$3 billion
up 3.4%
A perennial entrepreneur, Parker serves as chairman of Stability AI, a startup that uses artificial intelligence to generate video, images and audio. Parker made his fortune at age 24, when he was president at Facebook, giving him a chunk of the social media giant. Before Facebook, he started Napster, an audio file-sharing company, and Friendster, an early social media site. He was later an early investor in Spotify. Parker, 45, owns the nine-bedroom Brody House in Holmby Hills, which he bought in 2015 from comedian Ellen DeGeneres for $55 million. That same year he established the Parker Foundation with $600 million to focus on life science, art, civic engagement and public health. Projects include the Parker Center for Allergy Research at Stanford University and the ​​Parker Institute for Cancer Immunotherapy in San Francisco. Education: Instead of attending college, Parker became a tech entrepreneur at age 19. Politics: Since 2019, Parker has served on the board of the Obama Foundation, the former president’s organization for civic engagement and leadership development. He’s also founder and executive chairman of the Economic Innovation Group in Washington, D.C. The public policy organization works to create a “more dynamic and inclusive” U.S. economy. Philanthropy: Parker is a founding donor of the California Institute for Immunology and Immunotherapy, which will be based at the UCLA Research Park built on the site of the former Westside Pavilion shopping center and set to open in 2027. His also gave $375 million to launch the Parker Institute for Cancer Immunotherapy in 2016.
