Suhail Rizvi’s Net Worth: Suhail Rizvi is an American Indian businessman and entrepreneur with a net worth of $ 700 million. He is best known for his large participation in Twitter and for owning Playboy, among many investments. At the time of Twitter’s IPO, Suhail was supposed to be a billionaire.
Suhail Rizvi was born in India in 1965. He is a graduate of the Wharton School at the University of Pennsylvania. He is a venture capitalist who is the chief investment officer of Rizvi Traverse Management LLC. Rizvi sits on the board of the Wharton Undergraduate Executive Board. His investments have included Twitter, Square, Facebook and Flipboard. He also invested in entertainment and telecommunications. His company acquired a stake in Summit Entertainment in 2007 and this company was acquired by Lions Gate for $ 412.5 million in 2012. Suhail Rizvi’s company acquired a majority stake in International Creative Management in 2005. En 2015, his company acquired RealD 3D cinema technology for $ 551. million.
Playboy: In 2011 Hugh Hefner and an investment company called Icon Acquisition Holdings made Playboy Enterprises a private company after many years a public company. Rizvi Traverse quickly bought Icon. At the time of Hefner’s death, Rizvi owned 65% of Playboy Enterprises Inc. Hefner owned 35% of Playboy Enterprises and 100% of the physical magazine. Playboy Enterprises owned the Playboy Mansion, which was sold in 2016 for $ 100 million to Twinkie’s billionaire heir, Daren Metropoulos.