Kevin Systrom Net Worth
Kevin Systrom net worth: Kevin Systrom is an American internet entrepreneur who has a net worth of $1.4 billion. Kevin Systrom is famous (and incredibly wealthy) thanks to the company he created: Instagram. As you probably know, Instagram is the massively popular photo sharing app that allows smartphone users to share photos through various online social networks. Users can also give the photos a distinctive look thanks to digital filtering. This filter mostly serves to give the photos a kind of "retro" look, in homage to analog cameras from decades past such as the Kodak Instamatic and the Polaroid instant cameras.
Kevin Systrom was born in 1983, in Massachusetts. He had an early interest in computer programming. As a kid, he created programs that would prank his friends by appearing to hack their AOL Instant Messenger Accounts. He attended Stanford University where he studied engineering and management science. He built web programs in his free time. One of them was a photo site he set up so that his fraternity brothers could share pictures amongst themselves. This sparked his interest in photography. During his junior year abroad in Italy, a professor introduced Systrom to a Holga—a cheap camera with a cult following because of its retro style photos. Systrom fell in love with the aesthetic of the Holga photos. He graduated from Stanford in 2006 and landed at Google as an associate product marketing manager working on Gmail, Google Calendar, Docs, and other products. He was at Google for two years. Systrom became interested in location-based apps like Foursquare. He co-founded a mobile check-in game called Burbn in 2010. He quickly noticed that Burbn users loved the retro camera filter aspect of the app. The company pivoted it's entire purpose and re-branded as to Instagram.
On April 9th 2012, Facebook CEO Mark Zuckerberg announced that his company has agreed to purchase Instagram for $1 billion in cash and stock. The company had just 13 employees. At the time, the 27 year old founder/CEO Kevin Systrom owned 40% of the company and since he took mostly Facebook stock, he was left with a paper net worth of $400 million. Fast forward two years, and the value of Systrom's Facebook stock had more than doubled, leaving him with a net worth of $800 million. Fast forward a few more years and the acquisition had given Systrom a peak net worth of $1.6 billion. That's an impressive haul, no doubt, but considering Instagram's popularity and size today, it makes you wonder what Kevin would be worth today had he never sold. It has been said that Instagram today could be worth as much as $100 billion on its own.