BillionaireNet
Butterfield
Stewart Butterfield
Rank #2396
CANADATechnologyMessaging software

Stewart Butterfield

Net Worth
$1.555B
-0.06% (24h)
Stewart Butterfield is a Canadian entrepreneur and billionaire, best known for co-founding Flickr, a photo-sharing website, and Slack, a team-messaging application. His source of wealth stems from his ventures in messaging software, shaping the modern workplace and communication strategies. Butterfield's career reflects a journey of innovation, from early web design to leading major tech companies. With an estimated net worth of $1.5 billion, Butterfield continues to make an impact in the technology industry and beyond.

The Full Dossier

Early Life

Stewart Butterfield, originally named Dharma Jeremy Butterfield, was born on March 21, 1973, in Lund, British Columbia, Canada. His early life was shaped by a childhood spent in a log cabin without running water or electricity. His family lived on a commune after his father moved from the US to avoid being drafted in the Vietnam War. When he was 12, he changed his name to Stewart. Butterfield showed an interest in coding, teaching himself the skill and making money designing websites while in university.

Rise to Success

Butterfield's career started with Gradfinder.com in 2000. Later, he co-founded Ludicorp in 2002 with Caterina Fake and Jason Classon. Ludicorp initially developed an online game called Game Neverending, which struggled to gain traction. The team pivoted to focus on photo sharing, leading to the creation of Flickr. Flickr was acquired by Yahoo! in 2005. He then co-founded Tiny Speck, developing the project Glitch. However, Glitch didn't perform as well, and the team pivoted again, this time creating Slack. Launched in August 2013, Slack quickly gained popularity, transforming team communication. Salesforce acquired Slack in December 2020 for $27.7 billion.

Key Business Strategies

Butterfield's success can be attributed to his ability to identify opportunities and adapt to market needs. The pivot from the failing online game Game Neverending to Flickr demonstrates his ability to recognize potential and make changes. Similarly, the shift from Glitch to Slack showed a willingness to innovate and capitalize on internal tools. The core strategy was a focus on user experience, which made Slack easier to use than competitors, leading to rapid adoption.

Philanthropy

Beyond business, Butterfield is known for his philanthropic efforts. He has pledged to share most of his wealth for good causes, supporting efforts such as fighting climate change, aiding those in poverty, and promoting education.

Career Timeline

2020

Salesforce acquired Slack

Salesforce announced its acquisition of Slack for $27.7 billion.

2019

Slack goes public

Slack Technologies went public on the New York Stock Exchange via a direct stock listing.

2009

Co-founded Slack Technologies

Co-founded the team-messaging application Slack.

2006

Named in Time 100

Featured in Time magazine's 'Time 100' list of the 100 most influential people.

2005

Yahoo! acquired Flickr

Yahoo! acquired Ludicorp, the parent company of Flickr, for a reported $35 million.

2004

Launched Flickr

Launched Flickr, a photo-sharing platform that helped pioneer the Web 2.0 era.

2002

Co-founded Ludicorp

Co-founded Ludicorp with Caterina Fake and Jason Classon, which later developed the photo-sharing site Flickr.

2000

Co-founded Gradfinder.com

Joined his friend Jason Classon's start-up, Gradfinder.com, an early web venture.

Philanthropic Impact

Environmental$Unknown

Climate Change Initiatives

Supports efforts to combat climate change.

Social$Unknown

Poverty Alleviation

Contributes to initiatives aimed at helping those in poverty.

Education$Unknown

Education

Supports educational programs and institutions.

Wealth Trajectory