World's Billionaire Venture Capitalists 2024

Seven global billionaires featured on Forbes' 2024 Midas List. Here's a glimpse at the moguls. All but one are American citizens. Net worths are as of November 22, 2024.

- Amal Abdelwahab

1. Neil Shen

Company: HongShan

Residence: Hong Kong SAR

Citizenship: China

Net worth: $3.7 billion Shen is the founding and managing partner of HongShan, a venture capital firm that has backed over 1,500 companies and helped over 140 private portfolio companies become unicorns. Formerly Sequoia China, HongShan is opening a London office to expand its European investments, focusing on latestage and private equity deals.

In 2024, he made it to the Forbes Midas List for the 13th time, ranking third. Notable investments of the 56-year-old entrepreneur include TikTok parent ByteDance, which is the world's most valuable unicorn, self-valued at $300 billion, according to recent reports, and SHEIN, which is valued at $66 billion according to CB Insights. Recently, HongShan joined a $7.8 million funding round for RD Technologies and co-led a $22 million seed funding round for Al-driven robotics company Swiss-Mile.

2. Reid Hoffman

Company: Greylock

Residence: Palo Alto, California

Citizenship: U.S.