Dara Khosrowshahi Net Worth 2024

What is Dara Khosrowshahi’s Net Worth and Salary?

Dara Khosrowshahi is an Iranian-American businessman and CEO who has a net worth of $250 million {dollars}. On August 27, 2017, Dara was introduced as the brand new CEO of journey sharing firm Uber. Before turning into CEO of Uber Dara was the CEO of Expedia Group, an internet journey procuring firm that owns quite a few journey fare aggregators. Khosrowshahi additionally sits on the board of administrators of Hotels.com and BET.com, and previously served on the board of the New York Times Company.

Salary and Stock Holdings

In 2015, Dara earned $94.6 million from Expedia, making him the best paid CEO on the planet. He earned one other $90 million in 2016 which made him the third highest paid CEO on the planet.

His annual base wage at Uber is $6.7 million. Upon becoming a member of Uber, Dara owned $85 million value of vested Expedia inventory choices. He left behind an estimated $160 – $200 million in unvested inventory choices on the desk when he left Expedia for Uber. To make up for this loss, Uber provided Dara a pay package deal that might in the end exceed $200 million in incentive compensation.

On May 10, 2019 Uber turned a public firm. Khosrowshahi’s employment contract entitles him to obtain an estimated $100 million bonus if Uber’s valuation hit $120 billion and stays there for no less than 90 days, or if the corporate occurs to be offered outright for that determine.

Early Life and Career Beginnings

Dara Khosrowshahi was born on May 28, 1969 in Tehran, Iran because the youngest of three youngsters of Muslim mother and father Asghar and Lili. He was born into wealth, as his family had based the diversified conglomerate group Alborz Investment Company. Just earlier than the Iranian Revolution in 1978, his family was focused for its fortune; because of this, Khosrowshahi’s mom selected to depart behind every part and flee the nation. The family ended up first in southern France, after which within the United States, the place they moved in with a relative in Tarrytown, New York. There, Khosrowshahi went to the Hackley School, a non-public college preparatory establishment. He subsequently enrolled at Brown University, from which he graduated in 1991 with a BS diploma in electrical and electronics engineering.

Following his commencement from Brown, Khosrowshahi joined the funding financial institution Allen & Company as an analyst. He spent seven years there, after which left to work for one among his former purchasers, Barry Diller. Khosrowshahi first labored at Diller’s USA Networks, serving as senior vp for strategic planning earlier than turning into president. Later, he served because the chief monetary officer of Diller’s holding firm IAC.

Expedia

In 2001, IAC bought the web journey company Expedia; 4 years later, Khosrowshahi took over as CEO of its guardian firm, Expedia Group. Among the web sites owned by the group are journey fare aggregators comparable to Hotels.com, Hotwire.com, Travelocity, trivago, and Orbitz. In 2015, Expedia gave Khosrowshahi $90 million in inventory choices as a part of an employment settlement contingent on him staying with the corporate till 2020.

During his tenure at Expedia, Khosrowshahi was one of many highest paid CEOs within the United States. Moreover, Expedia skilled vital progress, with the gross worth of its journey bookings greater than quadrupling and its pre-tax earnings greater than doubling. The firm additionally expanded its presence to over 60 international locations world wide.

Uber

In August of 2017, Khosrowshahi succeeded firm founder Travis Kalanick as CEO of Uber. Although he forfeited his unvested Expedia inventory choices, which have been value $184 million, Uber reportedly paid Khosrowshahi greater than $200 million to take the position of CEO. His candidacy, nevertheless, was fraught with controversy, because the preliminary frontrunners Jeff Immelt and Meg Whitman turned victims of poor shows and deadlocked votes. Eventually, the personal fairness agency Benchmark, which had helped within the effort to push out Kalanick, promised to drop a lawsuit towards the founder if the corporate named Whitman as the brand new CEO. Many learn this as blackmail, in the end resulting in Khosrowshahi’s election.

At Uber, Khosrowshahi’s predominant job was to rehabilitate the picture of the corporate, which had turn into mired in dangerous press over revelations about its immoral company tradition. It had been closely criticized for ignoring or evading native rules; making an attempt to sabotage rivals; deceptive drivers about their earnings; and never informing riders about knowledge breaches. Additionally, the corporate confronted a number of allegations of sexual harassment from workers. In May of 2019, Khosrowshahi led Uber in its inventory launch.

Politics and Axios Controversy

Khosrowshahi has been concerned in some political actions over time. In 2016, he made donations to the Hillary Victory Fund and the Democratic National Committee, and likewise donated to the campaigns of Washington Democratic Senator Patty Murray and Republican Senator Mike Lee.

In an interview with information web site Axios in 2019, Khosrowshahi stirred controversy when he in contrast the political assassination of Saudi journalist Jamal Khashoggi to the loss of life of Elaine Herzberg by a self-driving Uber automobile. Specifically, he drew heavy criticism for calling them each “errors” that might “be forgiven.” The purpose for this declare was that he was appeasing the Saudi authorities, which invests in Uber and has illustration on its board of administrators.

Personal Life and Relatives

From his first marriage to Kathleen Grant, which lasted till 2009, Khosrowshahi has two youngsters: a son named Alex and a daughter named Chloe. Following their divorce, he married former preschool instructor and actress Sydney Shapiro in 2012. Together, they’ve twin sons named Hugo and Hayes.

Many of Khosrowshahi’s kin are additionally rich entrepreneurs. His uncle Hassan is a billionaire investor and the founding father of Future Shop, whereas his cousin Amir co-founded the synthetic intelligence software program firm Nervana Systems. Another cousin named Golnar based the music publishing firm Reservoir Media. Additionally, Khosrowshahi’s relative Darian Shirazi is the founding father of the software program firm Radius.