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

Groupon’s Andrew Mason is back with “a word processor for audio”

In 2013, Andrew Mason was famously fired as CEO of Groupon, a company he cofounded. His second act, Detour, was a startup that created podcast-like audio tours. That involved producing a boatload of spoken-word content. And Mason discovered that working ...
Posted: December 12, 2017, 5:00 am

We asked Groupon founder Andrew Mason about the bizarre rock album he made — and his response was hilarious

Andrew Mason will always be remembered as the founder of Groupon ousted not long after a spectacular IPO, but he's been busy since then. Business Insider recently caught up with Mason to talk about his new startup, Descript. We also asked him about the ...
Posted: December 14, 2017, 10:29 am

Why former Groupon CEO Andrew Mason regrets telling everyone he was fired

When he was at Groupon, Andrew Mason was known for being more honest and blunt than other tech CEOs — a trait that extended to 2013, when the company he co-founded fired him. Four years later, he’s not so sure it was a good idea to transparently ...
Posted: December 13, 2017, 2:30 am
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