How rich is Nathan Myhrvold?
Nathan Myhrvold Net Worth:
|Birth date:||August 3, 1959|
|Birth place:||Seattle, Washington, United States|
|Education:||University of California, Los Angeles, Princeton University, Santa Monica College, The Mirman School|
|Nationality:||United States of America|
|Awards:||James Beard Award for Cookbook of the Year, James Beard Award for Cooking from a Professional Point of View|
|Nominations:||James Beard Award for General Cooking|
Nathan Myhrvold biography:
Nathan Myhrvold: No Longer a Mystery
Formerly Chief Technology Officer at Microsoft, Nathan Myhrvold comes with an estimated net worth of $650 million. He could be the co-founder of Intellectual Ventures, a patent portfolio holding company. Usually with co-inventors, he holds 17 US patents assigned to Microsoft and has applied for at least 500 patents. Inventors also hold 115 US patents assigned largely to The Invention Science Fund I, LLC.
At age 14, he already began college and studied mathematics, geophysics, and space physics for his BS and MS at University of California, Los Angeles. He was granted a Hertz Foundation Fellowship for graduate study and went to Princeton University where he earned a master’s degree in mathematical economics and completed a PhD in theoretical and mathematical physics. He also attended Santa Monica College. He held a postdoctoral fellowship for one year in the University of Cambridge while working under Stephen Hawking along with a number of other pupils.
Nathan Myhrvold left Cambridge and co-founded a computer startup in Oakland, California. Dynamical Systems Research Inc. sought to create Mondrian, a clone of IBM’s TopView multitasking environment for DOS. In 1986, it had been purchased by Microsoft for $1.5 million. For 13 years, he’s worked for Microsoft and founded the Microsoft Research in 1991.
Nathan Paul Myhrvold (born August 3, 1959), formerly Chief Technology Officer at Microsoft, is co-founder of Intellectual Ventures—one of the greatest patent holding companies in the world, as well as the primary writer of “Modernist Cuisine”. Myhrvold was listed as co-inventor on 17 patents at Microsoft and has since co sponsored applications for over 500 other patents for which his corporation is funding the patent monetization attempt.
Myhrvold was born in Seattle, Washington. He attended Mirman School, and began college at age 14. For one year, he held a postdoctoral fellowship in the University of Cambridge working under Stephen Hawking (along using several other pupils). The company, Dynamical Systems Research Inc., sought to produce Mondrian, a clone of IBM’s TopView multitasking environment for DOS. Microsoft purchased DSR in 1986 for $1.5M. Myhrvold worked at Microsoft for 13 years. At Microsoft he founded Microsoft Research in 1991. After Microsoft, in 2000 Myhrvold co-founded Intellectual Ventures, a patent portfolio programmer and broker in the areas of technology and energy, which has got over 30,000 patents. Myhrvold allegedly possesses about 40% of Intellectual Ventures Management Company, generating $20M-$40M annually in “management fees” for Myhrvold. Intellectual Ventures manipulate the marketplace for inventions and patents, purchasing patents from inventors under the premise the patents will be more precious as time goes by. IV also files patents throughout the work of a team of on site inventors and tens of thousands of other inventors in their network who react to IV-created “Requests for Invention”, although nothing from these labs has reached commercial use. It also buys patents from companies and inventors. In certain, limited, circumstances, IV reduces these creations to practice. Nonetheless, typically, IV’s “creations” are limited to the descriptions cited in their own patent applications. IV then licenses the patents in patent portfolios (bundles). IV purports to be helping in the introduction of a market for patent-backed securities. The business practices of Intellectual Ventures have caused controversy and also the company has been broadly criticized for being a patent troll.[Myhrvold has publicly defended his firm’s practices, arguing that they foster innovation by functioning as a market for intellectual property. He noted in 2012 that many of the largest businesses in Silicon Valley, including Microsoft, Apple, and Facebook, have also bought large patent portfolios to ‘further their tactical game’.