Andrew Mason Net Worth

Andrew Mason Net Worth Analysis

What is Andrew Mason’s Net Worth?

Andrew Mason is an American businessman who has a net worth of $200 million. He acquired his fortune and recognition as the co-founder of the daily-deal coupon company Groupon.

Highlights

– Andrew Mason’s net worth is estimated at $200 million.
– He co-founded Groupon, a well-known daily-deal coupon company.
– Groupon reached an estimated valuation of $6 billion before rejecting a buyout offer from Google.
– Mason’s net worth took a significant hit as Groupon experienced accounting irregularities and a drop in revenue.
– He was fired from Groupon in 2013.

Early Life

Andrew Mason was born and raised in Mt. Lebanon, Pennsylvania. He attended Northwestern University, where he pursued his passion for music and earned a Bachelor’s degree in music. Although his early education and training revolved around music, Mason later ventured into the business world and made a substantial impact.

Career

Mason’s career took a significant turn when he co-founded Groupon, a company that revolutionized the daily-deal coupon industry. Prior to Groupon’s initial public offering (IPO), the company raised approximately $950 million from venture capital firms, with $810 million paid out to early investors and executives.

During this time, Mason and his co-founder Eric Lefkofsky rejected a buyout offer of $6 billion from Google, a decision that surprised many outside investors. Their focus shifted towards the projected November 2011 IPO. Groupon’s shares debuted at $26, turning Mason and Lefkofsky into instant billionaires. At its peak, Mason’s net worth reached $1.4 billion when share prices hit $31.1. Lefkofsky’s net worth topped $3.4 billion.

Unfortunately, Groupon’s journey as a public company has been marred by accounting irregularities and a significant drop in revenue. Since going public, the company’s value has plummeted by approximately 80%. Consequently, the value of Mason’s 45,934,504 shares in Groupon decreased from a record high of $1.2 billion to $230 million today, resulting in a staggering $1 billion drop in his net worth. Following these setbacks, on February 27th, 2013, Andrew Mason was fired from Groupon.

Personal Life

Information regarding Andrew Mason’s personal life, including his birthdate and height, is not publicly available at this time.

Net Worth Over Time

Andrew Mason’s net worth has experienced significant fluctuations throughout his entrepreneurial journey. Starting with a remarkable peak of $1.4 billion, his net worth has gradually declined due to challenges faced by Groupon. Currently, he has an estimated net worth of $200 million.

Components of Net Worth

Andrew Mason’s net worth consists of his investments, assets, and previous ownership in Groupon. It is important to note that the evaluation of his net worth is based on publicly available data and estimates. The net worth calculation may not consider undisclosed investments or financial activities.

In conclusion, Andrew Mason is an American businessman with a net worth of $200 million. His career reached unparalleled heights when he co-founded Groupon, but challenges and setbacks caused a significant decline in his net worth. Despite the fluctuations, Andrew Mason remains an influential figure in the business world, leaving behind a lasting impact in the realm of online coupons and deals.

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