Rank #127
Adam Foroughi
Net worth $21.7B
advertising technology · United States
- Born
- May 07, 1980
- Age
- 46
- Source
- advertising technology
- Residence
- Truckee, California
- Citizenship
- United States
- Marital status
- Married
- Children
- 0
- Education
- Bachelor of Arts/Science, University of California, Berkeley
Net worth over time
Biography
- Adam Foroughi is the cofounder and CEO of AI-powered advertising technology company AppLovin.
- Based in Palo Alto, California, AppLovin was founded in 2011 and went public in 2021. Foroughi owns around 11% of its shares.
- Foroughi bootstrapped AppLovin for years without outside funding. KKR became its biggest backer with a $400 million investment in 2018.
- Foroughi was born in Iran a year after the 1979 Iranian Revolution and immigrated to California as a child.
- He became a derivatives trader after graduating from the University of California, Berkeley, and started two marketing companies before AppLovin.
Financial assets
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