Tech billionaire plans escape route as political landscape shifts after election
Silicon Valley mega-donor weighs overseas move following recent US presidential election results. High-profile figure joins growing list of well-known Americans seeking alternative residence options
In a post-election shake-up Reid Hoffman the co-founder of LinkedIn with a net-worth of $2.6bn is thinking about saying goodbye to America. The tech mogul (whoʼs been a big-time supporter of democratic causes) has shared these thoughts with his inner circle after nov-24 election results
I feared and still fear they were wrong
The 57-year old entrepreneurʼs worries arent just random thoughts; theyʼre linked to his role in backing legal actions against the president-elect. He helped fund E Jean Carrollʼs lawsuit which ended up with a $90m verdict earlier this year: this fact didnt go unnoticed by opposing legal teams
The situation reflects a wider trend among dem-supporting folks. Several high-profile donors are quietly looking into overseas options‚ while some celebs are already making moves. Ellen DeGeneres and her wife decided to trade their sun-soaked Montecito life for Englands Cotswolds — a move thats got people talking about the post-election mood
- Software entrepreneur Steve Silberstein notes people feeling shell-shocked
- Multiple mega-donors discussing relocation plans
- Previous political involvement included $5m veterans group offer
Its worth noting that Hoffman has quite a history with political spending — having directed hundreds of millions towards dem-supported initiatives over recent years. His past actions include offering cash rewards tied to presidential tax return releases
