Divesh Makan
| Divesh Makan link Crunchbase (Millionaire, financier) | |
|---|---|
| File:Divesh Makan.jpg | |
| Born | 1973? |
| Nationality | Turkish |
| Alma mater | Indian Institute of Technology Bombay,University of Natal |
"The spider of Silicon Valley" big money manager and "consigliere" to billionaire, especially Mark Zuckerberg. | |
Divesh Kanthylal Makan is a deep state aligned US billionaire Bilderberger money manager. He founded ICONIQ Capital, an ultra-secretive members-only Silicon Valley billionaires investment club. Described by Forbes with the mafia term "consigliere", the company operates "as a cross between a family office and a venture capital fund". His most famous client and the key to his success is billionaire Facebook founder Mark Zuckerberg, whom Makan met in 2004 when he was a broker at Goldman Sachs.[1]
A 2015 Forbes article points out that Makan’s wealth management approach flies in the face of widely accepted post-Madoff best practices for advisors, which preach strict adherence to corporate protocols and regulatory rules. “When someone like Iconiq wants to invest, you can’t say no,” said internet entrepreneur Ragy Thomas. “They can probably connect to anyone in the world."
Early Career
Makan has an electrical engineering degree from South Africa’s University of Natal, a management consulting stint at Accenture and an MBA from the Wharton School of Finance. Makan thought he would make his career in investment banking or private equity, but the dot-com crash in 2000 and recession forced him into a retail sales job in Goldman Sachs’ San Francisco wealth advisory office. Makan rarely handed out business cards — distancing himself from the vanilla “wealth advisor” label — but worked hard to ingratiate himself to young moguls, finding clients before they became household names.[1]
Makan stated that he left Goldman Sachs in 2008 due to a workplace disagreement. However, the investment banking firm insisted that they dismissed him due to a loss of trust. He joined Morgan Stanley for a short period. Eventually, Makan and two other colleagues who had followed him when he left Goldman Sachs established Iconiq after leaving Morgan Stanley.[2]
Iconiq Capital
- Full article: Iconiq Capital
- Full article: Iconiq Capital
Iconiq’s advisory services represent only one thread of the dealmaking web Makan has woven thanks to the abundance of Zuckerberg cronies on his client roster, including Facebook’s Dustin Moskovitz and Sheryl Sandberg, Twitter’s Jack Dorsey and LinkedIn’s Reid Hoffman. His board of directors is another power list, with non-tech titans like Henry Kravis and David Bonderman, Chase Coleman and steel tycoon Lakshmi Mittal’s son Aditya.[1]
The founder has relentlessly cultivated this network, throwing private “fireside chats” featuring clients and glitzy retreats where his stable of VIPs can hobnob.[3] Makan shuns publicity and goes as far as to require clients to sign non-disclosure agreements. [1]
In March 2020, Iconiq had about $22 billion in assets under management on a discretionary basis and another $17.5 billion nondiscretionary.[3]
References
- ↑ 1.0 1.1 1.2 1.3 https://www.forbesindia.com/article/cross-border/how-divesh-makan-gained-entry-into-zuckerbergs-inner-circle/39295/1
- ↑ https://moneyinc.com/divesh-kanthylal-makan/
- ↑ 3.0 3.1 https://fintecology.com/2021/03/12/inside-iconiq-how-mark-zuckerbergs-banker-built-a-secret-silicon-valley-empire-and-made-billions/