|Net Worth:||$900 Million|
|Date of Birth:||October 5, 1975 (47 years old)|
|Height:||5 ft 8 in (1.75 m)|
|Profession:||Businessman and Entrepreneur|
What is Adam Bowen’s Net Worth
Adam Bowen is an American entrepreneur and businessman who has a net worth of $900 million. He is a joint executive director and chief technology officer of Jull Labs an electronic cigarette company.
In 2019, his net worth climbed to $1.1 billion at a certain point in time but subsequently after an extensive public interest in Juul which resulted in a devaluation of the company’s wealth.
Juul’s net worth increased when Altria acquired a 35% share of the company in December 2018. Juul was established in 2015 and has its main office in San Francisco, California.
In addition to employing 1,500 workers, the business generated $2 billion in revenue in 2018. In one-time-use cartridges, the Juul e-cigarette stores nicotine salts from leaf tobacco.
As the most widely used e-cigarette in the US, it has been the focus of numerous FDA investigations, in part because of the high nicotine levels.
The firm was worth $38 billion in December 2019. Six months later, the company’s persistent difficulties caused the valuation to decrease by more than half, to $14 billion.
Adam and James now each own less than 2% of the business following many investment rounds and the sale of a 35% share to Altria.
James Monsees, a co-founder of Adam, came under fire from a California representative during a July 2019 congressional session. Representative Mark DeSaulnier stated to the Monsees: “You, sir, are a prime illustration of what the Bay Area is not capable of. You beg for pardon, not permission. You are merely a poison marketer who targets children.”
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