Alex Shevchenko

Net Worth

$1.869B

0% (24h)

Alex Shevchenko is a Canadian entrepreneur, best known as the co-founder of Grammarly, an AI-powered communication assistant. Born in Ukraine and educated at the University of Toronto's Rotman School of Management, Shevchenko's career began with the creation of MyDropBox, a plagiarism detection company that was later acquired. In 2009, he co-founded Grammarly with Max Lytvyn and Dmytro Lider. As Product Lead, he has played a crucial role in the company's growth, leading to a valuation of billions. As of 2024, Shevchenko's net worth is estimated to be $1.9 billion, making him a self-made billionaire. Shevchenko is also on the board of FarmTogether. Shevchenko obtained Canadian citizenship and currently resides in San Francisco, California.

The Full Dossier

Early Life and Education

Alex Shevchenko was born in Ukraine and moved to Canada in his early twenties. He earned a BBA from the International University in Vienna, Austria and an MBA from the University of Toronto's Rotman School of Management. He is fluent in English, Russian, and Ukrainian.

Rise to Success: MyDropBox and Grammarly

In 2006, while still a student, Shevchenko founded MyDropBox, a plagiarism detection company. The company was a success, serving over 2 million students and was later acquired by Blackboard Inc. This early venture laid the foundation for his future success.

In 2009, Shevchenko co-founded Grammarly with Max Lytvyn and Dmytro Lider. Grammarly is an AI-powered communication assistant designed to improve writing. The company was initially intended to help students with grammar and spelling, but it quickly expanded to help everyone who uses English in their everyday life.

Key Business Strategies

Shevchenko's leadership at Grammarly focuses on product strategy and innovation. He emphasizes a user-first approach, and the company now serves over 40 million users and 50,000 organizations. Grammarly's success can be attributed to its ability to adapt and expand to a global audience, serving a diverse user base.

Philanthropy

Shevchenko is a board member for FarmTogether, a technology-enabled farmland investment platform. He has also been a devoted meditator for over two thousand days in a row.

Career Timeline

2021

Grammarly Funding Round

Grammarly raised $200 million with a valuation of $13 billion from investors including Baillie Gifford and BlackRock.

2009

Co-founded Grammarly

Co-founded Grammarly with Max Lytvyn and Dmytro Lider.

2007

MyDropBox Acquisition

MyDropBox was acquired by Blackboard Inc.

2006

Founded MyDropBox

Created the technology for MyDropBox, a plagiarism detection company, while studying in Toronto.

Philanthropic Impact

InvestmentUndisclosed

FarmTogether Board Member

Serves on the board of FarmTogether, a technology-enabled farmland investment platform where he's a seed investor.