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How Much is the Former CEO of UBER, Travis Kalanick's Net Worth? Why Did he Resign from UBER?

News by Saburo Published on 14 Jul,2017 Updated on 14 Jul,2017

Los Angeles, California-based businessman, Travis Kalanick, is renowned as the co-founder of the peer-to-peer file sharing company Red Swoosh. In addition to that, Travis was the CEO of transportation network company UBER until June 2017. 

Travis Kalanick earned an enormous amount of money with UBER. How does this charming multitalented celebrity spend his money? How rich is Travis Kalanick? All details available here!

How Much Is Travis Kalanick’s Net Worth?

Travis Kalanick entered the Forbes list of the 400 wealthiest Americans at 190, with a current net worth of $6.3 billion. He is the multi-billionaire CEO and co-founder of the app-based car service Uber. According to Forbes, Travis is the 78th wealthiest person in the U.S. Travis is at No. 64 on Forbes' list of the world’s most influential people of 2016

Image: Travis Kalanick, billionaire business in the US

Source: nytimes.com

 In 1998, Travis along with Michael Todd and Vince Busam, discarded of UCLA to fully support Dan Rodrigues launch Scour Inc. (multimedia Internet search engine), and Scour Exchange.

In August 2000, 33 of the world’s largest media companies charged Scour for $250 billion. Nevertheless, the company filed for bankruptcy and was finally sold at auction.Whereas UBER is now operating in 570 cities worldwide and the company is worth as much as $70 billion. 

In 2001, Kalanick established a new company called Red Swoosh, related to Scour Exchange. Six years later, they claimed the company was seized by Akamai Technologies for $19 million. In December 2016, Travis became a member of Donald Trump’s business advisory council, a group formed to advise the president on job creation that includes; Tesla and SpaceX CEO Elon Musk, IBM CEO Ginni Rometty, plus executives from, Boeing, Disney, GE, and GM.

Talking about Kalanick's investment, he and his girlfriend Angie You purchased a townhouse in the upper hills located at the San Francisco's Castro section. The townhouse was later called "the Jam Pad" and had its own Twitter account.

Kalanick’ Stepping Down as the CEO of UBER

On 21st June 2017, Travis stepped down as the CEO of the Uber surrendering to pressure from the majority of the investors after hectic six months of scandals and stumbles. Even though Kalanick is no longer the chief executive officer of UBER, he is still a member of the board.

 

Reportedly, he stepped down due to pressure from five of Uber’s largest investors.

 

Although the company had a reputation for defying rules and regulations, Uber faced a certain kind of crisis in February when its former employee published a blog post describing a situation of the workplace gender discrimination and sexual harassment.

Quick facts about Travis Kalanick

  • Travis Kalanick is a computer programmer and a businessman born on 6th August 1976 to Donald Kalanick.
  • Travis’ father was a civil engineer, and his mother worked in retail advertising for the Los Angeles Daily News.
  • Travis studied computer engineering at the University of California.
  • Travis Kalanick dated Gobi Holzwarth, a street violinist shortly and broke up in August 2016.

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