Adam Foroughi | |
---|---|
Born | |
Nationality | American |
Occupation | Businessman |
Title | CEO of AppLovin |
Term | December 2011–present |
Adam Foroughi is an Iranian-born American billionaire businessman and the chief executive officer (CEO) of AppLovin, a mobile technology company.
Born in 1980, Foroughi's family emigrated to the United States to escape the destruction caused by Iraq-Iran War. [1] Adam grew up in Los Angeles, California, where his father had a successful construction company. He studied at the University of California, Berkeley, earning a B.A. in economics. [1]
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, up 79,783% from the previous year and representing a CEO-to-median worker pay ratio of 795-to-1 for the company, as well as making Foroughi the eighth highest paid CEO in the US that year. [6]
Adam is married and has 5 children.
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