs trying to tackle inequality.

Milestones
  • 1965 Jeffrey S. Skoll is born in Montreal.
  • 1993 Enrolls at Stanford University; graduates with an MBA two years later.
  • 1996 Meets EBay founder Pierre Omidyar. Becomes first full-time employee.
  • 1998 Ebay sells shares in an initial public offering in September.
  • 1998 Becomes a billionaire in November when EBay shares crest $100.
  • 1999 Creates the Skoll Foundation to support social entrepreneurialism.
  • 2004 Founds Participant Media.
  • 2012 With Steven Spielberg, produces best-picture nominee "Lincoln."