Tom Anderson net worth: Tom Anderson is an American entrepreneur who has a net worth of $60 million. Tom Anderson earned his net worth as a co-founder of the social networking website Myspace. He co-founded Myspace in 2003 with Chris DeWolfe, and was later president of Myspace and a strategic adviser for the company. He became famous because his photo was the default friend for everyone who joined the social network.
Tom Anderson was born on November 8, 1970 and his hometown is Escondido, California. He attended both the University of California, Berkeley and the University of California, Los Angeles. Tom originally worked at the company that owned Myspace, eUniverse which was founded by internet entrepreneur Brad Greenspan. The idea behind Myspace came about after the 2002 launch of Friendster. Several people with Friendster accounts were employees at eUniverse and they quickly recognized the potential for such a social network. They formed a team and set about to mimic the more popular features of the rival social networking website. By June 2006, Myspace had grown to become the most popular social network in the US. The company held this rank until April 2008 when it was taken over by Facebook.
From that point on, MySpace declined rapidly in popularity. In the prime of Myspace they employed 1,600 employees. That was reduced to 1,000 after laying off 30% of the workforce in June 2009. By June 2011, further job cuts reduced its size to 400 employees. In June 2011, Myspace was sold to Specific Media for $35 million plus a 5 percent equity stake in Specific Media. Justin Timberlake also took a small stake in the deal.