| Net Worth: | $2.5 Billion |
|---|---|
| Date of Birth: | February 17, 1972 (52 years old) |
| Gender: | Male |
| Profession: | Entrepreneur, Businessperson |
| Nationality: | United States of America |
What is Brian Acton’s net worth? How does Brian Acton make his money? Below is the current net worth of Brian Acton and how Brian Acton makes his money.
What is Brian Acton’s Net Worth?
Brian Acton is an American internet entrepreneur and a co-founder of WhatsApp who has a net worth of $2.5 billion. Before he co-founded WhatsApp, he worked for some reputable and well-known companies such as Apple, Rockwell International, Adobe, and Yahoo.
During his stay at Yahoo, Brian Acton made acquaintance with Jan Koum who was also a worker at Yahoo. These two talented internet enthusiasts decided to leave Yahoo and together they co-founded the renowned communication medium which is known as WhatsApp.
After WhatsApp was established, Facebook negotiated to purchase WhatsApp on February 19, 2014, for the sum of $19 billion (both in cash and stock). During the time this agreement was struck, Brian Acton’s 20% stake in the company was $3.8 billion.
Agreements were made and pacts were signed, Facebook declared to make a payment of $4 billion in cash and $184 million for shares respectively. Facebook also agreed to make an extra payment of $46 million for the founders of WhatsApp who will be willing to remain in the company.
Today, the world has gone global, and when talking about reliable and dependable messaging services WhatsApp is one of such services. WhatsApp is being designed in a way that makes it handy and comfortable for its users to use it in various ways.
Early Life
On 17 February 1972, Brian was born in Michigan, in the United States of America. Brian Acton later relocated to Central Florida where he attended Lake Howell High School. After completing his study in High School, Brian Acton got a full scholarship at the University of Pennsylvania where he studied engineering.
After studying for one year he worked for a transfer he was later transferred to Stanford University, and at Stanford University he changed his course from engineering to computer science. Brian Acton graduated with a Bachelor’s Degree in Computer Science in 1994.
Early Career
During his study at Stanford University, Brian Acton got a job as a systems administrator at Rockwell International, subsequently, he worked as a product tester for Apple and Adobe respectively.
Brian Acton worked in Yahoo! in 1996, while working in Yahoo! he established an acquaintance with Jan Koum a computer engineer.
WhatsApp Invention
Brian Acton and Jan Koum tendered their resignations from Yahoo! in 2007. Jan Koum later had the initiation of creating an instant-messaging service this idea gave way to the formation and creation of WhatsApp.
Brian Acton later joined him and became a co-founder of WhatsApp. As of 2009, Brian Acton was given a 20% stake in the company. In 2013, the number of users of WhatsApp rose drastically to over 200 million, it also had a valuation of $1.5 billion.
Brian Acton and Jan Koum sold WhatsApp to Facebook for the sum of $19 billion in 2014. Immediately after this transaction, WhatsApp was the most popular messaging application on the globe. Its number of users rose tremendously to over 600 million and in 2015 it rose to 700 million users interestingly in early 2016 the number of users expanded rapidly to 1 billion.
The Creation of Signal Technology Foundation
Brian Acton later left WhatsApp. Brian Acton together with Moxie Marlinspike co-established the non-profit Signal Technology Foundation. This organization aids in the securing of global communication through the development of open-source privacy technology. It is highly enhanced and protected and its services are mainly used by journalists and human rights activists.
Real Estate
Brian Acton used $86 million in setting up a compound in Palo Alto near Stanford University. He has a total number of seven homes.
Brian Acton has a modern-day home indistinguishable from Mark Zuckerberg‘s home and their houses are really quite close in distance.
Personal Life and Humanitarian Services
Brian Acton got married to Tegan, and they reside in Palo Alto, California. Brian Acton and Tegan have done lots of humanitarian services through the organization Wildcard Giving, the sister foundations Sunlight Giving, Solidarity Giving, and Acton Family Giving.
Reports from Forbes have it that Brian Acton and his wife have given more than $1 billion to aid in humanitarian services. Their immense support has saved and transformed lots of people.
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