Dara Khosrowshahi Net Worth

What is Dara Khosrowshahi’s Net Worth?

Dara Khosrowshahi, an Iranian-American businessman and CEO, has a net worth of $250 million dollars. Throughout his career, Khosrowshahi has held several high-profile positions in the corporate world, which have contributed to his substantial wealth.

Highlights

– CEO of Uber, a ride-sharing company.

– Former CEO of Expedia Group, a prominent online travel shopping company.

– Sits on the board of directors of Hotels.com and BET.com.

– Previously served on the board of the New York Times Company.

– Earned $94.6 million in 2015 as the highest paid CEO on the planet.

– Earned $90 million in 2016, making him the third highest paid CEO globally.

– Owns $85 million worth of vested Expedia stock options.

– Offered a pay package by Uber worth potentially over $200 million in incentive compensation to offset the loss of unvested stock options at Expedia.

– Eligible for an estimated $100 million bonus based on Uber’s valuation and potential sale.

Early Life

Dara Khosrowshahi was born on May 28, 1969, in Tehran, Iran. He grew up as the youngest of three children in a wealthy family, as they had founded the diversified conglomerate group Alborz Investment Company. Due to the Iranian Revolution, Khosrowshahi’s family was targeted, leading his mother to make the decision to leave everything behind and flee the country. The family settled in Tarrytown, New York, where Khosrowshahi attended the Hackley School. He went on to graduate from Brown University in 1991 with a degree in electrical and electronics engineering.

Career

After graduating from Brown University, Khosrowshahi joined the investment bank Allen & Company as an analyst. He then moved on to work for Barry Diller at USA Networks and later became the chief financial officer of Diller’s holding company IAC. In 2001, IAC purchased Expedia, and in 2005, Khosrowshahi became the CEO of its parent company, Expedia Group. Under his leadership, Expedia experienced significant growth, with the company’s travel bookings and pre-tax earnings showing remarkable increases. Khosrowshahi joined Uber as CEO in 2017, taking on the task of rehabilitating the company’s tarnished image and leading it through its IPO in 2019.

Personal Life

Dara Khosrowshahi has two children from his first marriage, Alex and Chloe. He remarried in 2012 to Sydney Shapiro, and they have twin sons named Hugo and Hayes. Khosrowshahi is part of a family with a tradition of entrepreneurship, with wealthy relatives involved in various business ventures.

Net Worth Over Time

Dara Khosrowshahi’s net worth has gradually increased over time, largely due to his successful career in the business world. In 2015, he earned $94.6 million, making him the highest paid CEO globally. His net worth received another boost in 2016 when he earned $90 million. As of now, his net worth stands at $250 million.

Components of Net Worth

Dara Khosrowshahi’s net worth is primarily derived from his executive positions and stock holdings in various companies. His annual base salary at Uber is $6.7 million, contributing significantly to his wealth. Additionally, he owned $85 million worth of vested Expedia stock options upon joining Uber. While he left behind unvested stock options worth $160 – $200 million at Expedia, Uber offered him a substantial pay package to offset that loss. Furthermore, his employment contract entitles him to an estimated $100 million bonus based on Uber’s valuation and potential sale.

Disclaimer: The above information is based on publicly available sources and financial estimations. The accuracy of this article is subject to updates and corrections based on new information.

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