Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#271 Travis Kalanick $5.87B

Random fact: Says he's never sold any shares in Uber.

Overview

Kalanick co-founded Uber Technologies, a closely held mobile car-booking service operating in more than 500 cities. The San Francisco-based company is the world's most highly valued startup, raising $1 billion at a $69 billion valuation in a 2016 financing round. He resigned as chief executive officer on June 21, 2017.

As of Aug. 20, 2017:
Last change No change
YTD change -$785M (-11.8%)
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 $5.87B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Kalanick's fortune is derived from closely held mobile car-booking service Uber Technologies, which achieved a $69 billion valuation during a July 2016 fundraising round. The San Francisco-based company is the world's most valuable startup, according to researcher CB Insights.

Kalanick owns about 10 percent of the business, according to an August 2017 lawsuit filed by investor Benchmark Capital. Before Aug. 11, 2017, Kalanick was credited with a 12 percent stake based on an analysis of the company's share structure. A discount of 15 percent is applied to account for typical discounts that similar startups attract on the secondary market, according to two brokers who asked not to be identified as the information is private.

Uber didn't respond to e-mailed requests for comment on Kalanick's net worth.

Biography

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 harrassment, 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.

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

Milestones
  • 1976 Travis Kalanick is born in Los Angeles.
  • 1998 Drops out of UCLA to start search engine Scour.
  • 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 following results of workplace harrassment probe.