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Arash Ferdowsi Net Worth, Biography & Wiki 2017
Arash Ferdowsi was born on the 7th October 1985 in Overland Park, Kansas USA, and is an entrepreneur who is best known for being a co-founder of the worldwide popular file hosting service – Dropbox. Until October 2016, Ferdowsi served as chief technology office of Dropbox, Inc after which he directed his focus on developing business applications. However, he is still actively involved in day-to-day company activities.
Have you ever wondered how much wealth this young IT visionary has accumulated so far? How rich Arash Ferdowsi is? According to sources, it is estimated that the total amount of Arash Ferdowsi’s net worth, as of early 2017, is a stunning sum of $400 million, acquired through his engagement of developing Dropbox service which was officially launched in 2008. It has been estimated that Ferdowsi owns around five per cent of Dropbox Inc. shares.
Arash Ferdowsi Net Worth $400 million
Arash was born into a family of Iranian immigrants. His interest in computers and programming dates back to his early age, when his father showed him the basic principles of QBasic computer language and integrated development environment. After matriculating from Blue Valley Northwest High School in his hometown, Arash enrolled at meritorious Massachusetts Institute of Technology (MIT) where he deepened his knowledge of programming and algorithms. However, in his final year, he decided to drop out after Drew Houston’s invitation to join him on his Dropbox project. Judging by his net worth today, Arash Ferdowsi made the right decision.
Alongside his classmate and business partner Drew Houston, in 2007 Arash launched Dropbox. The idea of creating a new file hosting service came after they were frequently forgetting to bring their USB flash drives to classes. Dissatisfied with existing similar services at that time, which were facing connectivity and internet latency issues, Drew began making something intentionally purposed for his personal use. When he realized the idea’s potential, he included Arash in the project, and the rest is history. Arash and Drew officially launched Dropbox at an annual tech conference – TechCrunch50 – in 2008. This marked the beginning of Arash Ferdowsi’s successful career in the IT industry which has since brought him an impressive amount of wealth.
Although in its beginnings, the service was funded by several venture capital firms such as Amidzad Partners, Sequoia Capital and Accel Partners, current Dropbox’s value is estimated at over $8 billion. For its ease of use and rather simple design, the service was honored with several rewards including MacWorld’s Editor’s Choice Award and Crunchie Award. Under the Arash careful guidance, as he was the company’s CTO ’til several months ago, the service is undertaking constant privacy and security improvements and records an unstoppable influx of new users. It is certain that this venture is still the main source of Arash Ferdowsi’s net worth.
Apart from all those mentioned above, with several MIT colleagues and friends, Arash has launched another project, a book exchanging service and website named [email protected] Judging by his past accomplishments, it has a bright future. Doubtlessly, this venture will made an impact at the overall size of Arash Ferdowsi’s net worth.
In his personal life, Arash apparently has little time for socializing, as there is no information about any relationship – not even rumours – so he obviously practices what he preaches in terms of privacy!