Billionaire Facebook Co-Founder Shuns Luxury

Dustin Moskovitz has a new startup
By Newser Editors and Wire Services
Posted Apr 30, 2012 1:18 PM CDT
Billionaire Facebook Co-Founder Shuns Luxury
In this photo taken Thursday April 26, 2012, Dustin Moskovitz co-founder of the collaborative software companay Asana, poses outside of his office in San Francisco.   (Eric Risberg)

Facebook co-founder and former Mark Zuckerberg roommate Dustin Moskovitz is by many accounts the world's youngest self-made billionaire. But the 27-year-old isn't sipping champagne in the Caribbean. Instead he's thrown himself back into San Francisco's startup mix, even as Facebook's looming IPO seems likely to send his wealth spiraling even higher. Moskovitz and his friend Justin Rosenstein, a former Facebooker himself worth $150 million, head a company called Asana, which just launched the first paid version of its online project management service.

During a recent interview at their inconspicuous Mission District offices, the pair said they come to work every day because, their fortunes already made, they still have to do something with their lives. "When we think of work, we think of work as an act of service, as an act of love for humanity," said Rosenstein, 28. Added Moskovitz: "If we were just retired, we wouldn't be serving anyone." And like Zuckerberg himself they seem uninterested in the flash and status-hoarding that great wealth makes possible, sitting among the other Asana employees and tending to dress down in untucked shirts and Chuck Taylor sneakers. What sets them apart, they acknowledge, is their absolute freedom to pursue their particular vision of how to change the world. Click for the full interview and more on Asana, where new hires get $10,000 to set up their desks. (Read more Dustin Moskovitz stories.)

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