Travis Kalanick is counted as one of the most influential businessmen in the world. He became famous for his unique business thoughts. Today, we will discover the facts behind Travis Kalanick net worth, early life, and career.
Who is Travis Kalanick?
Travis Kalanick is an American businessman. He is well known as the co-founder of Uber, a multinational company that provides ride-hailing services, food delivery, and freight transport. Travis previously served as the chief executive officer (CEO) of this company from 2010 to 2017.
In 2017, Forbes magazine listed him at number 238 on their 400 list of richest Americans. Besides Uber, Travis is also involved in various businesses, including his investment in e-commerce and real estate in emerging markets.
Short Bio of Travis Kalanick
|Travis Cordell Kalanick
|August 6, 1976 (age 47)
|Los Angeles, California, U.S.
|5′ 10″(1.78 m)
Travis Kalanick Net Worth
Travis Kalanick’s net worth in 2024 is estimated to be 3.6 billion U.S. dollars. Being a successful entrepreneur and investor is the main reason behind this massive net worth.
He won one of the most influential companies in the world. Also, his investments return with a huge amount of profit. Besides these, Travis’s various career activities significantly impacted his financial status. Early Life
Travis Kalanick was born in Northridge, Los Angeles. He has two half-sisters and one half-brother from her father, Donald Edward Kalanick’s previous marriage. Travis’s mother, Bonnie Renée Horowitz Kalanick’s family immigrated to the U.S. in the early 20th century.
Travis started his high school at Granada Hills Charter High School. While attending high school, Travis worked as a salesman for Cutco, a direct sales company. At age 18, he co-founded a test preparation company named “New Way Academy” with the father of a classmate.
After completing high school, Travis enrolled at the University of California, Los Angeles (UCLA), and began studying computer engineering and business economics there. While at UCLA, he became a member of the Theta Xi fraternity. Later, Travis left university to work full time on a start-up, Scour Inc.
Sources behind Travis Kalanick Net Worth
Early Business Ventures
Travis Kalanick left university to work with Dan Rodrigues, founder of Scour Inc. It was mainly a multimedia search engine and a peer-to-peer file-sharing service. Travis started working there full-time as a sales and marketing manager. He continued this post until 2001.
Later, he founded Red Swoosh, a peer-to-peer file-sharing service-providing company with Michael Todd in 2001. At the end of this year, the company used approximately $110,000 of its payroll tax withholdings to fund day-to-day operations.
In 2002, Travis’s Red Swoosh was down to only two employees, Travis himself and engineer Evan Tsang. During this time, the company has difficulty securing funding. Later, Akamai Technologies acquired Red Swoosh for $19 million.
Travis earned $2 million from this deal and moved to San Francisco. There, he invested the money that he had made from the sale of Red Swoosh in tech startups like Crowdflower, Livefyre, Formspring, and Expensify. He also established a salon for young tech enthusiasts named “JamPad” in Castro District.
Travis co-founded Uber, a ridesharing company, with Canadian entrepreneur and one of his best friends, Garrett Camp. They created the idea for an app for smartphones. This app allows the user to hire luxury vehicles directly from their smartphone.
Two years later, Travis met with investor Bill Gurley. He secured an $11 million investment for 20 percent of Uber. By this, the company’s value stands at $50 million. Because of the quick and easy services, Ubar became a popular ride-sharing way in all over the United States.
In 2013, the company managed a huge amount of investment from Google Ventures, which made a valuation of $3.5 billion. With this much valuation, Uber entered into the list of tech giant companies in the United States.
In December 2016, Travis announced that he would leave the CEO position of the company and appointed several other high-profile CEOs as an economic advisor who would manage the company’s Strategic and Policy Forum.
Travis has been the CEO of the Ubar company since 2010, and he stepped down from his post on June 13, 2017. He resigned as CEO after five major investors, including Benchmark Capital. After the resignation, Kalanick retained his seat on Uber’s board of directors.
On December 24, 2019, Travis announced that he would step down from Uber’s board of directors the following year. Leading up to this announcement, Travis resigned from the board effective December 31, 2019 and sold off more than $2.5 billion of Uber stock holdings, which amounted to about 90% of his shares.
Travis earned a lot from this Ubar company. It ranked him 238th on the Forbes 400 list of richest Americans with a net worth of 2.6 billion USD in 2017.
After leaving Ubar, Travis invested $150 million in the redevelopment of distressed real estate assets company City Storage Systems (CSS). In 2018, he became CEO of the CSS’s subsidiary company, CloudKitchens, an online food ordering company.
Travis personally invested 300 million USD in this company. He also managed a 400 million USD investment agreement deal from Saudi Arabia’s sovereign wealth fund for the company. As of January 2022, Business Insider’s report states that CloudKitchens had raised new funding valued at $15 billion.
Travis Kalanick is not married yet. He started dating violist and business development manager Gabi Holzwarth in 2014. However, their relationship ended in 2016.
How much is Travis worth Uber?
Travis Kalanick’s net worth in 2024 is estimated to be 3.6 billion U.S. dollars.
How did Travis Kalanick become successful?
Travis Kalanick became successful through being involved in various billion-dollar businesses.
What is Travis Kalanick doing now?
Travis Kalanick has been serving as the CEO of CloudKitchens.
Travis Kalanick net worth is a result of his early successes. From the beginning, Travis applies his top skills to become an influential businessman and achieve a lavish financial status.