Sean Parker Net Worth
Sean Parker net worth: Sean Parker is an American internet technology businessman and entrepreneur who has a net worth of $7.6 billion. Sean Parker is famous for co-founding Napster, Causes, Plaxo, and was a part of the creative force behind Mark Zuckerberg's Facebook. Parker's father began teaching him programming at age seven. In his teen years, Parker became so advanced with computers that he ended up in trouble with the law and was sentenced to community service for hacking websites. Parker co-founded Napster, a free file-sharing service for music, in 1999. Napster drew fire from recording labels and the Recording Industry Association of America for its part in helping users steal music. Eventually lawsuits by various industry associations forced Napster out of business. After Napster, Parker launched Plaxo, an online address book and social networking service. He left the company after disputes with various shareholders.
In 2004 Parker began work as an informal advisor to Mark Zuckerberg and Facebook. He would eventually become Facebook's president. After being arrested for suspicion of cocaine possession, Parker was fired from Facebook but was allowed to keep his significant equity stake in the company. When Facebook went public years later, Sean Parker became a full fledged internet billionaire.
Sean Parker is now involved in start-ups through The Founders Fund, a venture capital group founded by another Facebook investor, Peter Thiel. He is an active investor and board member of Spotify, a music streaming service that has become extremely popular around the world. Parker donated $250 million in 2016 to create the Parker Institute for Cancer Immunotherapy.