Yes, Palihapitiya is a self-made billionaire. His parents reportedly held low-paying jobs, and he worked in a fast-food restaurant as a teenager to help make ends meet.After graduating college, Palihapitiya fast-tracked up the corporate ladder at AOL and Facebook while, on the side, making key investments in Playdom and Bumptop to expand his personal balance sheet. By 2011, he was rich enough to start his own venture capital firm.