Travis Kalanick Net Worth
Travis Kalanick net worth and salary: Travis Kalanick is an American entrepreneur who has a net worth of $6 billion dollars. Travis Kalanick was born in Los Angeles, California, and went on to study Computer Engineering at the University of California – Los Angeles. He ultimately chose to drop out, in order to co-found Scour, Inc., a multimedia search engine. His group also founded Scour Exchange, a peer-to-peer file-sharing program. Multiple film boards sued Scour, Inc., and Travis subsequently filed for bankruptcy. In 2001, he launched Red Swoosh, another peer-to-peer file-sharing company. Red Swoosh eventually sold to Akamai Technologies for $19 million. In 2009, he co-founded Uber, a mobile application for searching and finding ride share and person-to-person car rentals in major cities. It currently operates hundreds of cities around the world and has been copied by a number of other similar rideshare apps. When he is not running Uber, he speaks at many tech conferences. In June 2014, Uber raised a massive investment round that valued the company at $18.2 billion. The investment totaled $1.6 billion worth of financing from several different parties, most notably the mutual fund Fidelity Investments. At that valuation, Travis Kalanick officially became a billionaire with an implied ownership stake of 5.55%. Today Uber is worth worth $40-50 billion.