#178 Billionaire
Adam Foroughi
$14.2B
+$985M
(+7.4%)
US
· Age 45
Source of wealth: mobile games
Industry: media-entertainment
Residence: Truckee, US
{
"bio": [
"Adam Foroughi is the cofounder and CEO of AppLovin, which makes mobile games and provides marketing services to app developers.",
"Based in Palo Alto, California, AppLovin was founded in 2011 and went public in 2021. Foroughi owns around 11% of its shares.",
"Foroughi bootstrapped AppLovin for years without outside funding. KKR became its biggest backer with a $400 million investment in 2018.",
"Foroughi was born in Iran a year after the 1979 Iranian Revolution and immigrated to California as a child.",
"He became a derivatives trader after graduating from the University of California, Berkeley, and started two marketing companies before AppLovin."
],
"about": []
}
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