$300 million is internet entrepreneur Jawed Karim net worth. Jawed Karim’s most famous role is as one of the founders of YouTube. Jawed founded a venture capital firm after selling YouTube to Google, and this fund has invested in Jawed since its inception and generated returns many times over. Participated in Airbnb’s Seed Round in April 2009, making him one of the company’s first outside investors.
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Jawed Karim Early Life
Jawed Karim was born on 28 October 1979 in Merseburg. East German Her ethnicity is Bangladeshi. Jawed and his family escaped communism when he was 2 years old by traveling across the border between East and West Germany. His family moved to the United States in 1992. His mother, a biologist, joined the faculty at the University of Minnesota. while his father, a researcher, accepted a position at 3M. Jawed is a student at Saint Paul, a high school in Minnesota. He then enrolled in a computer science program at the University of Illinois at Urbana-Champaign. It is interesting to note that Marc Andreessen created Netscape, one of the first web browsers. which can be easily navigated in this same university. Jawed dropped out of school at the start of his sophomore year to work as an entry-level employee at a small Silicon Valley business called PayPal. He continued his college studies at Santa Clara University in his free time, taking several in-person seminars and several online courses. jawed karim net worth
PayPal
Jawed worked with Chad Hurley and Steve Chen at PayPal.
eBay purchased PayPal in August 2002 with a $1.5 billion cash purchase. The deal earned millions of dollars for Jawed and Peter Thiel, the would-be billionaire who oversaw him at PayPal, receiving $175 million and $60 million, respectively, from the sale.
Jawed, Chad, and Steve all left PayPal in early 2005 to discuss the company’s ideas. So they started hanging out at Max’s Opera Cafe, a nearby deli and coffee shop.
Legend has it that Jawed came up with the original idea for a website where users could upload and share films. jawed karim net worth
YouTube
Jawed created the first version of the YouTube website, which launched in February 2005, and created the idea for the platform. He also starred in one of the first YouTube videos ever posted “I’m at the Zoo” while visiting the San Diego Zoo. In the 19-second clip, Jawed is seen standing in front of the elephant and giving a short explanation. About their trunks, published on YouTube on Saturday, April 23, 2005 at 20:27, under the account “Jawd”: jawed karim net worth
Google Sale
Jawed decided to leave the company shortly after co-founding YouTube to attend graduate school at Stanford University. As a result, he has a lower share position than his co-founder.
After all, Steve Chen and Chad Hurley built YouTube into the highly influential media company we all use and know today.
Even after leaving the company, Jawed retained a majority stake in YouTube when it was acquired by Google in October 2006. Google paid $1.65 billion to buy YouTube shares.
Jawed received 137,443 Google shares worth $64 million on the closing day of the sale. Let’s say he doesn’t sell any shares. Those shares are now worth more than $350 million before taxes, thanks to Google’s continued success and rising share price.
On the day the sale closed, Steve Chen and Chad Hurley each received about 700,000 shares of Google stock, worth $345 million. Those shares would be worth at least $2 billion today. jawed karim net worth
Other Investments
Youniversity Ventures, also known as YVentures, is a venture capital fund founded by Jawed, Keith Rabois, and Kevin Hartz in March 2008. In April 2009, Jawed participated in Airbnb’s seed funding through YVentures. Eventbrite, and Reddit. jawed karim net worth