Chris DeWolfe Net Worth

Net Worth Details

Chris DeWolfe, the American entrepreneur and co-creator of MySpace, has a net worth of $50 million. His fortune was primarily built through his involvement with MySpace, where he served as CEO and played a pivotal role in its acquisition by News Corp for $580 million in 2005. Along with equity sales, salaries, and bonuses, DeWolfe earned approximately $40 million from his time at MySpace. After stepping down as CEO, he went on to lead a number of Los Angeles-based startups, including mobile game developer Jam City Inc.

Biography

What is Chris DeWolfe known for?

Chris DeWolfe is best known as the co-founder of MySpace, an immensely popular social media website during the early 200s. With millions of users signing up to connect with friends and share content, MySpace became a cultural phenomenon and played a significant role in shaping the landscape of online social networking.

Early life and education

Chris DeWolfe was born on March 27, 1966, in Portland, Oregon. Growing up in a middle-class family, his parents were teachers. He attended Lincoln High School before pursuing his higher education at the University of Washington, where he obtained a B.A. degree in Finance. DeWolfe furthered his studies at the University of Southern California, focusing on Marketing and Entrepreneurial studies. He later earned an M.B.A. from the USC Marshall School of Business.

Career

In 2003, Chris DeWolfe co-founded MySpace alongside Tom Anderson and Josh Berman. As the CEO of MySpace, DeWolfe played a vital role in the rapid growth and success of the platform. Under his leadership, MySpace quickly became one of the most popular social media websites worldwide. In 2005, News Corp acquired MySpace for an impressive $580 million.

While DeWolfe left MySpace in 2009, he continued to explore new ventures and opportunities. He founded several successful startups, including Jam City, a mobile gaming company, and SGN, a social gaming platform. Additionally, DeWolfe has been actively involved in various business ventures and has made investments in real estate and entertainment. His innovative approach to business and ability to identify emerging trends have earned him recognition as one of the “Top 50 Most Creative People in Business” by Fast Company magazine.

Personal Life and Philanthropy

Chris DeWolfe is not only known for his entrepreneurial endeavors but also for his philanthropic activities and dedication to giving back to the community. He has donated millions of dollars to charitable organizations, such as the Children’s Hospital Los Angeles and the Los Angeles County Museum of Art. DeWolfe is also passionate about contemporary art and has contributed pieces from his personal collection to museums and galleries around the world. Additionally, he actively supports environmental causes and promotes sustainability and green initiatives within his business ventures.

Outside of his professional pursuits, Chris DeWolfe has a zest for travel and adventure. Having visited over 50 countries, he seeks thrill in extreme sports like skydiving and bungee jumping.

Achievements

As a renowned entrepreneur, Chris DeWolfe has achieved various milestones throughout his career. His notable accomplishments include:

• Co-founding MySpace, which became one of the most popular social media websites in the world
• Playing a crucial role in the acquisition of MySpace by News Corp for $580 million
• Founding successful startups like Jam City and SGN
• Being recognized as one of the “Top 50 Most Creative People in Business” by Fast Company magazine
• Donating millions of dollars to charitable organizations, including Children’s Hospital Los Angeles and the Los Angeles County Museum of Art
• Promoting environmental sustainability and green initiatives

Chris DeWolfe’s entrepreneurial spirit, philanthropy, and commitment to innovation have left a lasting impact on the tech industry and beyond.