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Adam Foroughi

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American businessman

Adam Foroughi
BornIran
NationalityAmerican
OccupationBusinessman
TitleCEO of AppLovin
TermDecember 2011–present

Adam Foroughi is an Iranian-born American billionaire businessman and the chief executive officer (CEO) of AppLovin, a mobile technology company.

Early life and education

Born in 1980, Foroughi's family emigrated to the United States to escape the destruction caused by Iraq-Iran War. Adam grew up in Los Angeles, California, where his father had a successful construction company. He studied at the University of California, Berkeley, earning a B.A. in economics.

Career

Upon graduating from Berkeley, Foroughi worked as a derivatives trader. Later, he founded two marketing companies before starting AppLovin.

In 2012, Foroughi co-founded AppLovin along with friends John Krystynak and Andrew Karam.

On April 15, 2021, AppLovin became a public company after an initial public offering (IPO), with a total valuation of approximately $24 billion. As a result of AppLovin's successful IPO, Foroughi's net worth rose to an estimated $2 billion.

In 2023, Foroughi's total compensation from AppLovin was $83.4 million, up 79,783% from the previous year and representing a CEO-to-median worker pay ratio of 795-to-1 for the company, as well as making Foroughi the eighth highest paid CEO in the US that year.

Personal life

Adam is married and has 5 children.

References

  1. ^ "Adam Foroughi". Forbes.
  2. "AppLovin". Forbes. Retrieved October 16, 2016.
  3. Ha, Anthony (July 31, 2014). "Mobile Ad Startup AppLovin Says It Has Reached A $100M Revenue Run Rate". TechCrunch. Retrieved September 26, 2016.
  4. "Mobile gaming company AppLovin starts trading at $70, giving it a market cap of about $24 billion". CNBC. April 15, 2021. Retrieved April 15, 2021.
  5. Tucker, Hank. "AppLovin IPO Makes Cofounder Adam Foroughi A Billionaire With $2 Billion Stake". Forbes. Retrieved July 4, 2021.
  6. Paradis, Tim (June 18, 2024). "Here are the highest-paid CEOs in the US, some of whom have 9-figure compensation packages". Business Insider. Archived from the original on August 28, 2024. Retrieved August 31, 2024.


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