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Chamath Palihapitiya net worth and biography

Chamath Palihapitiya Biography and Net Worth

Major Shareholder of Clover Health Investments

Palihapitiya was born on 3 September 1976 in Sri Lanka to Sri Lankan parents.[5] Palihapitiya moved with his family to Canada at age five; his father Gamage had been posted to the High Commission of Sri Lanka, Ottawa. Five years later, in 1986, the posting came to an end – rather than returning home the family applied for refugee status, on the basis that Gamage had been criticized for his views on the violence during the Sri Lankan Civil War.[5]

Palihapitiya's father was frequently unemployed, and his mother did low-paying housekeeping jobs.[6] Palihapitiya worked at a Burger King to make ends meet.[7][8] He attended Lisgar Collegiate Institute and graduated at the age of 17.[9][10]

After graduating from the University of Waterloo in 1999 with a degree in electrical engineering, Palihapitiya worked for a year as a derivatives trader at the investment bank BMO Nesbitt Burns. He then accepted a job offer at Winamp and moved to California.[11]

What is Chamath Palihapitiya's net worth?: The estimated net worth of Chamath Palihapitiya is at least $16.38 million as of November 17th, 2023. Mr. Palihapitiya owns 5,183,367 shares of Clover Health Investments stock worth more than $16,379,440 as of November 13th. This net worth approximation does not reflect any other assets that Mr. Palihapitiya may own. Learn More about Chamath Palihapitiya's net worth.
How do I contact Chamath Palihapitiya?: The corporate mailing address for Mr. Palihapitiya and other Clover Health Investments executives is 317 University Ave Suite 200, Palo Alto CA, 94301. Clover Health Investments can also be reached via phone at 201-432-2133 and via email at [email protected]. Learn More on Chamath Palihapitiya's contact information.
Has Chamath Palihapitiya been buying or selling shares of Clover Health Investments?: Chamath Palihapitiya has not been actively trading shares of Clover Health Investments during the last ninety days. Most recently, on Monday, November 22nd, Chamath Palihapitiya bought 1,739,130 shares of Clover Health Investments stock. The stock was acquired at an average cost of $5.75 per share, with a total value of $9,999,997.50. Learn More on Chamath Palihapitiya's trading history.
Who are Clover Health Investments' active insiders?: Clover Health Investments' insider roster includes Chelsea Clinton (Director), Vivek Garipalli (Co-Founder), and Chamath Palihapitiya (Major Shareholder). Learn More on Clover Health Investments' active insiders.
Are insiders buying or selling shares of Clover Health Investments?: During the last year, Clover Health Investments insiders bought shares 2 times. They purchased a total of 154,085 shares worth more than $116,411.60. The most recent insider tranaction occured on May, 16th when Director Anna U Loengard bought 17,085 shares worth more than $16,401.60. Insiders at Clover Health Investments own 22.3% of the company. Learn More about insider trades at Clover Health Investments.
Information on this page was last updated on 5/16/2024.

Chamath Palihapitiya Insider Trading History at Clover Health Investments

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
11/22/2021	Buy	1,739,130	$5.75	$9,999,997.50

Chamath Palihapitiya Buying and Selling Activity at Clover Health Investments

Clover Health Investments Company Overview

Clover Health Investments, Corp. provides medicare advantage plans in the United States. It operates through two segments: Insurance and Non-Insurance. It also offers Clover Assistant, a cloud-based software platform, that enables physicians to detect, identify, and manage chronic diseases earlier; and access to data-driven and personalized insights for the patients they treat. Clover Health Investments, Corp. is based in Franklin, Tennessee.

Today's Range

Now: $3.16

$3.12

$3.34

50 Day Range

MA: $3.50

$2.51

$4.35

2 Week Range

Now: $3.16

$0.61

$4.71

Volume

5,979,363 shs

Average Volume

8,104,398 shs

Market Capitalization

$1.57 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.03