Bloomberg Billionaires Index

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#470 Travis Kalanick $4.17B

Random fact: Learned how to code in sixth grade on a Commodore 64.


Kalanick is a co-founder of Uber Technologies, America's most highly valued startup. The San Francisco-based mobile car-booking service is closely held and operates in more than 600 cities. Its shareholders sold $8 billion worth of equity at a $48 billion valuation in December 2017 to a group of investors led by SoftBank.

As of June 20, 2018:
Last change No change
YTD change -$572M (-12.1%)
Industry Technology
Biggest asset Uber Technologies
Citizenship United States
Age 41
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Travis Kalanick's net worth of $4.17B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Kalanick's fortune is derived from closely held mobile car-booking service Uber Technologies, which sold about $8 billion of existing shares at a $48 billion valuation in December 2017, according to a Bloomberg News article on Dec. 28, 2017. As part of the deal, the company also sold $1.25 billion of new shares at a $69 billion valuation, matching the implied price from a July 2016 fundraising round. Bloomberg's analysis uses a blended $54 billion valuation for the business.

Kalanick owns about 7 percent of the company's stock after selling around a third of his stake to Softbank and other investors, according to a Jan. 5, 2018 Bloomberg News article.

A discount of 15 percent is applied to the $54 billion valuation of Uber to account for typical discounts that startups attract on the secondary market, according to two brokers who asked not to be identified because the information is private. 

Prior to Dec. 29, 2017, Uber was valued using the $69 billion valuation. The change to the lower valuation resulted in a drop of about $1 billion to Kalanick's net worth on that date.

The value of his cash investments is based on the transaction with Softbank, after taxes. Calculated tax implications of the sale resulted in a $500 million fall to his net worth calculation on Jan. 18, 2018.

The San Francisco-based company is America's most valuable startup, according to researcher CB Insights.

Uber was investigated during 2017 after allegations of harrassment, discrimination and potential criminal activity, and Kalanick resigned a week after the results were announced. He was sued by investor Benchmark Capital in August 2017.

Uber didn't respond to emailed requests for comment on Kalanick's net worth.


Birthdate: 8/6/1976
Family: Single, No children

Travis Kalanick was born on Aug. 6, 1976, in Los Angeles, and grew up in the city's Northridge neighborhood. He learned to code in sixth grade and studied computer engineering at the University of California in Los Angeles. He dropped out of college to start file sharing application Scour, a multimedia peer-to-peer search engine, with a few classmates in 1998.

The company was sued by the Motion Picture Association of America, the Recording Industry Association of America and the National Music Publishers in July 2000. Scour filed for bankruptcy three months later, after which Kalanick started media distributor Red Swoosh. Akamai Technologies acquired the company for $15 million, according to an April 2007 press release.

With Garrett Camp, he founded mobile car-booking service Uber in 2009. The service debuted as an iPhone application in June 2010 and now operates in more than 250 cities in 50 countries. The company has faced controversies and legal challenges in several cities around the world since then including New Delhi, where a driver was convicted of raping a passenger in December 2014. 

The board commissioned a probe into workplace violations in 2017 after allegations of harassment, discrimination and potential criminal activity. The results of the investigation, which was led by former U.S. Attorney General Eric Holder, were announced on June 13, 2017. A week later Kalanick resigned as CEO though he remains on the board of the company. Investor Benchmark Capital sued Kalanick in August 2017 in an attempt to get him to relinquish the three board seats he controls.

Uber shareholders agreed to sell $8 billion worth of shares to an investor group led by SoftBank in December 2017 at a $48 billion valuation, a steep discount to the $69 billion valuation the company received in a July 2016 fundraising round. Kalanick sold 29 percent of his stake for $1.4 billion as part of the sale, according to a Jan. 15, 2018 article by Bloomberg News.

Kalanick is single and lives in San Francisco where Uber is based.

  • 1976 Travis Kalanick is born in Los Angeles.
  • 2001 Creates file sharer Red Swoosh.
  • 2009 Co-founds Uber with Garrett Camp.
  • 2014 Uber raises $1.2 billion at a $40 billion valuation.
  • 2014 An Uber driver is accused of raping a passenger in Delhi.
  • 2016 Rival Didi buys Uber's China operations.
  • 2017 Resigns as Uber's CEO following results of workplace harassment probe.
  • 2017 Sells 29 percent of Uber stake for $1.4 billion.