Home Biography & Net Worth Entrepreneur Sean Parker Net Worth

Sean Parker Net Worth

Sean Parker Net Worth 2020

Sean Parker is an American entrepreneur well known as the co-founder of Napster and also as the first president of Facebook. He has also co-founded online platforms such as Causes, Airtime.com, and Brigade and serves as the board member of Spotify and Yammer. One can find information about the life, career and net worth of Sean Parker in 2020 in this article.

Early Life & Biography

Sean Parker Net Worth 2020

Sean Parker was born on December 3rd, 1979, in Herndon, Virginia, the United States to an advertising broker Diane Parker and a U.S Govt. Oceanographer Bruce Parker. Parker developed a love for technology at an early age, and he learned to programme on Atari 800 through his father at the age of seven.

When Parker was 16, he hacked the network of Fortune 500 and was caught by his father. He was traced through his IP address and was sentenced to community service until he became 18. After completing high school, Sean interned for Freeloader and went on to develop a web crawler which earned him recruitment from the C.I.A.

Personal Life

Sean married singer and songwriter Alexandra Lenas on June 1, 2013, in an expensive wedding setup in which every guest was given a Lord of the Rings costume. The wedding was held in Big Sur, California and an amount of $10 million was said to be spent for the event. The couple has a daughter Winter Victoria Parker and a son Zephyr Emerson Parker born in 2013 and 2014 respectively.

Career, Awards & Nominations

In 1999, Sean along with his friend Shawn Fanning launched the Napster, a file-sharing platform for music. The app earned more than 10 million consumers within a year and is considered as the forerunner to iTunes. In 2002, he launched Plaxo, a social networking service, and an online address book. The service attracted over 20 million users, and in 2004 Parker was ousted by Plaxo’s financiers.

In 2004, he joined Facebook as its president and was said to have played a major role in the development of the social networking platform. He resigned from the company after he was arrested for drug possession in 2005, but was regularly in touch with Mark Zuckerberg, helping him with his project.

In 2010, Parker invested $15 million in Spotify, a Swedish streaming music service and was the main man behind the company’s launch in the United States in 2011. In 2011 he reunited with Fanning and found Airtime.com, a live video website with real-time sharing and communication.

In 2014, he founded Brigade, a civic technology platform with an initial funding of $9.3 million from his side and some additional amount from other investors. Sean Parker was listed number 5 on the Chronicle of Philanthropy’s 2014 Philanthropy 50 list.

Net Worth & Earnings

He has amassed a net worth of $2.8 billion through Facebook and his other self-made projects. The magazine lists him at number 924 in its 2018 billionaires list and 93 in their Richest In Tech 2017 list. He was also listed at number 9 in Forbes 2016 America’s Richest Entrepreneurs under 40. He is reported to have earned $85 million in 2012 through series E investment for Yammer and $75 million in 2013 through Private equity investment for NJOY, according to the richest.com.

Apart from being a successful businessman, Parker is highly credited for his philanthropy. He contributed $600 million for his Parker foundation in 2015 that will focus on Life Sciences, Global Public Health, and Civic Engagement. In 2016, he donated $250 million to the Parker Institute of Cancer Immunotherapy. In 2015, he generated more than $50 million through his Causes and donated it to more than 60,000 non-profit organizations.