| Net Worth: | $2 Billion |
|---|---|
| Date of Birth: | July 9, 1971 (53 years old) |
| Gender: | Male |
| Height: | 6 ft 5 in (1.88 m) |
| Profession: | Entrepreneur, Programmer, Investor, Venture capitalist, Software Engineer. |
| Nationality: | United States of America |
What is Marc Andreessen’s Net Worth?
Marc Andreessen is an American software engineer, investor, and entrepreneur who has a net worth of $1.7 Billion. He rose to prominence as the world’s most recognized multi-millionaire after he established Netscape company and a widely used web browser called Mosaic.
A social networking platform name Ning and a software company Opsware were also jointly established by Marc Andreessen.
Marc Andreessen has had great success in recent years as a venture capitalist. He is a general partner of Andreessen Horowitz, his own venture capital firm. Hewlett Packard Enterprise and Facebook are two of the companies for which he serves on the board of directors.
Childhood
On the 9th of July 1971, Marc Andreessen was born in Cedar Falls, Iowa, and was groomed in New Lisbon, Wisconsin. Lowell and Patricia are both his parents.
Education and Mosaic
The University of Illinois at Urbana-Champaign was Marc Andreessen’s alma mater. He completed two internships while still an undergraduate at IBM in Austin, Texas, where he served in the division that developed the AIX graphics program.
He also served for the National Center for Supercomputing Applications at the University of Illinois, where he was taught the open web principles developed by Tim Berners-Lee.
Mosaic; a web browse was authored by Marc Andreessen alongside Eric Bina at NCSA, which metamorphosed into becoming essential in promoting the use of the Internet by the public.
It was the first to display images in tandem with text and is frequently regarded as the first graphical web browser. Marc Andreessen earned a bachelor’s degree in computer science from UIUC in 1993.
Netscape
After Marc graduated from college, he migrated to California where he served at Enterprise Integration Technologies. However, Jim Clark, the creator of Silicon Graphics, who saw a lot of promise in the Mosaic browser, was the next person Marc met.
The two subsequently founded the Internet software business Mosaic Communications Corporation, with him serving as vice president of technology.
Mark and Clark changed the company’s name to Netscape Communications because the University of Illinois objected to its usage of the term Mosaic.
Additionally, they changed the name of their primary web browser to Netscape Navigator. When Netscape launched its stock in 1995, Marc became well known. He was highlighted in several publications, including Time magazine’s cover.
AOL paid $4.3 billion to acquire Netscape in 1999. Andreessen was appointed AOL’s chief technology officer as a contingent component of the acquisition. He was recognized as one of the top 100 inventors under the age of 35 that year by the MIT Technology Review.
Loudcloud/Opsware
With Tim Howes, Ben Horowitz, and In Sik Rhee, Marc Andreessen co-founded the software startup Loudcloud later in 1999, after Netscape had been acquired. The business supplied consumer-facing Internet businesses with hosting, software, and computing services.
Marc Andreessen served as the chairman of Loudcloud from 2003 until it changed its name to Opsware and sold its hosting division to Electronic Data Systems. Hewlett-Packard later paid $1.6 billion to acquire Opsware in 2007.
Andreessen Horowitz
Marc Andreessen and Ben Horowitz, his business associates made an investment of over $80 million in 45 startup enterprises including Twitter from 2005 and 2009. The two earned a reputation as great angel investors within a short period of time.
As a result, they started Andreessen Horowitz, a private venture capital firm, in 2009. The Menlo Park-based company invests in a variety of industries, including gaming, education, e-commerce, cloud computing, security, and social.
With a $300 million original investment, Andreessen Horowitz quickly rose to a $2.7 billion valuation. GitHub, Twitter, Facebook, Pinterest, and Foursquare are among the companies it holds.
Additionally, the company was a component of the investor group that paid $2.75 billion for the controlling ownership of Skype. When Microsoft spent $8.5 billion for Skype in 2011, the risky deal paid dividends.
Other Business Endeavours
Marc Andreessen was a member of the board of directors of eBay enterprise from 2008 to 2014, He left the board because he vehemently disagreed with eBay’s decision to stop using PayPal for its online payments.
Mark Andreessen went on to sit on the boards of multiple other businesses, including Facebook, Stanford Hospital, Oculus VR, OpenGov, and TinyCo. In businesses like Raine and LinkedIn, he has personal investments.
He is a member of the Neom, Saudi Arabia, advisory board as well as serving as an advisor for the web and mobile application Asana.
Marc Andreessen co-founded and served as chairman of Ning, a social media platform that enables people and organizations to build unique social networks centered around certain interests, in addition to his previous projects. For over $150 million, Mode Media purchased Ning in 2011.
Criticisms
Over the years, Andreessen has come under fire for his ignorant remarks. He received backlash for a tweet he sent out at the start of 2016 suggesting that anti-colonialism had been detrimental to India and its citizens.
Shortly after, he sparked controversy by endorsing right-wing political pundit Milo Yiannopoulos, a British journalist known for his nasty, racist, and sexist beliefs.
Marc Andreessen faced criticism for a separate professional conflict of interest in 2016, in which he is said to have privately guided Facebook founder Mark Zuckerberg through a procedure to obtain board approval for a stock change, all the while Marc was a nonvoting board member who represented stockholders.
Shareholders of Facebook launched a class action lawsuit to prevent Mark Zuckerberg from establishing a new class of shares without voting rights.
Personal Relationship
Activist Laura Arrillaga and Andreessen got married in 2006. John Arrillaga, a deceased billionaire in Silicon Valley real estate who also established the Silicon Valley Social Venture Fund, was Laura’s father. Their son, John, is the product of their union.
Real Estate
The amazing 7-acre Malibu clifftop property was purchased by Marc and Laura in October 2021 for $177 million. The highest-priced home sale in California history was officially set by this transaction.
For a second Malibu beach house in March 2022, Marc and Lara forked over $44.5 million.
This 7,000 square foot estate features four bedrooms, four and a half bathrooms, space for fourteen automobiles, and is situated on two acres with 130 feet of ocean frontage directly on the beach.
Northern California up top In 2007, Marc and Laura purchased $16.6 million for a mansion in Atherton, California, which they now own.
They spent $36 million on an empty site in the suburbs of Las Vegas in 2021.
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