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What is Garrett Camp’s Net Worth?
Garrett Camp is a Canadian businessman and entrepreneur who has a net worth of $3.5 billion. Garrett Camp earned his first small fortune because the co-founder of the web-discovery device StumbleUpon. He grew to become a multi-billionaire because of his work on the mobility-as-a-service supplier Uber. Among his different ventures, Camp based the startup studio Expa and serves because the chairman of Mix, the successor of StumbleUpon.
At Uber’s peak non-public valuation, Garret’s net worth topped as a lot as $6 billion. On the day Uber went public in May 2019, his paper net worth ended the buying and selling day at $3.4 billion.
Early Life and Education
Garrett Camp was born on October 4, 1978 in Calgary, Alberta, Canada to an artist mom and an economist father. As a younger grownup, he went to the University of Calgary, from which he earned a bachelor’s diploma in electrical engineering in 2001. He went on to attend the college as a graduate scholar, finding out evolutionary algorithms and knowledge retrieval, amongst different areas. Camp obtained his grasp’s diploma in software program engineering.
StumbleUpon
While he was nonetheless in graduate college on the University of Calgary in late 2001, Camp co-founded the web-discovery device StumbleUpon with Geoff Smith, Justin LaFrance, and Eric Boyd. Credited as the primary web-discovery platform and personalised advice engine, the service used collaborative filtering to create digital communities of Web customers. In 2006, StumbleUpon relocated to San Francisco, California after receiving funding from Silicon Valley angel traders equivalent to Brad O’Neill, Tim Ferriss, Mitch Kapor, and Ram Shriram. The following 12 months, the platform was bought by eBay for $75 million; Camp and different traders ultimately purchased it again in 2009.
After shopping for the corporate again, Camp labored to develop StumbleUpon’s choices to incorporate cell phone app discovery and social networking. As CEO, he grew the corporate to greater than 100 staff and over 25 million registered customers earlier than resigning in 2012. Camp acquired StumbleUpon once more in 2015 when it was languishing in monetary debt. The platform was in the end shut down in mid-2018, with all person accounts being transitioned to Mix.com, a brand new web-discovery device constructed partially by means of Camp’s startup enterprise Expa.
Uber
During his tenure as CEO of StumbleUpon in early 2009, Camp co-founded the mobility-as-a-service supplier Ubercab with fellow businessman Travis Kalanick. The firm was based with the goal of providing inexpensive direct transportation providers to riders. Soon, Ubercab was rebranded as Uber. The firm launched its providers in San Francisco in mid-2010 with just some automobiles. By the tip of that 12 months, it raised over $1 million in enterprise capital. Uber went on to develop considerably over the next years, each throughout the United States and abroad. In 2012, the corporate launched its providers UberX, Uber SUV, and UberTAXI. The most vital change to Uber got here in early 2013 when CEO Travis Kalanick introduced a ride-sharing service that may let folks from the general public grow to be drivers by means of the Uber utility.
(Photo by Rob Kim/Getty Images)
Expa
Building on his decade-long expertise with startups, Camp based the startup studio Expa in 2013. Through the studio, he helps create and launch new corporations by offering beginning capital, technical recommendation, and workspaces to fledgling startups. In early 2014, Expa raised $50 million to fund the event and design of such startups. A few years later, the corporate raised $100 million. Expa is answerable for growing and launching such on-line corporations as Mix, Haus, and Cmd.
Eco
In his different endeavors, Camp created a cryptocurrency known as Eco. Unlike different types of cryptocurrency, which create a heavy pressure on the atmosphere, Camp intends Eco to be extremely power environment friendly in its token era and transaction verification processes.
Philanthropy
Beyond his company ventures, Camp has been concerned in some philanthropic actions. He is among the many many wealthy people to join the Giving Pledge, Bill Gates and Warren Buffett’s marketing campaign for very prosperous people to provide away nearly all of their fortunes to charitable causes throughout their lifetimes. Additionally, Camp created his personal Camp Foundation, a non-profit analysis group that works to help analysis within the fields of sustainability, environmental conservation, and infrastructure.
Controversy
Camp shouldn’t be with out his justifiable share of controversy, a lot of it stemming from Uber’s broadly documented mistreatment of its labor drive. The pushback grew to become even stronger in 2019 when Camp paid $72.5 million for an 11,000-square-foot mansion within the Trousdale Estates neighborhood of Beverly Hills. This buy was broadly decried by each activists and Uber staff, who spoke out in protest whereas demanding higher working circumstances for drivers of the corporate.
All web worths are calculated utilizing information drawn from public sources. When supplied, we additionally incorporate non-public suggestions and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as potential, until in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
