Uber just collected a very rich fare.
Today the Wall Street Journal reported that the San Francisco-based car service company raised $1.2 billion from BlackRock, Fidelity Investments and Wellington Management (Google Ventures, Kleiner Perkins Caufield & Byers, Menlo Ventures and Summit Partners pitched in, too). The new valuation? $18.2 billion.
At $18.2 billion Kalanick would need to own only 5.49% of Uber to hit a net worth of $1 billion.
Chances are he’s worth even more. Private company data provider VC Experts sent my colleague Ryan Maca copy of Uber’s Restated Certificate of Incorporation that the company filed in Delaware today. VC Expert’s Justin Byers crunched the numbers to reveal that common shares (stock usually held by the founders and maybe some angel investors) account for about 38% of Uber’s total share count—109 million common shares out of a total of 289 million. Kalanick told the Wall Street Journal that he never sold a share. As a cofounder and CEO it’s easy to imagine Kalanick owns at least 10% of Uber. That would put him close to the $2 billion mark–and earn him a spot on the Forbes 400 list of the richest Americans. In fact, once we learn more about Uber’s ownership structure—there’s a good chance that cofounder Garrett Camp (who has a smaller role—and public profile—than Kalanick) will earn his way into the billionaire club, too.
Uber CEO Kalanick Likely A Billionaire After $18.2 Billion Valuation.
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