Net Worth: $1.2 Billion

About Drew Houston

Drew Houston is an internet entrepreneur with an estimated net worth of $1.2 billion. Houston founded the online backup and storage service Dropbox which he is best known for as Founder and CEO. He graduated with a degree in Computer Science from the Massachusetts Institute of Technology, where he was a member of the Phi Delta Theta fraternity. When he became member he met Arash Ferdowsi who co-founded Dropbox and would later become Chief Technology Officer of Dropbox. Drew was also named among the top 30 under-30 entrepreneurs by inc.com. Dropbox has been called one of the 20 best startups of Silicon Valley having raised $1.1 billion at a $10 billion valuation from investors and venture capital firms like Sequoia Capital and Accel Partners, as well as Goldman Sachs and BlackRock. Drew Houston is the #1533 richest person in the world currently and is the #486 richest person in the united states. Dropbox had 18 employees as of January 2010, 30 in the month of November 2010 and currently has 971 employees as of January 2015. The company has been valued in the billions of dollars according to technology social news site Techcrunch, and has been valued at the number by several other news and media outlets on the internet. According to worth of web Dropbox is worth $1,585,000,000 in web traffic alone. Its Enterprise Service is growing, Dropbox signed up more than 130,000 companies since 2013. Yet several mutual funds have since written down the value of their investments in the company, which reportedly reflected on declines among public competitors and the fact that it hasn’t raised money in nearly two years.