Who would have thought that a college dropout could eventually earn a net worth of $6 billion? As per Celebrity Net Worth, Uber's co-founder Travis Kalanick is one of the most successful dropouts in his times. At the age of 39, he is now worth billions.
Born in LA on August 6, 1967, Kalanick studied computer engineering at UCLA, but he eventually dropped out in 1998. By doing so, he found the multi-media search engine and an easy file exchange service, Scour Inc and Scour Exchange. This became a hit as it utilized videos and images on its site. It may have become a hit but it eventually filed bankruptcy in the year 2000 because of a lawsuit that was filed against the company. Three companies filed the lawsuit against the company namely Motion Picture Association of America, the Recording Industry Association of America, and the National Music Publishers Association.
The bankruptcy however didn't stop Kalanick from pursuing what he loved; he then started Red Swoosh, which is a file sharing software. It is an improved version of Scour Exchange because of its increased bandwidth efficiency. It allows the users to transfer a nigger amount of media files such as photos, music, and videos. It was then bought by Akamai Technologies for $19 million in 2007.
Kalanick then founded his gem when he created Uber along with his partner which is the founder of StumbleUpon, Garret Camp back in 2009. Uber was originally called UberCab, they started the company with only $200,000 in which they received as a seed funding. It then started to grow the following year when they transferred to San Francisco, and Kalanick became Uber's CEO.
Uber was then able to raise $37 million in series. They then started to grow and bought the company to New York in May, 2011. By the end of the 2011, Uber successfully raised $37 million in series B funding. The company then expanded internationally by bringing Uber to Paris, and eventually launched in London in July 2012. After London Uber started to grow globally, they now tackle more than 150 countries.
