Michael Birch Net Worth is$390 Million
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Michael and Xochi Birch Net Worth: Michael and Xochi Birch are an IT couple who has a net worth of $390 million. British-born Michael Birch and his American wife Xochi Birch have co-founded several companies since 1999, most notable being the online social networking website Bebo. Xochi and Michael united their skills as computer programmers and entrepreneurs to launch the social networking site Bebo in 2005. The site saw huge growth by 2007, when it had more than 45 million registered users, thus surpassing AOL, Amazon.co.uk and bbc.co.uk to become the sixth most popular site in the U.K. In 2008, the couple decided to sell Bebo to AOL for $850 million, after which their combined 70% share generated profit of $595 million from the deal. After the sale, they turned the profits into five different companies that they run simultaneously. In the meantime, Bebo went bankrupt under its new owners, and the pair re-acquired the franchise for only $1 million in 2013. As for their current project, it's an exclusive members club in San Francisco called The Battery, with a vision "to create a culture where inspiration is embraced, diverse communities come together and egos are checked at the door." Furthermore, they are active charity supporters, most notably of the non-profit organization charity:water.
Michael Birch (born 7 July 1970) is an English computer programmer and entrepreneur.

Birch was born in Cheshunt, Hertfordshire. He attended Imperial College London from 1988 to 1991, studying for a BSc in Physics.
Birch and his wife Xochi Birch have co-founded over half a dozen startups in the past 15 years. Together with Birch's brother Paul, they founded BirthdayAlarm.com and with Morgan Sowden they founded Ringo.com (which was sold to tickle.com in 2003). Birch and Xochi later founded the online social networking website Bebo in January 2005, with a major launch in July 2005. In 2007, Bebo had over 45 million registered users and was the sixth most popular site in the UK, bigger than AOL, Amazon.co.uk and bbc.co.uk.
Michael and Xochi Birch sold Bebo to AOL in March 2008 for $850 million. Their combined 70% stake yielded a profit of $595 million from the deal. The Bebo franchise quickly declined under its new owners and fell into bankruptcy; in 2013 the couple bought Bebo back for $1 million.
Since 2008, the couple has started five separate companies they run in parallel. Their current project is The Battery, an exclusive but not elite members club in San Francisco, with their vision stated as ???to create a culture where inspiration is embraced, diverse communities come together and egos are checked at the door.???
Birch and Xochi are supporters of the non-profit organization charity:water, having given over $4 million to their organization. Birch also helped the organization launch mycharitywater.org, a fundraising platform that has raised more than $21 million for clean water projects around the world since launch in autumn 2009.
In October 2011, Birch launched a social media project with charity:water and the Monkey Inferno, Inc to raise awareness of the water crisis and give millions of people the ability to let their friends know, donate and help solve the water crisis.

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Michael Birch Latest News

Bebo tycoon Michael Birch invests in 'sad state' Devon village

The multi-millionaire founder of the Bebo social networking site has said he pumped money into a North Devon village after seeing its "sad state". In an exclusive interview with the BBC, California-based tycoon Michael Birch said he felt a "need" to ...
Posted: August 16, 2016, 2:31 am

Bebo founders buy back worthless social network for $1million after selling it to AOL for $850million just five years ago

Husband-and-wife team Michael and Xochi Birch netted some $600 million from the sale but the business crumbled shortly after the acquisition thanks to AOL's mismanagement and the rise of Facebook. But the minted British tech wiz tweeted today that he and ...
Posted: July 1, 2013, 10:32 am

Young birch takes root

Staked out alongside the TART Trail near Slabtown Beach is a young birch, planted in place of an older one toppled by the storm. Michael Sleeman, Slabtown Neighborhood Association treasurer and decades-long neighborhood resident, said the broken tree was ...
Posted: October 17, 2016, 8:36 am
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