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

Mason Ale Works and One More Wave Foundation Collaborate on Andrew’s Forest IPA

SAN DIEGO — Mason Ale Works and One More Wave Foundation are proud to partner again for this year’s annual IPA Release of “Andrew’s Forest.” This IPA is brewed with a portion of proceeds going to the ...
Posted: October 15, 2018, 7:00 am

Will Mason Crosby miss another kick this week? | PROPS

After missing 5 kicks in Week 5, will Mason Crosby miss anything else this week against the Niners on Monday Night Football? Comedians Sarah Tiana and Andrew Santino debate the most interesting ...
Posted: October 11, 2018, 9:59 am

Mason: It's Groundhog Day as David Price delivers another October dud

Price walked the No. 8 and No. 9 hitters back to back, gave up an RBI single to Andrew McCutchen, and Cora had seen enough ... it’s clear Price is still searching for the answer. Chris Mason is a Red ...
Posted: October 6, 2018, 10:32 pm
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