David Filo Net Worth
David Filo’s Business Income
Through his investment portfolio, David Filo earns over $300 milion in annual income through the sale of Stocks and dividend receipts. David Filo deploys multiple strategies to compound his wealth through successful investments. David Filo deploys capital to each of these strategies in proportions that he sees fit.
David Filo House
David Filo has bought a 9,500 square foot luxury house for a price of over $34 Million. David Filo has then renovated this house by hiring an architectural design firm and spending an additional $5 Million on this luxury home. David Filo has imported Swedish-oak flooring for this property. David Filo’s house also comes with a library room and a fire place in the corner. According to the taste of David Filo, the house was designed with minimalistic interiors and furniture, with the principal bedroom featuring walls of glass that open directly to the backyard.
David Filo Assets Investments
David Filo assets include 10 real estate properties, 8 Cars, 4 Luxury Yachts. David Filo Assets Portfolio also includes Cash Reserves of over $300 Million. David Filo also owns an investment portfolio of 10 stocks that are valued at $3 billion. A few of the stocks owned by David Filo are listed below.
Hewlett PackardVisaPayPalCognizantSalesforce
David Filo Net Worth, Loans and Liabilities
In order to peruse his college education, David Filo has taken student education loan of $30,000. However, after gaining wealth through Yahoo, he has repaid this education loan in its entirety. However, David Filo has last year taken a huge loan of $300 billion for both his business expansion needs and also to purchase a house property. This loan is currently outstanding with Bank of America and is considered while computing the net worth of David Filo.
David Filo & Yahoo
Filo earned a B.S. degree in computer engineering at Tulane University (through the Dean’s Honor Scholarship) and an M.S. degree in 1990 at Stanford University. In February 1994, he co-created with Jerry Yang an Internet website called “Jerry and David’s Guide to the World Wide Web”, consisting of a directory of other websites. It was renamed “Yahoo!” (an exclamation). Yahoo! became very popular, and Filo and Yang realized the business potential and co-founded Yahoo! Inc. Yahoo! started off as a web portal with a web directory providing an extensive range of products and services for various online activities. Yahoo was one of the pioneers of the early Internet era in the 1990s. It is still one of the leading internet brands and, due to partnerships with telecommunications firms, is one of the most visited websites on the internet.
Key Facts about David Filo
David Filo is cofounder of early web portal Yahoo, which sold its core business to Verizon for $5 billion in cash in 2016.Filo started the company in 1995 with Jerry Yang, a classmate at his Stanford Ph.D. program. The duo dropped out to run Yahoo.In 2004, Filo donated $30 million to his alma mater, Tulane University, for engineering and computer science scholarships.Filo and his wife Angela established the Yellow Chair Foundation in 2000; it supports education, civil liberties, gender equality and the environment.The most valuable part of Yahoo – its stakes in Alibaba and Yahoo Japan – morphed into a company called Altaba. Altaba voted to liquidate in 2019.
