Net Worth: $4.5 B

LAST YEAR: $5.6 B
CHANGE: -20%
AGE: 57
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Investments, e-commerce, entertainment

THE MONEY: Skoll’s Capricorn Investment Group hedge fund saw a nearly 6% drop in value over the past 12 months, shrinking his net worth by more than $140 million. In past years he used the hedge fund as a bank to help fund and manage his other ventures, including his Skoll Foundation. Skoll also saw sharp drops in the value of some of his other public company holdings, including PayPal and eBay. His socially conscious film studio, Participant Media, did not fare well financially, as few, if any, films made money in the pandemic era of shrunken box office revenue.

THE BUZZ: koll, who was born in Montreal, was the first president of eBay and was rewarded handsomely with a huge number of eBay shares. He used that early success as a jumping-off point into other ventures, including the launch of hedge fund Capricorn, as well as philanthropic efforts through his Skoll Foundation. In 2020, Skoll set aside $200 million through the foundation to combat Covid-19, bringing his total philanthropic contributions to well over $1 billion. His other businesses, including Participant Media, also mix in an element of social consciousness.