Adam Foroughi

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Adam Foroughi
Born
Iran
Education University of California, Berkeley (BA)
OccupationBusinessman
TitleCEO of AppLovin
TermDecember 2011–present

Adam Foroughi is an Iranian-born American billionaire businessman and the chief executive officer (CEO) of AppLovin, a mobile technology company.

Contents

Early life and education

Born in 1980, Foroughi's family emigrated to the United States to escape the destruction caused by Iraq-Iran War. [1] Arash grew up in Laguna Niguel, California, where his father Marty had a successful construction company. He attended Aliso Niguel High School and then went on to study at the University of California, Berkeley, earning a Bachelor of Arts in economics. [1]

Career

Upon graduating from Berkeley, Foroughi worked as a derivatives trader. Later, he founded two marketing companies before starting AppLovin. [1]

In 2012, Foroughi co-founded AppLovin along with friends John Krystynak and Andrew Karam. [2] [3]

On April 15, 2021, AppLovin became a public company after an initial public offering (IPO), with a total valuation of approximately $24 billion. [4] As a result of AppLovin's successful IPO, Foroughi's net worth rose to an estimated $2 billion. [5]

In 2023, Foroughi's total compensation from AppLovin was $83.4 million making him the eighth highest paid CEO in the US that year. [6]

References

  1. 1 2 3 "Adam Foroughi". Forbes.
  2. ↑ "AppLovin". Forbes. Retrieved October 16, 2016.
  3. ↑ Ha, Anthony (July 31, 2014). "Mobile Ad Startup AppLovin Says It Has Reached A $100M Revenue Run Rate". TechCrunch. Retrieved September 26, 2016.
  4. ↑ "Mobile gaming company AppLovin starts trading at $70, giving it a market cap of about $24 billion". CNBC. April 15, 2021. Retrieved April 15, 2021.
  5. ↑ Tucker, Hank. "AppLovin IPO Makes Cofounder Adam Foroughi A Billionaire With $2 Billion Stake". Forbes. Retrieved July 4, 2021.
  6. ↑ Paradis, Tim (June 18, 2024). "Here are the highest-paid CEOs in the US, some of whom have 9-figure compensation packages". Business Insider . Archived from the original on August 28, 2024. Retrieved August 31, 2024.


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