Kevin Systrom Net Worth is$400 Million
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Kevin Systrom is an internet entrepreneur with a net worth of $400 million. His net worth is just one of the reasons he has become a "hot name" in the business world, having landed on several lists such as "The 100 Most Creative People in Business in 2011" from magazine Fast Company, the 2011 "30 Under 30" list from magazine Inc., and even on the cover of 7x7 Magazine's "The Hot 20 2011" issue. Systrom gained all this prominence thanks to his role as the founder and chief executive officer of Instagram, the massively popular photo sharing app that allows smartphone users to share photos through various online social networks. The photos have a distinctive look thanks to digital filtering. This filter mostly serves to give the photos a kind of "retro" look, in homage to analog cameras from decades past such as the Kodak Instamatic and the Polaroid instant cameras. As of 2011, the application has more than ten million users, many of which use the app to share photos on online social networking web sites such as Twitter or Facebook, making the distinct "Instagram look" a familiar sight to many users of those popular websites. And they all have Kevin Systrom to thank for it. Facebook Acquisition On April 9th 2012, Facebook CEO Mark Zuckerberg announced that his company has agreed to purchase Instagram for a whopping $1 billion in cash and stock. The acquisition gives 27 year old founder/CEO Kevin Systrom a net worth of $400 million. That amount might actually increase when Facebook IPOs later this year!
'Kevin Systrom is an American entrepreneur and software engineer best known as the cofounder and CEO of Instagram. Systrom graduated in 2006 from Stanford University with a B.S. in Management Science & Engineering. He cofounded Instagram in 2010 with Mike Krieger. He also founded Burbn, an HTML5-based location sharing service.
He got his first taste of the startup world when he was an intern at Odeo, the company that birthed Twitter. He spent two years at Google; during the first, he worked on Gmail, Google Reader, and other products, and during the second he worked on the Corporate Development team. Systrom has always had a passion for social products that enable people to communicate more easily, and combined with his passion for photography, Instagram is a natural fit. In April 2012 Systrom sold Instagram to Facebook for 1 billion dollars in cash and stock.

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Kevin Systrom Latest News

Instagram Founder Kevin Systrom's 5-Minute Cure for Procrastination

Five minutes doesn't seem like enough time to accomplish anything of real importance. That's why, when we have these little scraps of time to spare, we often just throw them away on social media or cat videos. But according to Instagram co-founder Kevin ...
Posted: December 12, 2017, 8:03 pm

Kevin Systrom and Marne Levine have turned Instagram into Facebook’s greatest weapon

Instagram has been a powerhouse inside of Facebook, and CEO Kevin Systrom and COO Marne Levine deserve most of the credit. Systrom gets points for realizing Instagram’s high bar for posts was turning people off, and that Snapchat’s temporary sharing ...
Posted: December 6, 2017, 1:16 pm

Facebook fires back at former exec who says it’s ‘ripping apart’ society

“The inventors, creators — it’s me, it’s Mark [Zuckerberg], it’s Kevin Systrom on Instagram, it’s all of these people — understood this consciously,” he said. “And we did it anyway.”
Posted: December 11, 2017, 11:08 pm
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