Chris DeWolfe Net Worth
Chris DeWolfe is an American entrepreneur
DeWolfe is an entrepreneur who created a company called MySpace that grew into a multibillion dollar social media company. He also owns a website called Gogobot and has invested in numerous other companies. He has been named one of Time’s 100 most influential people. He also won the Producers Guild of America’s Vanguard Award in 2009.
Chris DeWolfe co-founded MySpace in 2003 and was its chief executive until 2009. After leaving Myspace, he co-founded Jam City, a video game developer. His contributions to these companies have earned him a net worth of $50 million.
He co-founded the social networking website Myspace
MySpace is an online community that connects people with similar interests. The social network launched in 2003 and quickly attracted millions of users. Afterward, the site was sold for $580 million. The company has since expanded and is now available in more than twenty countries. Its founder Chris DeWolfe is expected to move on to a new startup.
MySpace once had 130 million users, the biggest music and TV library, and $750 million in annual revenue. When it was acquired by News Corp. for $580 million in 2005, the owners quickly began monetising the site. However, they were careful to protect their users. DeWolfe said that the company only rolls out advertising after data shows that it boosts in-app purchases.
He co-founded MindJolt
After co-founding MySpace, Chris DeWolfe helped undiscovered musicians harness the power of social networking. These days, DeWolfe is the CEO of San Francisco-based startup MindJolt Inc., which focuses on helping small game makers promote their games on social networks.
DeWolfe is an investor and adviser at Troy Capital Partners. He also co-founded MySpace and helped it become a global phenomenon. He is also an adviser at the University of Southern California’s Lloyd Greif Center for Entrepreneurial Studies and serves on the board of Uproxx Media Group Inc. He once partnered with the Humane Society to develop a game.
The entrepreneur’s recent deals include deals with Hallpass Media and SGN, two companies with millions of monthly users. Hallpass Media will also contribute nearly 1,500 games to the MindJolt platform. The company has raised $22 million in venture capital.
He was a vice president of sales for XDrive Technologies during the dotcom bubble
In 2001, DeWolfe was the vice president of sales for Xdrive Technologies, a company that offered online storage space. However, as the dotcom bubble burst, Xdrive went under, and DeWolfe was laid off. Nevertheless, he managed to start up a new internet business, ResponseBase, and started sending newsletters to interested parties. The company later purchased Xdrive’s list of nearly eight million email addresses.
Before joining MySpace, DeWolfe worked in marketing for First Bank of Beverly Hills in 1997 and was vice president of sales and marketing for Xdrive Technologies from 1999 to 2001. Xdrive went out of business in 2001, so DeWolfe left to start a marketing company called Response Base. DeWolfe and fellow technology entrepreneur Kevin Anderson co-founded MySpace in August 2003. While DeWolfe created the first version of the social network in 1998, Anderson helped refine the idea and launch the website in 2003. Eventually, MySpace became one of the most popular social networks at the time.
His salary is estimated to be more than $51500000
Chris DeWolfe is a well-known entrepreneur and CEO who has built several successful companies. He is the co-founder of MySpace and the Social Gaming Network. According to Forbes, his net worth is estimated to be over $50 million. His wealth is mainly generated from his business ventures. In fact, his net worth is expected to grow by more than 50 percent by 2021.
Chris DeWolfe was born in Portland, Oregon. He completed his education at the University of Washington and later earned his MBA from the USC Marshall School of Business. Since leaving Myspace, he has been working on his new venture, Jam City. His salary is more than $51500000, making him one of the highest paid CEOs in the world.