What is Michael and Xochi Birch’s Net Worth?
Michael and Xochi Birch are an IT couple who has a net worth of $390 million. British-born Michael Birch and his American spouse Xochi Birch have co-founded a number of corporations since 1999, most notable being the web social networking web site Bebo. Xochi and Michael united their abilities as laptop programmers and entrepreneurs to launch the social networking web site Bebo in 2005. The web site noticed enormous development by 2007, when it had greater than 45 million registered customers, thus surpassing AOL, Amazon.co.uk and bbc.co.uk to turn into the sixth hottest web site within the U.Okay.
In 2008, the couple determined to promote Bebo to AOL for $850 million, after which their mixed 70% share generated revenue of $595 million from the deal. After the sale, they turned the earnings into 5 totally different corporations that they run concurrently. In the meantime, Bebo went bankrupt beneath its new homeowners, and the pair re-acquired the franchise for under $1 million in 2013. As for his or her present challenge, it is an unique members membership in San Francisco referred to as The Battery, with a imaginative and prescient “to create a tradition the place inspiration is embraced, numerous communities come collectively and egos are checked on the door.” Furthermore, they’re lively charity supporters, most notably of the non-profit group charity:water.
All internet worths are calculated utilizing knowledge drawn from public sources. When offered, we additionally incorporate personal ideas and suggestions obtained from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as attainable, until in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
