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https://www.forbes.com/profile/chris-hughes/

Chris Hughes grew up in small town North Carolina before heading off to Phillips Academy and then Harvard. He met Facebook co-founders Mark Zuckerberg and Dustin Moskovitz as a freshman at the Ivy League school, and joined the startup as its spokesperson. Internally nicknamed "the Empath," Hughes, who studied history and literature, focused on the site's functionality and user-friendliness instead of coding. In 2007, he left a growing Facebook to join then-senator Barack Obama's presidential campaign as the Director of Online Organizing. He spearheaded my.barackobama.com, a popular social media site for supporters. In 2012, Hughes bought a majority stake in the New Republic, a progressive-leaning magazine that focuses on politics and culture. His attempt to revamp the publication led to mass resignations across the newsroom, and he ultimately sold the magazine in 2016 after years of financial losses. Read Less

Hughes founded a social network for nonprofits called Jumo in 2010 and sold it one year later to publishing company Good. He then purchased the New Republic for $5 million in 2012 and invested another $20 million in the magazine before selling it in 2016. Since then, Hughes has been leading the fight against Facebook while supporting his universal basic income think-tank, Economic Security Project.
https://www.forbes.com/sites/mnunez/2019/07/26/how-facebook-cofounder-chris-hughes-made-and-spent-his-fortune/
(more to this article from 2019)