Net Worth: $500 Million

About Alexander Ljung

Alexander Ljung is an internet entrepreneur with an estimated net worth of $500 million. Alexander Ljung co-founded the popular music social network that attracts more than 175 million unique monthly listeners, while content creators upload about 12 hours worth of audio every minute. Along with co-founder Alexander, Eric Wahlforss also founded the music network who is also worth an estimated $500 million. Soundcloud was reportedly valued at $700 million by complex in 2014 and we estimate that it values around $1 billion currently giving respectively equal share to both co-founders. Swedish sound designer Ljung and Swedish artist Wahlforss were initially aspired to allow musicians to share recordings with each other, but the concept later transformed into a full publishing tool that also allowed musicians to distribute their music tracks throughout the platform. With backgrounds both in music soundcloud evolved into an enormous website going viral throughout the entire internet and was soon offered everywhere in app store’s. The rapid growth of the company brought the website’s ranking all the way at the 162nd spot according to Alexa. Soundcloud lanugh 7 years ago and now had 40 million registered users throughout the world with hundreds of thousands of active users monthly generating millions of dollars. The company respectively got an amount of $158.32 million in funding by 9 investors in 5 rounds according to crunchbase.