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David Karp Net Worth, Biography & Wiki 2017
David Karp is a New York City-born American entrepreneur as well as a web developer, who is perhaps best known for being the founder and CEO of Tumblr, a short-form blogging platform. Born on 6 July 1986, Karp was a high school dropout, but is now one of the most noted personalities in the field of information technology. Being one of the most successful entrepreneurs in the IT world, David has been actively working as a web developer since 2000.
The popular personality named Best Young Tech Entrepreneur by the magazine BusinessWeek in 2009, one may wonder how rich is David Karp? As estimated by authoritative sources, David counts his net worth at an amount of $200 million as of mid-2016. It goes without saying that David has been able to amass his wealth being successful as a tech entrepreneur.
David Karp Net Worth $200 million
Raised on the upper west side of Manhattan, David was educated in Calhoun school where his mother taught science. He started learning html when he was only 11 years old, and even from then he started designing websites for businesses. Karp wanted to go to MIT for college education, so he started working on new projects and home-schooling with hopes to impress colleges. However, David never returned to school, as he began to work as a software engineer in several companies before turning into an entrepreneur and launching Tumblr. David started his career in software engineering as he interned for Fred Seibert, animation producer. Later, he started working at UrbanBaby as a head of product when he was only 17 years old. At the time, Karp had a small amount of equity in UrbanBaby which he sold in 2006, as UrbanBaby was sold to CNET in the same year, which added significantly to David’s present net worth.
In 2006, David started his own software consultancy company named “Davidville”, with Marco Arment joining as an engineer. Before long, Marco and David started working on a short blogging platform, and in February 2007, David launched Tumblr and it became a hit almost instantly as it gained 75,000 users within just two weeks of its launch. At the present, Tumbler hosts more than 302 million blogs. In 2013, Yahoo! Acquired Tumblr for the amount of $1.1 billion, while Karp still remains as the CEO of Tumblr. Obviously, this transaction was one of the most significant in adding to David’s net worth at the present.
Regarding his personal life, 30 year-old David is now leading a single life. He was previously in a relationship with psychology graduate and nursing student Rachel Eakley from 2009 until their break up in 2014, and he is now believed to be single. David enjoys investing personally and has invested in numerous companies including Sherpaa, Inc. and Superpedestrain, Inc. among others. For now, David has been enjoying his present net worth of $200 million as it caters to his daily life along with his personal decisions to invest.