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Steve Case Net Worth, Biography & Wiki 2017
Stephen McConnell “Steve” Case was born on the 21st August 1958 in Honolulu, Hawaii USA, and is an entrepreneur and businessman, best known as the founder of the Revolution LLC Investment Company, and former chairman and CEO of AOL. He has been active in the business world since the 1980s.
Have you ever wondered how rich Steve Case is? According to sources, it has been estimated that Steve`s net worth is $1.5 billion, an amount he has acquired through his successful business ventures.
Steve Case Net Worth $1.5 Billion
Steve grew up in Honolulu with two brothers and a sister; his father was a lawyer – one of the founders of the law firm Case, Lombardi & Petit – and his mother was a teacher at an elementary school. Regarding his education, Steve attended the Punahou School, after which, in 1976, he enrolled at the private Williams College in Williamstown and graduated with a degree in political science in 1980.
Soon after he finished his education, Steve found a job at Procter & Gamble as an assistant manager, where he worked for two years. After that he joined Pizza Hut Inc. based in Kansas, as a manager of the new pizza marketing. These positions both contributed to the start of his net worth..
Steve`s brother Dan was at the time an investment banker, and knew a few people of importance, eventually introducing Steve to Bill von Meister, CEO of the Control Video Corporation. Steve was subsequently hired as a marketing consultant, and eventually became the full-time marketing employee. However, the Control Video Corporation went bankrupt, but a new company was born out of its remains – Quantum Computer Services – by Jim Kimsey. In 1985, Steve was appointed vice president of marketing, and two years later was promoted to executive vice president, which only increased his net worth.
Four years later, Steve became the CEO of the company, and in 1995 finally took charge as its chairman, after Kimsey decided to retire. Since then, the company has changed its name to America Online, and then shortened to AOL, and has immensely grown in its worth and popularity, and Steve’s net worth alongside it.
In 2001, it merged with Time Warner, to make the biggest ever media corporation in history, with a deal which valued the corporation at around $164 billion. However, after two years, the deal fell apart after a number of accounting scandals, and Case left AOL as its chairman, but stayed on the board of directors until 2005.
In 2005, Steve founded the Revolution LLC, an investment firm, alongside Donn Davis and Tige Savage, which further increased Steve`s net worth, and over the years, it has become the main source of his net worth. Some of the most notable investments of the company include ZipCar, which Revolution LLC bought for $500 million, and LivingSocial. Other investments include start-ups and companies such as BenchPrep, Optoro, Bigcommerce, and numerous others.
When it comes to his personal life, Steve was married to Joanne Barker from 1985 until 1996, having met while in college, and they have three children. Two years later, Steve married Jean Villanueva, who was an executive at AOL at the time. They live in McLean Virigina, in a house in which Jacqueline Bouvier spent her childhood. Steve`s children from previous marriage also live with them, as well as Jean`s child form her previous marriage.
Steve is also known for his philanthropic activities, as in 2011 he and his wife became members of the ‘The Giving Pledge’ founded by Bill Gates and Warren Buffett among others. Steve has also donated $10 million to the Punahou School.