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What is Matt Mullenweg’s Net Worth and Salary?
Matt Mullenweg is an American on-line social media entrepreneur and net developer who has a net worth of $400 million. Matt Mullenweg is best-known because the lead developer of the free and open supply running a blog platform WordPress which is managed by The WordPress Foundation. He can also be the founding father of Automattic, Inc., the for-profit net growth arm of WordPress.com. In 2009 Matt reportedly turned down a $200 million supply to promote Automattic. In August 2019 Matt introduced that Automattic had acquired Tumblr for $3 million. He additionally introduced Automattic was buying 200+ Tumblr staff. His empire additionally operates Gravatar, Akismet, and Crowdsignal. Among his different endeavors, Mullenweg labored at CNET and co-founded the Global Multimedia Protocols Group, which wrote the primary of the microformats in 2003. As of this writing Automattic has raised $986 million over a dozen rounds and its most-recent valuation is $1.2 billion.
Early Life and Education
Matthew Charles Mullenweg was born on January 11, 1984 in Houston, Texas. As a young person, he went to the High School for the Performing and Visual Arts, the place he studied jazz saxophone. Mullenweg went on to attend the University of Houston as a political science main, however dropped out in 2004 to pursue his enterprise profession.
WordPress
While Mullenweg was a freshman in college in 2003, he and English developer Mike Little launched WordPress, a free and open-source content material administration system. Originally created for weblog publishing, the platform grew through the years to help numerous different varieties of net content material, together with mailing lists, media galleries, on-line shops, and studying administration programs. In late 2004, Mullenweg was recruited by CNET to convey WordPress to the web site and assist the corporate with blogs and different media choices.
Also whereas nonetheless in college, Mullenweg co-founded the Global Multimedia Protocols Group with Eric Meyer and Tantek Çelik. The group wrote the primary of the microformats, XFN, and developed strategies to characterize human relationships by the XHTML Friends Network.
Stephen McCarthy / SPORTSFILE
Automattic
In the summer time of 2005, Mullenweg based Automattic to function his rising portfolio of net providers. His first main model launched by the corporate was Akismet, which works to filter spam from on-line feedback, trackbacks, and make contact with kind messages. Shortly after that, Mullenweg launched WordPress.com, a platform for self-publishing that grew into the most well-liked host for running a blog on this planet. In early 2014, Mullenweg succeeded Toni Schneider as CEO of Automattic.
Since its founding, Automattic has expanded exponentially by elevating tens of millions of {dollars} in enterprise capital and making many high-profile acquisitions. It has added to its portfolio such manufacturers as Longreads, Gravatar, Sensei, Cloudup, WPScan, Newspack, and Jetpack. Other notable property embrace the microblogging and social networking web site Tumblr; the private journaling app Day One; and the know-how firm Parse.ly, which offers net analytics and content material optimization software program to on-line publishers.
Speaking Gigs
Beyond his entrepreneurial tasks, Mullenweg does common talking engagements at occasions world wide. He has offered at WorldCamp occasions, SxSW, the Lean Startup Conference, and YCombinator’s Startup School, amongst different locations.
Honors and Awards
Mullenweg has earned quite a few honors for his contributions to know-how and enterprise. In 2008, he acquired the Information Technology Innovator Award from Temple University. Over the following years, he appeared on a number of lists of probably the most influential folks on the net, together with lists by BusinessWeek, Business Insider, and Forbes.
Philanthropy
On the philanthropic facet of issues, Mullenweg helps such non-profit organizations because the Free Software Foundation, the Electronic Frontier Foundation, the Long Now Foundation, and the Innocence Project. He has additionally made main donations to the group Charity: Water and the “Bay Lights” artwork set up in San Francisco.
All web worths are calculated utilizing knowledge drawn from public sources. When offered, we additionally incorporate personal ideas and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as doable, until in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
