It is estimated that Jawed Karim has a net worth of $310 million. He is the co-founder of YouTube and the first person to upload a video on YouTube. He is a software engineer, investor, and Internet entrepreneur. So how did Jawed Karim build such a fortune? This post is about Jawed Karim net worth and we will also cover other details about him such as Jawed Karim’s career, early life, and earnings.
Who is Jawed Karim?
Jawed Karim is the co-founder of YouTube with his partners Steve Chen and Chad Hurley. Jawed Karim is an software engineer and Internet entrepreneur of Bangladeshi and German descent. His father was from Bangladesh & his mother was from Germany. He is a co-founder of YouTube and the first person to upload a video to the platform titled “Me at the zoo”.
With a master’s degree in computer science from Stanford University Jawed was also an early employee at PayPal. After the sale of his co-founded YouTube to Google, Jawed launched a venture capital fund. It made a number of early and successful investments. Airbnb saw it’s first outside investor as Jawed was one of the first outside investors in Airbnb, participating in the company’s April 2009 initial seed round.
Jawed Karim early life
Born on October 28,1979 in Merseburg, East Germany , Jawed Karim is of Bangladeshi ethnicity. At the age of two, Jawed and his family crossed the East-West German border to escape communist xenophobia. More details below:
|Jawed Karim Net Worth:||$300 Million|
|Date of Birth:||Oct 28, 1979 (42 years old)|
|Profession:||Engineer, Entreprenuer, Businessperson|
|Nationality:||United States of America|
Jawed Karim Career
Two of Jawed’s co-workers at PayPal were Chad Hurley and Steve Chen who all left in early 2005. When eBay acquired PayPal for $1.5 billion in cash in August 2002, Jawed made several million from the sale. The future billionaires Elon Musk (CEO of PayPal) and Peter Thiel, earned $175 million and $60 million from the sale, respectively. After leaving PayPal, they began meeting at Max’s Opera Cafe, a local coffee shop to brainstorm business ideas.
Apparently, Jawed pitched the idea of a website for people to upload and share videos when it was first launched in February 2005. He developed the YouTube concept and coded the first version of the website. Also, he appears in the very first video on Youtube. While visiting the San Diego Zoo, a friend named Yakov Lapitsky took the video titled “Me at the zoo”.
This 19 second video shows Jawed standing in front of an elephant group and briefly explaining its trunk. It was uploaded to YouTube by the user “Jawed” on Saturday, April 23, 2005 at 8:27 pm. After moving to the United States in 1992, his father took a job as a researcher at 3M and his mother was a professor at the University of Minnesota. He attended Central High School in Saint Paul, Minnesota.
His next destination was the University of Illinois at Urbana-Champaign, where he studied Computer Science. It was at this university that Marc Andreessen developed the first user-friendly web browser, Netscape. Jawed dropped out of college in his junior year to take a job at a Silicon Valley startup called PayPal. Karim continued his undergraduate coursework in his free time. He took online classes and some additional in-person classes at Santa Clara University.
Jawed Karim net worth
Jawed left the startup and enrolled in graduate school at Stanford University. This was shortly after co-founding YouTube, he accepted a smaller equity stake compared to his co-founders Chad Hurley and Steve Chen. He proceeded to turn YouTube into the world changing media empire. Google bought YouTube for $1.65 billion worth of stock. And Jawed still owned a fairly significant percentage of YouTube. Jawed received 137,443 of Google’s shares worth of $64 million on the day the deal closed. Google’s continued success and rising stock price is the result that the shares being worth more than $350 million today.
Each of his partners received roughly 700,000 shares of Google which were worth $345 million on the day the deal closed. Today those shares would be worth just under $2 billion had no shares ever sold. Jawed, Keith Rabois and Kevin Hartz launched a venture capital fund they called Youniversity Ventures, aka YVentures in March 2008. Through YVentures Jawed took part in Airbnb’s seed investment round in April 2009. They even invested in Reddit, Eventbrite and Palantir. To end th answer the question simple- Jawed Karim Net Worth $300 Million.