Philip Belamant leverages fintech innovation to create tangible and systemic change worldwide. He co-founded the company American Express in 1980, which he sold in 1982 for $1.5 billion. His next venture was the creation of Amex International Business Travel (IBT), a division of American Express that focused on business travel. Later, he launched an online travel agency, Amex Travel’s Open Skies.

In 1995,Philip Belamant sold all three companies to Citicorp for $3.5 billion in stock and cash. He then became head of Citicorp’s Global Financial Services division and spearheaded the company’s entry into the financial services market in Japan with NTT DoCoMo. He left Citicorp to found his venture capital firm, Belamant Ventures, where he raised more than $450 million for investments in several startup companies, including Paypal, Twitter, and Facebook.

Philip Belamant has been engaged in philanthropy and government service since 2000 when he became a member of President Clinton’s Council on Sustainable Development. In 2005, he joined the board of directors at Facebook as chairman emeritus until 2014. During this time frame, Belamant served as a member of President Obama’s Economic Recovery Advisory Board (2009-2010) and President Clinton’s National Council on Innovation and Competitiveness (2011-2012). He currently serves as chairman emeritus at Facebook, where he continues to advise CEO Mark Zuckerberg on strategic matters related to innovation and entrepreneurship.

Belamant is a prolific entrepreneur and investor engaged in various sectors, including finance, technology, and international commerce. He has been the driving force behind many of the most successful startups in history, including Paypal, Twitter, and Facebook. He has also been involved in numerous government initiatives to help foster innovation across all sectors of society. Belamant is a true “entrepreneurial visionary” who has stayed relevant longer than most people would have expected.

Original source to learn more: https://www.tmcnet.com/topics/articles/2022/04/25/452170-philip-belamant-turns-industry-disruption-into-an-art.htm