Marc Andreessen net worth is
People also search for
Marc Andreessen Net Worth, Biography & Wiki 2017
Marc Lowell Andreessen was born on the 9th July 1971, in Cedar Falls, Iowa USA. He is best known for being a software engineer and entrepreneur, who founded the Netscape Communications Corporation and the web browser Mosaic. His career has been active since 1993.
Have you ever wondered how rich is Marc Andreessen? Sources estimate that Marc’s net worth is over $700 million as of early 2016, with the main source of this amount of money being, of course, his career in the internet industry as a software engineer, and businessman.
Marc Andreessen is the son of Lowell Andreessen and his wife Patricia, raised in New Lisbon, Wisconsin, to where the family moved. While he was a boy, he became very interested in programming language. Initially he made his own video games, and later he decided to study Computer Science at the University of Illinois at Urbana-Champaign, from which he graduated with a BA degree in 1993. Side by side with his education, Marc worked at the National Center for Supercomputing Applications (NCSA).
Marc Andreessen Net Worth $700 Million
While working at the NCSA, Marc became with Eric Bina one of the founders of the first web browser Mosaic. He soon left the NCSA, and joined Enterprise Integration Technology in California, but when he met Jim Clark, the two started the Mosaic Communications Corporation, as Clark thought that the business would soon become successful. However, the University of Illinois was dissatisfied with the name of the company, since Marc created Mosaic browser while he was still at the University, and the two had to rename the company Netscape Communications, and its browser Netscape Navigator.
In no time, the company reached enormous popularity, which highly increased its value, and Marc`s net worth. It was eventually sold to AOL in 1999 for an incredible $4.2 billion, and Marc was named as the company`s CTO. However, Marc left Netscape the same year, and started a new company Loudloud, with fellow co-workers Ben Horowitz, is Sik-Rhee and Tim Howes. Loudcloud served essentially as a web hosting service, and two years later it was sold to Electronic Data Systems, which also appointed Andreesen company chairman. In 2003, the company changed its name to Opsware.
To speak further of his career, Marc and Ben Horowitz started an investment fund in 2005, and since then have invested in numerous start-up companies, so that they are now a successful investment fund with stakes in highly profitable tech companies such as Facebook, Twitter, Linkedin, Skype and many others, which has highly benefited Marc`s overall wealth.
He is also a big supporter of bitcoin, and has invested more than $200 million in its development. Because of his investments, he is a board member of Facebook, eBay and others.
Thanks to his successful career, Mark has earned several awards and recognitions, including that he was named in the top 100 innovators under 35 years of age by the MIT Technology Review TR 100 in 1999; in 2012 he was named by the Times magazine as one of the 100 most influential people in the world. Furthermore, the same year he received the Queen Elizabeth Prize for Engineering, by being one of the five web and internet pioneers.
Regarding his personal life, Marc Andreessen has been married to Laura Arrillaga, the daughter of one of the largest landowners in Silicon Valley, John Arrillaga, since 2006., and they have a son.