Andrew Mason Net Worth is$1 Billion
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Andrew Mason is an American businessman with a net worth of $1 billion. Andrew Mason acquired that net worth as a co-founder and current CEO of the majorly successful daily-deal coupon company Groupon. Mason was born in Mt. Lebanon, Pennsylvania and attended Northwestern University, receiving a Bachelor's degree in music.
Andrew Mason is the founder and CEO of Groupon, a Chicago-based website offering users deep discounts on local businesses. He graduated from Northwestern University in 2003 with a degree in music.
Mason grew up in Mt. Lebanon, Pennsylvania, a suburb of Pittsburgh and graduated from Mt. Lebanon High School in 1999. At age 15, he started a Saturday morning delivery service called Bagel Express. After graduating from Northwestern University in 2003, he worked in web design for Chicago entrepreneur Eric Lefkofsky. Mason stopped working with Lefkofsky to attend the University of Chicago's Harris School of Public Policy on a scholarship. However, he dropped out of his Master degree program from University of Chicago only 3 months after it started. Mason also interned and worked at prominent Chicago recording studio Electrical Audio under recording engineer Steve Albini, whom Mason cited as being an inspiration on his work ethic.
Lefkofsky, several years later, provided Mason with one million dollars in "seed money" to bankroll The Point, a now largely inactive web platform, which was Mason's first entrepreneurial venture on the Internet.
It was found that The Point -- a social initiatives platform whose name was inspired by Malcolm Gladwell's The Tipping Point -- was too abstract to market, and it was stripped down to the Groupon concept. Groupon is a website that sells deals to local businesses. Groupon's website states that since its beginning in November 2008, Groupon has sold more than six million deals. With Groupon taking 50 percent of every deal, plus a small credit-card handling fee, Groupon's revenue is expected to top $350 million by the end of 2010. In late 2010 it was reported by Mashable that Groupon's annual revenue was $800 million.
Many internet sites have now sought to recreate Groupon's business example for their own niches.
On December 1, 2010, The New York Times reported that Groupon was the subject of a $6 billion dollar acquisition bid

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Andrew Mason Latest News

Twitter: It's Not What You Think

Back In August 2013, Groupon co-founder, Eric Lefkofsky took over the helm of the ailing company in a management shake-up that cost another Groupon co-founder, Andrew Mason, the CEO position (in a striking similarity with the struggle between Jack Dorsey ...
Posted: October 24, 2016, 3:39 am

WATCH: John Lynch unveils Broncos' Ring of Fame pillar

And finally, John Lynch unveils his pillar. — Andrew Mason (@MaseDenver) October 24, 2016 John Lynch has revealed his Broncos bust. The future Hall-of-Fame safety, who spent four seasons in Denver, unveiled his Ring of Fame ...
Posted: October 23, 2016, 6:42 pm

Sacked Groupon CEO Andrew Mason gets $376.36 in severance pay... but don't feel too bad for him - he still owns $213 million in company shares

Just days after online deals pioneer Groupon ousted its quirky founder and CEO Andrew Mason, it has been revealed that the famously oddball executive has been given severance pay of $376.36. Mason's salary was $180,000 in 2010, but regulatory documents ...
Posted: March 3, 2013, 5:37 am
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