Foroughi

Rank #92

UNITED STATES•Technology•Marketing software, mobile games

Adam Foroughi

Net Worth

$25.135B

+5.63% (24h)

Adam Foroughi is an Iranian-American billionaire businessman and the CEO and co-founder of AppLovin, a leading mobile technology company. Born in 1980, he immigrated to the United States with his family to escape the Iraq-Iran War. After graduating from the University of California, Berkeley with a degree in economics, Foroughi worked as a derivatives trader before launching two marketing companies. In 2012, he co-founded AppLovin, which has since become a global enterprise. AppLovin went public in 2021, and Foroughi's net worth is currently estimated at $24.44 billion, primarily from his stake in the company. Foroughi has also founded Lifestreet Media and Social Hour.

The Full Dossier

Early Life

Adam Foroughi was born in Tehran, Iran, in 1980. His family emigrated to the United States to escape the Iraq-Iran War when he was a child. He grew up in Los Angeles, where his father owned a successful construction company. Foroughi studied economics at the University of California, Berkeley.

Rise to Success

After graduating from Berkeley, Foroughi worked as a derivatives trader. He later founded two marketing companies. In 2012, Foroughi co-founded AppLovin with John Krystynak and Andrew Karam. The company provides a platform for developers to monetize their mobile apps through advertising and in-app purchases. AppLovin went public in April 2021.

Key Business Strategies

Foroughi's key business strategies include the development of a comprehensive ecosystem for mobile developers, strategic acquisitions such as MoPub and Machine Zone, and a focus on AI-driven advertising. He has been instrumental in building the company into a comprehensive ecosystem for mobile developers worldwide.

Philanthropy

While specific amounts are not readily available, Foroughi is known for philanthropic efforts. He has donated to various charitable organizations.

Career Timeline

2021

AppLovin IPO

AppLovin became a public company with a valuation of $24 billion.

2018

Ernst & Young Entrepreneur of the Year Award

Received the Ernst & Young Entrepreneur of the Year Award.

2012

Co-founded AppLovin

Co-founded AppLovin.

2008-2010

CEO, Co-Founder

Co-founded Social Hour.

2005-2008

Co-Founder and Director of Business Development

Co-founded LifeStreet Corporation.

2002-2003

Trader

Worked as a derivatives trader at Cutler Group, LP.

Philanthropic Impact

Charity$XB

Various Charitable Organizations

Donated to various charitable organizations