Martin Lorentzon

Net worth over time

Biography

• Martin Lorentzon cofounded Spotify in 2006 with his friend Daniel Ek; they launched the streaming music service two years later.
• The service has more than 180 million users, 87 million of whom are paying subscribers.
• Via a dual-class share system, Lorentzon, a Swedish entrepreneur, owns 12% of the shares, but has 43% voting control.
• Lorentzon is a Silicon Valley-veteran who held senior roles at search engine Alta Vista in the 1990s; he took European ad network Tradedoubler public.
• Spotify listed its shares on the New York Stock Exchange in early April 2018 in an unusual direct listing, without the help of investment banks.
• Lorentzon and Ek, who initially bonded over their love of gangster flicks, get together once a year for a Godfather-trilogy marathon.

Financial assets