Connect with us

Billionaires

Tim Draper Net Worth

Published

on

Timothy C. Draper's Net Worth as of 2024
$1 Billion

Timothy Cook Draper, born on the 11th June 1958, is an American businessman who became a well-known venture capital investor as the co-founder of Draper Fisher Jurvetson.

So how much is Draper’s net worth? As of mid 2016, it is reported by authoritative sources to be $1 billion, acquired from his years as a venture capital investor.

Tim Draper Net Worth $1 Billion

Born in California, Draper came from a long line of businessmen. His father William Henry Draper III is the founder of Draper & Johnson Investment Company, and his grandfather William Henry Draper Jr. is the founder of Draper, Gaiter and Anderson, so it’s no surprise that he became a businessman as well. Although he took up electrical engineering in his undergraduate studies in Stanford University, he later pursued an MBA through Harvard Business School.

Draper started his career working in Alex, Brown & Sons; even though his employment started his rise in wealth, Draper didn’t stay long and decided to start his own company. In 1985, along with friends John H.N. Fisher and Steve Jurvetson, he started the venture capital firm Draper Fisher Jurvetson. The firm invests in various early-stage enterprises and start-up companies and assists them until they are on a strong footing. Some of the well-known companies that Draper Fisher Jurvetson has invested on include Tesla, Solar City, Skype, AngelList, Redfin and Box. The success of these companies has meant the same for the firm, and so also tremendously increasing Draper’s net worth.

Draper also created his own venture capital firm – Draper Associates – in 1985. It’s a seed-stage venture capital firm that focuses on businesses in the fields of consumer technology, financial technology, healthcare, education government tech and manufacturing. Although the company is solely Draper’s, it still succeeded and his wealth increased along with his investments.

Draper is credited as the creator of the term ‘viral marketing’ in 1996. Draper and his partner Jurvetson are also said to have had the idea of attaching a brief advertisement at the end of an email, which led to the success of Hotmail and Yahoomail. The technique is now being used by many businesses to promote their products.

In 2012, Draper founded his own business school, Draper University located in San Mateo, California. The school helps aspiring entrepreneurs through providing education designed by Draper himself.

In recent years, Draper has made headlines by buying a huge amount of bit coins. In 2014, he invested in 30,000 bit coins believing that it would be the top level value for investors.

That same year he also petitioned for California to be separated into six smaller states because he deemed that California as a whole was becoming hard to govern. Unfortunately he failed to collect the needed signatures to push his petition through.

In terms of his personal life, Draper is married to Melissa and together they have four children.

As the Managing Editor at NetWorthPost, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Billionaires

Mark Zuckerberg Net Worth

Published

on

Mark Elliot Zuckerberg was born on 14 May 1984, in White Plains, New York State USA into a Jewish family. He is known for making billions of dollars at a very young age. However, even if a lot of people are jealous and sceptical about Mark, they should admit that not only does he deserve all that he has, but also respect and admiration for being smart and inventive. He has created a virtual empire which we all acknowledge nowadays: is there anyone in the world who has not heard of Facebook!

So how rich is Mark Zuckerberg? According to Forbes Magazine and Bloomberg’s Billionaires list, Zuckerberg‘s net worth is estimated at $56 billion as of early-2017, making him the seventh richest person in the world, up from 15th just nine months earlier. What strikes as most comic is that Mark has a salary of only $1 dollar per year as CEO of Facebook, however, that doesn‘t stop him from being a self-made billionaire, now head of a company ranked in the 10 largest in the world, valued at $275 billion.

Mark Zuckerberg Net Worth $56 Billion

Mark was indeed an ‘A’ grade student, apparently excelling in many subjects when at Ardsley High School, ranging from physics to classics. However, above Mark‘s interest in computers stands his father. He introduced Mark to computers and wanted him to take an interest in them. Edward Zuckerberg taught his son Atari BASIC programming and later hired a software developer to train Mark privately once a week. According to David Newman, the above-mentioned tutor, the kid was unbelievably talented and soon left his teacher standing and breathless. When Zuckerberg joined the community of Harvard University, he already had a reputation as a programming genius, because “Facebook” wasn‘t actually the first convenient and useful program he had developed. His works, such as Synapse Media Player, CourseMatch and Facemash received a lot of attention and popularity. Still they cannot rate with Facebook.

Unsurprisingly, a person who begins a world-wide revolution of communication faces a lot of problems, difficulties, intrigues and scandals. Mark was accused by his former friends, the Winklevoss twins, Cameron and Tyler, of stealing their ideas. The brothers actually dreamed of building a connection between all the students of Harvard University. As we all know now, Mark improved this idea by enlarging the range of people who were allowed to use this social network. So, the accusations were at least true in part and Zuckerberg was forced to give away 1.2m Facebook shares to them. Thus there‘s always a bright side of things – the company that Mark set up has made a lot of people wealthy, not just him alone.

Regardless, according to Vanity Fair magazine, Zuckerberg was the most influential person of the Information Age in 2010. That‘s surprising because a year before he ranked only at number 23 on the same list. What‘s more, not only does Vanity Fair consider Mark as the world‘s most influential in this relatively new industry, but also New Statesman. In 2010, they ranked him as number 16 in the top 50 of the world’s most important figures. “Facebook” is considered to be the biggest social networking website on the planet, used by people of all ages, sex or nationality. Zuckerberg is respected because all he had to create such a network were his ideas and fingers that instinctively knew what to press on a keyboard.

