Kevin Systrom Net Worth
Kevin Systrom net worth: Kevin Systrom is an American internet entrepreneur who has a net worth of $1.1 billion. Kevin Systrom is famous (and incredibly wealthy) thanks to the company he created: Instagram. As you probably know, Instagram is the massively popular photo sharing app that allows smartphone users to share photos through various online social networks. Users can also give the photos a distinctive look thanks to digital filtering. This filter mostly serves to give the photos a kind of "retro" look, in homage to analog cameras from decades past such as the Kodak Instamatic and the Polaroid instant cameras.
On April 9th 2012, Facebook CEO Mark Zuckerberg announced that his company has agreed to purchase Instagram for $1 billion in cash and stock. At the time, the acquisition gave 27 year old founder/CEO Kevin Systrom a net worth of $400 million. Fast forward two years, and the value of Systrom's Facebook stock has more than doubled, leaving him with a net worth of $800 million. Fast forward 4 years and the acquisition has given Systrom a net worth of $1.1 BILLION!