The Silicon Valley elite may be among the most active — and potentially successful — doomsday preppers, according to a riveting new essay in The New Yorker. Leaders of industry from Silicon Valley to Wall Street are joining the survivalism movement, The New Yorker’s Evan Osnos writes. That list includes Steve Huffman, cofounder and CEO of Reddit; Marvin Liao, a former Yahoo executive and a partner at 500 Startups; and Robert A. Johnson, a managing director of hedge fund Soros Fund Management. Reid Hoffman, the cofounder of LinkedIn and a notable venture capitalist, told the New Yorker he estimates more than 50% of Silicon Valley billionaires have bought some level of “apocalypse insurance,” like an underground bunker.
Fortified shelters, built to withstand catastrophic events from viral epidemic to nuclear war, seem to be experiencing a wave of interest in general as hints of a new Cold War ramp up. [ Business Insider ]