Andrew Mason is an American businessman who has a net worth of $230 million. Andrew Mason acquired that net worth as a co-founder of daily-deal coupon company Groupon. Mason was born in Mt. Lebanon, Pennsylvania and attended Northwestern University, receiving a Bachelor's degree in music. Prior to becoming a public company, Groupon raised an estimated $950 million from venture capital firms. Out of that $950 million, $810 was paid out to early investors and high level executives. At the time, Groupon's co-founder and CEO Andrew Mason withdrew $30 million from the investment round. Angel investor Eric Lefkofsky took out $320 million. around this time Mason and Lefkofsky notoriously rejected a $6 billion buyout offer from Google. While many outside investors were skeptical of this move, the company's Venture Capitalists set their sights on the anticipated November 2011 IPO. At the time of the IPO, Groupon shares debuted at $26 and Mason and Lefkofsky became an instant billionaires. Andrew Mason's net worth soon topped $1.4 billion when the share price peaked at $31.1. Eric Lefkofsky's net worth peaked at $3.4 billion. Unfortunately, in the 1.5 years that Groupon has been a public company have been a disaster. The company has experienced several accounting irregularities and a significant drop in revenue. Groupon has lost around 80% of it's value since going public. The value of Andrew Mason's 45,934,504 shares of GRPN have plummeted from an all time high of $1.2 billion to $230 million today. That's a $1 billion drop in net worth! On February 27th, 2013, Andrew Mason was fired from Groupon.
Andrew Mason Net Worth
Date of Birth
United States of America
Feds To Seize $392 Million Of "Wolf Of Wall Street" Moneyon Jul 25, 2016
The 15 Richest Russian Billionaireson Jul 23, 2016
Sheikh Walid Juffali Has Died Just Days After Record Breaking Divorce Settlementon Jul 25, 2016
India's Legendary "Gold Man" Murdered In Money Disputeon Jul 25, 2016
Jeff Bezos Just Passed Warren Buffett To Become The Third Richest Person In The Worldon Jul 22, 2016
This 13-Year-Old Artist Has Sold $3.2 Million Worth Of Paintingson Jul 24, 2016
Is Elizabeth Holmes A Genius Or A Con Artist?on Jul 25, 2016
Ray Rice Will Donate His Entire Salary If Someone Will Sign Himon Jul 22, 2016
Divorcing One Of Vladimir Putin's Billionaire Best Friends Is A Dangerous Propositionon Jul 23, 2016
How K-Pop (That's Korean Pop) Is Taking Over The Worldon Jul 24, 2016
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
Did we make a mistake?
Submit a correction suggestion and help us fix it!Submit a Correction
Have something to add to this net worth? Share it by adding comments below.