BillionaireNet
Houston
Drew Houston
Rank #1827
UNITED STATESTechnologyCloud storage service

Drew Houston

Net Worth
$2.154B
-0.98% (24h)
Drew Houston, born in 1983, is an American internet entrepreneur best known as the co-founder and CEO of Dropbox, a leading cloud storage service. His career began with an early aptitude for technology, starting to code at age five. Houston's net worth is approximately $2.3 billion. He co-founded Dropbox in 2007 with Arash Ferdowsi, after identifying the need for a reliable online file storage and synchronization service. Houston currently owns 3.09% of Dropbox. Dropbox's revenue in 2024 was $2.55 billion. Houston resides in Austin, Texas, and his philanthropic interests focus on digital equity and education. He has also been involved in civic and political activities, co-founding the lobbying group FWD.us. In 2020, Houston joined the board of directors of Facebook.

The Full Dossier

Early Life

Andrew W. Houston was born in Acton, Massachusetts, on March 4, 1983. From a young age, Houston displayed a strong interest in technology, starting to code at the age of five. He attended Acton-Boxborough Regional High School in the 1990s. Houston's early exposure to technology and his passion for problem-solving laid the foundation for his future entrepreneurial endeavors.

Rise to Success

Houston graduated from the Massachusetts Institute of Technology (MIT) with a degree in computer science. During his time at MIT, he co-founded an SAT prep company, demonstrating his early entrepreneurial spirit. The idea for Dropbox came to Houston in 2007 when he realized he had forgotten his USB drive. This frustration led him to develop a cloud-based file storage solution. He co-founded Dropbox with Arash Ferdowsi in 2007. The company gained rapid popularity, and by November 2012, Dropbox had over 100 million users worldwide. The cloud storage provider went public in 2018.

Key Business Strategies

Houston has emphasized simplicity and user-centric innovation in Dropbox's development. He recognized the importance of making the service easy to use and accessible, which contributed to its rapid growth. Dropbox adopted a freemium model, offering a basic free service with paid subscription options for increased storage and features. In February 2020, Houston joined the board of directors of Facebook.

Philanthropy

Drew Houston, along with his wife Erin, is focused on supporting education and entrepreneurship. He supports a mix of grassroots and institutional efforts. His philanthropic philosophy centers on empowering others to build, learn, and connect.

Career Timeline

2020

Joined Facebook Board

Joined the board of directors of Facebook.

2018

Dropbox IPO

Dropbox went public.

2012

Dropbox Reaches 100 Million Users

Dropbox reaches 100 million users.

2008

Dropbox Launch

Dropbox officially launched to the public.

2007

Co-founded Dropbox

Founded the cloud storage service with Arash Ferdowsi.

Philanthropic Impact

Education and EntrepreneurshipUndisclosed

Education and Entrepreneurship Support

Focuses on supporting education and entrepreneurial initiatives.

Wealth Trajectory