David Bohnett's Net Worth: A Journey of Entrepreneurship and Philanthropy
David Bohnett is an American entrepreneur whose net worth is estimated at $400 million. Born in Chicago, Illinois, in April 1956, Bohnett is a visionary in the tech industry, known for founding GeoCities in 1994. This pioneering social networking site went public in 1998 and was acquired by Yahoo! for $3.57 billion in 1999, netting Bohnett approximately $300 million.
Early Life and Education
David Bohnett pursued his higher education at the University of Southern California, where he earned his undergraduate degree. Furthering his education, he received an MBA from the prestigious Ross School of Business.
GeoCities: Revolutionizing Social Networking
In 1994, Bohnett co-founded GeoCities, a website that allowed users to create their own web pages, which paved the way for future social media platforms. GeoCities became one of the most visited websites of its time and was sold to Yahoo! in 1999 for $3.57 billion.
Philanthropy and Investments
Apart from his entrepreneurial successes, Bohnett is the founder and chairman of the David Bohnett Foundation, a non-profit organization committed to social activism and community development. He also invests in technology startups through his venture capital firm, Baroda Ventures.
Awards and Recognitions
David Bohnett has been the recipient of numerous accolades, including:
- ACLU Citizen Advocate Award
- Los Angeles City of Angels Award
- GLSEN's Lifetime Achievement Award
- Ernst & Young Entrepreneur of the Year Award for Southern California
- Los Angeles Business Journal's LA 500: The Most Influential People in Los Angeles
