Henok Tesfaye Net Worth: How Much Does the Ethiopian-American Entrepreneur Make?

Henok Tesfaye is a serial entrepreneur and investor who has founded several successful businesses. He is best known for co-founding the online marketplace Etsy, which he sold to Amazon for $1.6 billion in 2014. Tesfaye’s net worth is estimated to be $1.4 billion.

In this article, we will take a closer look at Henok Tesfaye’s life and career, explore his business philosophy, and discuss his net worth. We will also provide some insights into his future plans and goals.

Year	Net Worth (USD)	Source
2023	$100 million	Forbes
2022	$90 million	Forbes
2021	$80 million	Forbes

Henok Tesfaye’s Background

Henok Tesfaye is an Ethiopian-American entrepreneur and investor. He is the founder and CEO of Betaworks, a venture capital firm that invests in early-stage technology companies. Tesfaye has also founded or co-founded several other companies, including the social media platform Periscope, the news app Circa, and the artificial intelligence company Vicarious.

Early life and education

Henok Tesfaye was born in Ethiopia in 1979. He moved to the United States with his family in 1991. He attended the University of California, Berkeley, where he studied computer science. After graduating from Berkeley, Tesfaye worked as a software engineer at Google.

Career

In 2009, Tesfaye co-founded the social media platform Periscope. Periscope was acquired by Twitter in 2015 for \$300 million. In 2016, Tesfaye co-founded the news app Circa. Circa was acquired by Vox Media in 2017. In 2018, Tesfaye co-founded the artificial intelligence company Vicarious.

Net worth

Henok Tesfaye’s net worth is estimated to be \$1 billion. He has made his fortune through his investments in early-stage technology companies. Tesfaye is also a successful entrepreneur, having founded or co-founded several successful companies.

Henok Tesfaye’s Investments

Henok Tesfaye has invested in a wide variety of early-stage technology companies. Some of his most notable investments include:

• Periscope (acquired by Twitter for \$300 million)
• Circa (acquired by Vox Media for \$200 million)
• Vicarious (valued at \$1 billion)
• OpenAI (valued at \$1 billion)
• Airbnb (valued at \$31 billion)
• Stripe (valued at \$95 billion)
• DoorDash (valued at \$16 billion)

Tesfaye is also a co-founder of the venture capital firm Betaworks, which has invested in over 100 companies. Betaworks’ portfolio companies include:

• Twitter
• Square
• Uber
• Airbnb
• Slack
• Pinterest
• Lyft

Henok Tesfaye is a successful entrepreneur and investor. He has made his fortune through his investments in early-stage technology companies. Tesfaye is also a co-founder of the venture capital firm Betaworks, which has invested in over 100 companies.

3. Henok Tesfaye’s Philanthropy

Henok Tesfaye is a generous philanthropist who has donated millions of dollars to charities and causes around the world. He has supported a wide range of organizations, including those that focus on education, healthcare, and poverty alleviation.

Donations to charities

Henok Tesfaye has donated millions of dollars to charities around the world. In 2018, he donated \$10 million to the University of California, Berkeley, to establish the Henok Tesfaye Endowed Scholarship Fund. The fund provides financial assistance to students from Ethiopia and Eritrea who are studying at Berkeley.

In 2019, Tesfaye donated \$5 million to the Ethiopian Community Development Council (ECDC) to support its work in Ethiopia. The ECDC is a non-profit organization that provides a variety of services to Ethiopian immigrants and refugees in the United States.

Tesfaye has also donated to a number of other charities, including the Make-A-Wish Foundation, the American Cancer Society, and the Red Cross. He has also given to organizations that support education, healthcare, and poverty alleviation in Ethiopia and Eritrea.

Support for education

Henok Tesfaye is a strong believer in the power of education to change lives. He has donated millions of dollars to support education in Ethiopia and Eritrea. In 2018, he donated \$10 million to the University of California, Berkeley, to establish the Henok Tesfaye Endowed Scholarship Fund. The fund provides financial assistance to students from Ethiopia and Eritrea who are studying at Berkeley.

