This guy just made $1 billion off Linkedin’s sale to Microsoft

Vanity Fair

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Whether Microsoft’s $26.2 billion bet on LinkedIn will pay off will take months, perhaps years, to determine. But it has already delivered for LinkedIn co-founderReid Hoffman.

Hoffman added nearly $1 billion to his fortune on Monday afternews of the acquisitionbroke, according toBloomberg’s Billionaire Index, as the company’s stock leaped around 50 percent within the morning. Bloomberg puts his net worth at $3.8 billion, up nearly 60 percent since early February.

This may be chump change for aMark Zuckerbergor aJeff Bezos, who this year havebothearnedin one day more than what Hoffman has amassed in his entire life. But nine zeros in a few hours is still nine zeros in a few hours, and increasing one’s net worth by a third in a single day is still something both Zuckerberg and Bezos have yet to do (it would make them both close to being the richest men in the universe).

What will Hoffman buy with his fortune-ier fortune? Perhaps he will finally bring his Silicon Valley spin on the Settlers of Catan,called Startups of Silicon Valley, to the masses. It’s a game in which men can make $1 billion in a day andstillbe dwarfed by competitors. Imagine that!

(VANITY FAIR)