Jeffrey Skoll

Jeffrey Skoll
Skoll in late 2013
Born	Jeffrey Stuart Skoll (1965-01-16) January 16, 1965 Montreal, Quebec, Canada
Residence	Palo Alto, California, U.S.
Nationality	Canadian
Alma mater	University of Toronto Stanford University
Occupation	President of eBay (1996–1998) Founder and chairman of Participant Media Chairman of the Capricorn Investment Group Founder and chairman of the Skoll Foundation Founder and chairman of the Jeff Skoll Group Founder of Skoll Global Threats Fund Co-Founder of The Rise Fund
Net worth	US$4.5 billion (October 2017)[1]
Spouse(s)	Stephanie Swedlove (m. 2014)

Jeffrey Stuart Skoll, OC (born January 16, 1965)^[2] is a Canadian engineer, internet entrepreneur and film producer. He was the first employee and subsequently first president of eBay, eventually using the wealth this gave him to become a philanthropist, particularly through the Skoll Foundation, and his media company Participant Media. He founded an investment firm, Capricorn Investment Group, soon after and currently serves as its chairman. Born in Montreal, Quebec, he graduated from University of Toronto in 1987 and left Canada to attend Stanford University's business school in 1993.

Shortly after graduating from business school, he began his career at eBay where he wrote the business plan that the company followed from its emergence as a start-up to a larger company. While at the company he began the eBay Foundation which was allocated pre-IPO stock now worth $32 million. Once eBay's second largest stockholder, behind Omidyar, he subsequently cashed out a portion of his company holdings, yielding him around $2 billion.^[3][4] With an estimated net worth of $US 4 billion (as of December 2016), Skoll was ranked by Forbes as the 7th wealthiest Canadian and 134th in the United States.^[5]

Through his film production company, Participant Media–of which he is founder, owner, and chairman–he has produced numerous critically acclaimed films. His first films Syriana (2005), Good Night, and Good Luck (2005), and North Country (2005), along with the documentary Murderball (2005), accounted for 11 Oscar nominations in 2006. His subsequent films have included An Inconvenient Truth (2006), Fast Food Nation (2006), The World According to Sesame Street (2006), Waiting for "Superman" (2010), Lincoln (2012), and his latest, Spotlight (2015) won the Academy Award for Best Picture in 2016.^[6]

Early life

Jeff Skoll was born to a Jewish family in Montreal, Quebec, Canada.^[7][8][9] His mother was a teacher^[3] and his father was a chemical company owner who sold industrial chemicals.^[10] The family settled in Toronto in the late seventies. When Skoll was fourteen, his father was diagnosed with cancer which prompted him to discuss with his son how much he regretted not having had the time to do everything he had planned in life. His first job was pumping gas at a York Mills gas station

He graduated with a BASc with honors in 1987 from the University of Toronto's electrical engineering program. While an undergraduate student, he co-edited the engineering students' satirical newspaper The Toike Oike. He paid his way through college by pumping gas in North York, Ontario. After graduating he backpacked around the world for several months before returning and founding two businesses in Toronto: Skoll Engineering, an information technology consulting firm and Micros on the Move Ltd., a computer rental firm. He left Canada in 1993 to earn a Masters of Business Administration degree at Stanford Business School, graduating in 1995. After Stanford he went to work at Knight-Ridder where he was working on internet projects for the publishing company.^[11]

Skoll's eBay era

In 1996 Skoll met eBay's founder Pierre Omidyar who hired him as the company's first president and first full-time employee. While eBay was already profitable at the time Skoll joined, he wrote the business plan that eBay followed from its emergence as a start-up to a great success. He remained President until the arrival of Meg Whitman in January 1998 when he became vice president, Strategic Planning and Analysis until back problems necessitated his departure from full-time employment at the company. In 1998, he championed the creation of the eBay Foundation which was allocated pre-IPO stock now worth $32 million. Once eBay's second largest stockholder, behind Omidyar, he subsequently cashed out a portion of his company holdings, yielding him around $2 billion.^[3][4]

Participant Media

Philanthropy

Skoll is a noted philanthropist and has been honoured many times for his generosity. He has given the eponymous Skoll Foundation approximately $1 billion of eBay stock since its formation in 1999. The Foundation supports "social entrepreneurship".^[14] Skoll chairs the Foundation and today makes grants in excess of $80 million per year. The Skoll Foundation's assets rank it as the largest foundation for social entrepreneurship in the world. Skoll's largest charitable donation was a $30 million contribution to the Alliance for Climate Protection Campaign.

Skoll's recent honors and awards include The Producers Guild of America Visionary Award (2009), Time Magazine's 100 People of the Year (2006), Wired Magazine's Rave Award (2006), the National Leadership Award for Commonwealth Club Silicon Valley (2004) and the Outstanding Philanthropist Award from the International Association of Fundraising Professionals (2003). In 2003, Skoll was the commencement speaker and was awarded an honorary Doctor of Laws degree from the University of Toronto. Skoll is also a member of the Berggruen Institute's 21st Century Council.^[15]

In addition, Skoll has financed The Gandhi Project in partnership with Relief International which created a dubbed version in Arabic of the film Gandhi. They used Palestinian voice actors and artists to make the film particularly relevant to Palestinians. With Skoll's support, it is being screened throughout Palestine to promote non-violence, self-reliance, economic development, and empowerment.

Personal life

Jeff Skoll married fellow Canadian Stephanie Swedlove in October, 2014. He is an avid Montreal Canadiens fan.

Honours and awards

• Bloomberg Business Week's list of most innovative philanthropists (2002–present)^[2]
• National Leadership Award for Commonwealth Club Silicon Valley (2004)^[2]
• Outstanding Philanthropist Award from the International Association of Fundraising Professionals (2003)^[2]
• Outstanding Philanthropist Award from the Silicon Valley chapter of the Association of Fundraising Professionals (2002)^[2]
• Honorary Doctor of Laws degree from the University of Toronto (2003)^[2]
• Time Magazine's 100 People of the Year (2006)^[2]
• Wired Magazine's Rave Award (2006)^[2]
• He was made an Officer of the Order of Canada "for his generous commitment to social causes and for his innovative practice of philanthropy."^[16] (2011)^[2]

Filmography

See also

• List of billionaires
• List of Canadians
• List of University of Toronto people
• List of Stanford University people

References

External links

• Jeffrey Skoll on IMDb
• Skoll Foundation
• Skoll Centre, Oxford University
• Participant Productions
• Jeffrey Skoll on IMDb
• My journey into movies that matter, talk at TED March 2007
• Wood, Gaby, The Observer – Hollywood's new politics, January 8, 2006
• Forbes – "The World's Richest People" February 13, 2006
• Forbes.com: Forbes World's Richest People 2004
• Jeff Skoll and Philanthropy, transformationalleadershiphq.com