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What is Marc Andreessen’s Net Worth?
Marc Andreessen is an entrepreneur, software program engineer, and investor who has a net worth of $2 billion. Marc co-authored Mosaic, the primary broadly used net browser. He grew to become world well-known and a multi-millionaire after co-founding Netscape.
He additionally co-founded the software program firm Opsware in addition to the social media community platform Ning.
In current years Andreessen has discovered huge success as a enterprise capitalist. He is a common accomplice of his personal enterprise capital agency, Andreessen Horowitz. He sits on the board of administrators of a number of firms together with Facebook and Hewlett Packard Enterprise.
Early Life, Education, and Mosaic
Marc Andreessen was born on July 9, 1971 in Cedar Falls, Iowa and was raised in New Lisbon, Wisconsin. His mother and father are Lowell and Patricia. For his larger training, Andreessen went to the University of Illinois at Urbana-Champaign. As an undergraduate, he interned twice at IBM in Austin, Texas, working within the AIX graphics software program growth group. Andreessen additionally labored on the University of Illinois’ National Center for Supercomputing Applications, the place he realized Tim Berners-Lee’s open requirements for the net.
At NCSA, together with Eric Bina, Andreessen helped creator the net browser Mosaic, which went on to turn into integral in popularizing the Internet for common use. Often thought of the primary graphical net browser, it was the primary to show pictures inline with textual content. Andreessen graduated from UIUC in 1993 with a bachelor’s diploma in laptop science.
Netscape
Following his college commencement, Andreessen moved to California to work at Enterprise Integration Technologies. He subsequently met with Silicon Graphics founder Jim Clark, who noticed nice potential within the Mosaic browser. The two then began the Internet software program firm Mosaic Communications Corporation, with Andreessen serving as vice chairman of know-how. Because the University of Illinois was sad with the corporate’s use of the identify Mosaic, Andreessen and Clark modified its identify to Netscape Communications. They additionally modified the identify of their flagship net browser to Netscape Navigator. Andreessen gained widespread recognition in 1995 when Netscape made its inventory launch. He was featured in quite a few publications, together with on the duvet of Time journal.
In 1999, Netscape was bought by AOL for $4.3 billion. As a contingent piece of the acquisition, Andreessen was named AOL’s chief know-how officer. That 12 months, he was named one of many prime 100 innovators on this planet beneath the age of 35 by the MIT Technology Review.
Loudcloud/Opsware
Later in 1999, following the acquisition of Netscape, Andreessen co-founded the software program firm Loudcloud with Tim Howes, Ben Horowitz, and In Sik Rhee. The firm provided computing, software program, and internet hosting companies to consumer-facing Internet firms. In 2003, Loudcloud bought its internet hosting enterprise to Electronic Data Systems and adjusted its identify to Opsware; Andreessen served because the chairman. Later, in 2007, Opsware was purchased by Hewlett-Packard for $1.6 billion.
Andreessen Horowitz
Between 2005 and 2009, Andreessen and his enterprise accomplice Ben Horowitz had invested a complete of $80 million in 45 startup ventures, together with Twitter. The pair shortly grew to become generally known as tremendous angel buyers. As a consequence, they based their very own personal enterprise capital agency, referred to as Andreessen Horowitz, in 2009. Located in Menlo Park, the agency makes investments in gaming, training, e-commerce, cloud computing, safety, and social, amongst different areas.
Andreessen Horowitz began with an preliminary capitalization of $300 million; inside three years, it grew to $2.7 billion. Its portfolio holdings embrace GitHub, Twitter, Facebook, Pinterest, and Foursquare. Additionally, the agency was a part of an investor group that bought a majority stake in Skype for $2.75 billion. The dangerous acquisition paid off in 2011, when Microsoft bought Skype for $8.5 billion.
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Other Business Interests
From 2008 to 2014, Andreessen sat on the board of administrators of eBay. He resigned from the board because of eBay’s choice to interrupt off its on-line funds with PayPal, which he adamantly opposed. Andreessen has gone on to serve on the boards of quite a few different firms, together with Facebook, Stanford Hospital, Oculur VR, OpenGov, and TinyCo. He is a private investor in firms together with LinkedIn and Raine. Andreessen additionally works as an advisor for the net and cellular software Asana, and serves on the advisory board for the deliberate megacity of Neom, Saudi Arabia.
Among his different endeavors, Andreessen was the co-founder and chairman of Ning, a social media community platform designed to assist people and organizations create customized social networks round particular pursuits. In 2011, Ning was purchased by Mode Media for round $150 million.
Criticisms
Andreessen has attracted criticism through the years for his ill-informed feedback. In early 2016, he was criticized for a tweet during which he urged that anti-colonialism has been dangerous to India and its individuals. Shortly after, he drew controversy for his assist of British journalist Milo Yiannopoulos, a rightwing political commentator identified for his hateful, racist, and sexist views.
Also in 2016, Andreessen acquired backlash for an expert battle of curiosity, during which he allegedly privately coached Facebook founder Mark Zuckerberg via a course of to win board approval for a inventory change, all whereas Andreessen served as an impartial board member representing stockholders. Facebook shareholders filed a category motion lawsuit to dam Zuckerberg from creating a brand new class of non-voting shares.
Personal Life
In 2006, Andreessen wed philanthropist Laura Arrillaga. Laura’s father is the late Silicon Valley actual property billionaire John Arrillaga, who additionally based the Silicon Valley Social Venture Fund. Together, they’ve a son named John.
Real Estate
In October 2021, Marc and Laura paid $177 million for an unbelievable 7-acre, clifftop property in Malibu. This buy set the document for most-expensive dwelling sale in California historical past.
In March 2022 Marc and Lara paid $44.5 million for a second Malibu seashore dwelling. This dwelling sits straight on the seashore with 130 feet of ocean frontage on two parcels with a 7,000 square-foot mansion that has 4 bedrooms, 4.5 bogs and parking that may accommodate 14 vehicles.
Up in Northern California Marc and Laura personal a mansion in Atherton, California which they bought for $16.6 million in 2007.
In 2021 they paid $36 million for a vacant lot within the Las Vegas suburbs.
All internet worths are calculated utilizing information drawn from public sources. When supplied, we additionally incorporate personal suggestions and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as attainable, except in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button beneath.
