|Date of Birth:
|October 4, 1978 (45 years old)
|5 feet 8 inches
|Entrepreneur, and Businessperson
What is Garrett Camp’s Net Worth?
Garrett Camp is a Canadian Entrepreneur and Businessperson who has a net worth of $2.5 billion. He gained his first modest fortune as a co-founder of the web discovery platform StumbleUpon.
His work as the supplier of mobility as a service, Uber, helped him become a multi-billionaire. Camp established the startup studio Expa and currently holds the position of chairman of Mix, the company that will take the place of StumbleUpon.
When Uber’s private value peaked, Garret’s net worth surpassed $6 billion. The day after Uber went public on May 17, 2019, its paper net worth was $3.4 billion at the end of the trading session.
Childhood and Education
On October 4, 1978, in Calgary, Alberta, Canada, Garrett Camp was born to an artist mother and an economist father.
In his early adult years, he studied at the University of Calgary, where he earned his electrical engineering bachelor’s degree in 2001.
In addition to studying evolutionary algorithms and information retrieval, Garrett continued his education there as a Ph.D. student. He received his master’s in software engineering.
In late 2001, while enrolled in his Ph.D. program at the University of Calgary, Garrett Camp, Geoff Smith, Justin LaFrance, and Eric Boyd co-founded the web discovery service StumbleUpon.
The service, which is credited with being the first personalized recommendation engine and web discovery platform, employed collaborative filtering to build online communities of users.
After getting money from Silicon Valley angel investors like Tim Ferriss, Mitch Kapor, Ram Shriram, and Brad O’Neill, StumbleUpon moved to San Francisco, California, in 2006.
The platform was bought back by Camp and other investors in 2009 after being acquired by eBay the following year for $75 million.
Camp pushed to increase StumbleUpon’s product offerings to include social networking and mobile app discovery after repurchasing the company.
Before stepping down as CEO in 2012, he expanded the business to more than 100 workers and over 25 million registered users.
In 2015, when StumbleUpon was buried in debt, Camp acquired it once more. The portal was eventually shut down in the middle of 2018, and all user identities were transferred to Mix.com, a new web-discovery engine created in part by Camp’s startup company Expa.
Garrett Camp and fellow businessman Travis Kalanick co-founded the mobility-as-a-service company Ubercab while Camp was serving as CEO of StumbleUpon in early 2009.
The organization was started with the intention of providing customers with direct transportation services at reasonable prices. Uber soon adopted the name Uber. With only a few automobiles, the firm began offering its services in San Francisco in the middle of 2010.
By the year’s end, it had secured venture money worth more than $1 million. Throughout the ensuing years, Uber significantly expanded both domestically and internationally. The business introduced its services UberX, Uber SUV, and UberTAXI in 2012.
The most significant shift to Uber occurred at the start of 2013 when CEO Travis Kalanick introduced a ride-sharing service that would let regular people sign up as drivers through the Uber app.
Camp established the startup studio Expa in 2013 based on his ten years of startup expertise. Via the studio, he assists in the creation and launch of new businesses by offering seed money, technical guidance, and workspaces to budding enterprises.
Early in 2014, Expa raised $50 million to support the creation and design of these firms. A few years later, the business raised $100 million. Online businesses including Mix, Haus, and Cmd were created and launched by Expa.
Unlike other forms of cryptocurrency, which have a negative effect on the environment, Camp wants Eco to be much more environmentally friendly in its token generation and transaction verification processes.
In addition to his business endeavors, Camp has taken part in some charitable endeavors. He is one of several well-off persons who have signed the Giving Pledge, a movement started by Warren Buffett and Bill Gates to encourage extremely wealthy people to donate the majority of their fortunes to philanthropic causes throughout their lifetimes.
Moreover, Camp founded his own Camp Foundation, a non-profit research organization that encourages research in the fields of infrastructure, environmental preservation, and sustainability.
The well-known mistreatment of Uber’s staff is a major source of Garrett Camp’s detractors, who frequently point the finger at him. Camp purchased an 11,000-square-foot mansion in Beverly Hills Trousdale Estates for $72.5 million in 2019, which generated even more dissent. This deal was vehemently criticized by both activists and Uber staff members, who spoke out against it and demanded better working conditions for the company’s drivers.
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