Shawn Fanning Net Worth

How much is Shawn Fanning Worth?

Random Celebrity
Shawn Fanning Net Worth
Net Worth:
$7.5 Million
Date of Birth
November 22, 1980
Place of Birth
Brockton
Profession
Programmer, Entrepreneur, Businessperson

Shawn Fanning Net Worth: Shawn Fanning is an American computer programmer, serial entrepreneur and angel investor who has a net worth of $7.5 million dollars. Shawn Fanning created Napster, the file- sharing platform. Born on November 22, 1980, in Brockton, Massachusetts, Shawn Fanning is widely known as Napster's developer. It was in 1998, while attending Northeastern University, that he created one of the first popular peer-to-peer ("P2P") file sharing platforms. Once a preliminary beta program became available on June 1, 1999, hundreds of college students at Northeastern were up and trading music furiously. Shortly after, Shawn moved his company from his headquarters in Hull, Massachusetts to a more spacious location in San Mateo, California and even hired new employees to improve on the Napster Program. Napster was so popular that earned him a place on the cover of Time magazine. After Napster, Shawn Fanning joined, and invested in, a number of early-stage technology startup companies, including Snocap, Rapture and Path. He set up Snocap along with Jordan Mendelson and Ron Conway in 2003. Even though the coompany aspired to be a legitimate marketplace for digital media, it ended up firing 60% of its workforce by late 2007. This made Fanning leave Snocap to work on another venture, Rupture. The project came to light in late 2006, and Shawn officially became CEO of Rupture on October 2, 2007. Rupture future seemed bright as it was soon acquired by Electronic Arts for $15 million, but Fanning's team at Electronic Arts was sacked in November 2009 as a round of layoffs. Only few months later, he started a new company called Path.com.

Related celebrity: Sean Parker Net Worth

Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
Did we make a mistake?
Submit a correction suggestion and help us fix it!
Submit a Correction
More Information
Shawn Fanning

Shawn Fanning

Shawn Fanning is an American computer programmer, serial entrepreneur, and angel investor. He developed Napster, one of the first popular peer-to-peer file sharing platforms, in 1998. The popularity of Napster was widespread and Fanning was featured on the cover of Time maga...
Profession
Date of Birth
  • November 22, 1980
Nicknames
  • Napster Fanning
Nationality
  • United States of America
Country
  • United States of America
View Full Profile
Discussion