Shawe

Rank #2436

UNITED STATES•Technology•Translation services, AI

Phil Shawe

Net Worth

$1.68B

0% (24h)

Phil Shawe, co-founder and co-CEO of TransPerfect, is a self-made billionaire whose net worth is primarily derived from his ownership of the translation services and AI company. Shawe's wealth source is the translation industry, where he has led TransPerfect to become the world's largest provider of language and business services. His career began with the founding of TransPerfect in 1992, and his achievements include building a global business and achieving a 99% ownership stake in the company. Shawe's leadership has been key in driving innovation and expansion within the technology and language services industry.

The Full Dossier

Early Life

Phil Shawe's early life is not extensively documented publicly, but he co-founded TransPerfect in 1992 while at New York University (NYU).

Rise to Success

Shawe co-founded TransPerfect with Liz Elting, starting in a dorm room. The company expanded to become a global leader in translation and language services. A pivotal moment was the 2018 buyout of his co-founder's stake for $770 million after a court-ordered auction, which solidified his control.

Key Business Strategies

Shawe's key strategies include focusing on organic growth and strategic acquisitions. He has spearheaded TransPerfect's expansion into AI-driven language tools, securing major clients like Microsoft and U.S. government agencies. Shawe has also been a vocal advocate for corporate governance reform.

Philanthropy

Shawe has been involved in philanthropy, supporting various causes, including Girls Who Code and cancer research through the V Foundation for Cancer Research. TransPerfect has contributed nearly $2 million to cancer research initiatives.

Career Timeline

2025

Revenue of $1.32 Billion

TransPerfect's revenue reached $1.32 billion.

2024

Revenue of $1.23 Billion

TransPerfect's revenue reached $1.23 billion.

2018

Bought out Co-founder

Acquired full ownership of TransPerfect.

2008

Named Entrepreneur of the Year

Awarded Entrepreneur of the Year for New York City by Ernst & Young.

1992

Co-founded TransPerfect

Founded TransPerfect with Liz Elting while attending NYU.

Philanthropic Impact

EducationUndisclosed

Girls Who Code

Served on the board of directors from 2018 to 2024.

Cancer Research$2M

V Foundation for Cancer Research

TransPerfect contributed nearly $2 million through employee-driven events.