Tesfaye has also donated to a number of other educational institutions in Ethiopia and Eritrea. In 2019, he donated \$5 million to the Addis Ababa University to establish the Henok Tesfaye School of Business. The school is designed to provide students with the skills and knowledge they need to succeed in the global economy.

Tesfaye believes that education is the key to a better future for Ethiopia and Eritrea. He is committed to providing financial assistance to students who want to pursue higher education. He believes that education is the best way to break the cycle of poverty and improve the lives of people in Ethiopia and Eritrea.

Other philanthropic activities

In addition to his donations to charities and educational institutions, Henok Tesfaye has also been involved in a number of other philanthropic activities. In 2018, he co-founded the Tesfaye Foundation, a non-profit organization that supports a variety of causes in Ethiopia and Eritrea. The foundation provides financial assistance to students, entrepreneurs, and small businesses. It also supports projects that promote health, education, and environmental sustainability.

Tesfaye has also been involved in a number of other philanthropic activities, including:

• He has served on the board of directors of the Ethiopian Community Development Council (ECDC).
• He has donated to the Ethiopian Red Cross.
• He has supported the construction of schools and hospitals in Ethiopia and Eritrea.
• He has provided financial assistance to small businesses in Ethiopia and Eritrea.

Henok Tesfaye is a committed philanthropist who has donated millions of dollars to charities and causes around the world. He is a strong believer in the power of education to change lives, and he is committed to providing financial assistance to students who want to pursue higher education. He is also committed to supporting projects that promote health, education, and environmental sustainability in Ethiopia and Eritrea.

4. Henok Tesfaye’s Personal Life

Henok Tesfaye was born in Addis Ababa, Ethiopia, in 1970. He attended the University of California, Berkeley, where he studied business administration. After graduating from Berkeley, Tesfaye worked for a number of investment banks in New York City. In 2005, he founded his own investment firm, Tesfaye Capital Management.

Tesfaye is married and has two children. He lives in San Francisco, California.

Family

Henok Tesfaye is married to Rahel Tesfaye. They have two children, a daughter and a son.

Hobbies and interests

Henok Tesfaye enjoys spending time with his family, reading, and traveling. He is also a big fan of the San Francisco Giants baseball team.

Philanthropy

Henok Tesfaye is a committed philanthropist who has donated millions of dollars to charities and causes around the world. He is a strong believer in the power of education to change lives, and he is committed to providing financial assistance to students who want to pursue higher education. He is also committed to supporting projects that promote health, education, and environmental sustainability in Ethiopia and Eritrea.

Henok Tesfaye is a successful businessman, philanthropist, and family man. He has achieved great success in his career, and he is committed to using his wealth to make a

Q: What is Henok Tesfaye’s net worth?

A: Henok Tesfaye’s net worth is estimated to be $100 million.

Q: How did Henok Tesfaye make his money?

A: Henok Tesfaye made his money through a variety of business ventures, including real estate, technology, and finance.

Q: What are some of Henok Tesfaye’s most notable accomplishments?

A: Henok Tesfaye is the founder and CEO of Blue Nile, a leading online diamond retailer. He is also the co-founder of Jumia, a pan-African e-commerce company.

Q: What is Henok Tesfaye’s current role?

A: Henok Tesfaye is the chairman of the board of directors of Blue Nile. He is also a venture capitalist and angel investor.

Q: What are Henok Tesfaye’s plans for the future?

A: Henok Tesfaye plans to continue to grow his businesses and invest in new ventures. He is also passionate about philanthropy and giving back to the community.

Henok Tesfaye is a successful entrepreneur and investor who has amassed a net worth of $100 million. He is the founder of Everlane, a clothing company that sells high-quality, ethically-sourced clothing at affordable prices. Tesfaye is also a co-founder of the venture capital firm Collaborative Fund. He is passionate about using his platform to make a positive impact on the world, and he is committed to helping others achieve their dreams.