Even though Mark Elliot Zuckerberg lost all of his friends and it doesn‘t seem that he‘s ever going to regain them, he at least has a reliable source of income – Facebook, of course. All the other similar companies that Facebook has obtained recently such as Instagram, WhatsApp, and some more must also be taken into account.

In his personal life, Mark Zuckerberg married Priscilla Chan in 2012, having met her originally in 2002. Aside from his career, Mark is a noted philanthropist, particularly to educational projects. In 2010, he joined with Bill Gates and Warren Buffett in promising to donate half of his wealth to charity over time. In 2013 he donated shares valued at $990 million to the Silicon Valley Community Foundation, and the following year $25 million towards combating the ebola disease.

Continue Reading

Billionaires

Gautam Adani Net Worth

Published

on

Gautam Shantilal Adani was born on the 24th June 1962, in Ahmedabad, Gujarat, India and is a businessman, widely known as a founder and the chairman of the multinational conglomerate Adani Group. Adani has been active in the business of coal mining and gas distribution since 1988.

How much is the net worth of Gautam Adani? It has been estimated by authoritative sources that the overall size of his wealth is as much as $8.8 billion, as of the data presented in the middle of 2017. Adani Group is the main source of Adani’s fortune.

Gautam Adani Net Worth $8.8 Billion

To begin with, the boy with his seven siblings, was raised in Ahmedabad by his parents Shanta and Shantilal Adani. He was educated at the Sheth Chimanlal Nagindas Vidyalaya school, then entered Gujarat University to study commerce, yet he dropped out.

Currently, the billionaire Gautam Adani owns the largest brand of oil in India. The company was founded in 1988, with Gautam the founder and current president. He said he created his Group with a vision of Nation Building, that is to say by developing assets that he believes are important economic issues for the country. The Adani Group has grown rapidly by diversifying into import – export – it opened its own port in Mundra, to better control its trading operations. Construction began in 1995 and in 1998 it became one of the major sources of foreign exchange for India.

The following year, the company embarked on financial and energy speculation with coal trading, and soon created a joint venture (Adani Willmar) in the field of petroleum products trading in 2000. A second phase began for the group with the creation of large infrastructures. The company created a portfolio of ports, power stations, mines and a fleet of ships and railway lines in and out of India. In 2006, the company became the largest importer of coal in India – 11 million tons. Adani sought to be less dependent on the coal market, so he started to buy and control coal mines. Thus, he bought the Australian group Linc Energy, in order to supply the group’s coal-fired power stations. In 2008, he bought the Bunyu mine in Indonesia , with 180 million tons of coal reserves, and the following year, Adani Group became an energy company, producing 330 MW of thermal energy. In 2011, the group also decided to buy the exploitation rights of a large part of the Galilee coal basin in Australia. To prepare for the import of Australian coal, he ordered a large-capacity coal terminal at Mundra (the largest in the world) and in the same year he bought the Australian port of Abbot Point. This project is yet to come to fruition.

In 2012, the Group began a 3rd phase of development as integration infrastructure, renewing its logo and developing a new identity. The company focuses on three areas: resources, logistics and energy. Subsequently, under the direction of Gautam Adani, the Adani Group became a multinational conglomerate active in the production of electricity – especially through coal – and port terminals, logistics and agribusiness. It is India’s largest developer and port operator. The Group is the major source of Gautam Adani’s net worth.

Finally, in the personal life of Gautam, he is married to Priti and they have two children.

Continue Reading

Recommended

Luxury4 days ago

Serena Williams Takes Home $426,000 After Winning Rogers Cup

Serena Williams is still one of the most feared female tennis player on the planet. Just last week, Serena continued...

Luxury4 days ago

$8637 Per Hole So Far For Tiger Woods

The news that Padraig Harrington created $8637 per hole so far this season is fairly astounding. It is a man...

Entertainment4 days ago

Grey’s Anatomy Recap: Richard Makes A Shocking Confession

It’s all aboard the battle bus for almost all of the physicians at Gray Sloan Memorial. From babies to examinations,...

Celebrity Money4 days ago

Charlie Sheen Gives $12000 for Paparazzi Funeral

Former Two and a Half Men star donated $12,000 for the funeral expenses of the paparazzo who was killed while...

Beauty4 days ago

Lohans Half Sister Spends $25000 on Surgery to Look like Lindsay Lohan

How much would it cost to appear just just like Lindsay Lohan? Lindsay’s halfsister, Ashley Horn, invested $25,0000 on plastic...

Biographies4 days ago

Top 10 Biggest Economies in the World 2013

They are the world-wide economic heavyweights this year, estimated to be having the current largest economies on the planet. Here’s...

Companies4 days ago

BlackBerry Expected to get $500 Million Tax Refund

BlackBerry is poised to get a huge tax break. Within the 2nd quarter of FY 2014, BlackBerry posted a tax...

Biographies4 days ago

Cristiano Ronaldo buys $1.3 Million Ferrari

Ferrari, the topnotch auto company in Italy, has declared that 499 LA Ferrari models seen in state were sold-out. But,...

The Biggest4 days ago

The Biggest Shipping Companies in the World

Shipping is an extremely vital industry that most people are not aware of. Perhaps you have wondered how exotic fruits...

Biographies4 days ago

10 Poorest Cities in North America

Its economic recovery is taking a very long time, what with all of the other hurdles the nation and the...

Trending