Daniel Ek Net Worth
Daniel Ek net worth: Daniel Ek is a Swedish technology entrepreneur who founded the music streaming service Spotify and who has a net worth of $2.8 billion. Daniel Ek was born in Sweden in 1983 and has been a serial entrepreneur since he was a teenager. Daniel Ek founded his first company in 1997, when he was 14-years old. By the time he was 16-years old, Daniel Ek was getting rich building websites for other people. He attended the IT Gymnasium in Sundyberg and enrolled at the KTH Royal Institute of Technology, however, he did not finish his degree. Daniel Ek was still a teenager when he set out to solve the problem of how you get people to pay for music that can be downloaded for free, without charging them for each song. Daniel Ek's solution was Spotify, a virtual jukebox in the cloud providing legal on-demand access to millions of songs. Spotify is supported by paying subscribers and by radio-style ads played only to nonsubscribers. He is currently the CEO of Spotify, which he co-founded in 2006. Daniel Ek's Spotify operated exclusively in Europe for three years before launching in the US in 2011. Today Ek owns 9.2% of Spotify. When Spotify went public in April of 2018 at a valuation of $28 billion, Ek was left with a paper net worth of around $2.6 billion. At the time of the IPO, Spotify had 71 million paying subscribers and $5 billion in annual revenue.