His estimated net worth is also around $5 billion and it is evident from his great market performance. By the records of 2020, it can be seen that Daniel holds an 18.5% stake in the business that is worth more than $9 billion. Besides living a happy married life, Ek also possesses a wobbling net worth. Ek and Sofia are living happily ever after with their two children. The couple invited Bruno Mars to perform for their wedding with several other famous people invited to the wedding including Mark Zuckerberg, Chris Rock, etc. He got married in 2016 to Sofia Levander. This young and incredible entrepreneur is currently 38 years old and settled with a family. Spotify was such a huge success that it earned a mindboggling $27 billion market value on the first day of trading. Also, Millions of subscribers started posting and listening to songs regularly. In 2008, Spotify was formally launched and it gained huge attention from investors and audience alike. So, by enabling the audience with free online music, Daniel eradicated the need of downloading music or buying costly music subscriptions. He offered a unique value proposition to all music lovers around the world. Ed established Spotify by partnering with the co-founder of Tradedoubler, Martin Lorentzon. Beginning of Spotify:ĭaniel’s innovativeness, creativity, and tech-skills got him to take the first-mover advantage of formulating Spotify. Daniel later sold Advertigo to a Swedish company named Tradedoubler in 2006. He kept working until he founded an online marketing company, Advertigo. Time passed by and Daniel decided to drop college for his website development services. As a teenager, he worked as a website developer and conducted web-hosting services from his bedroom. As a youngster, Ed lived in Sweden, near Stockholm. Daniel was smart enough to target a market niche that had been untapped for years in the past, thereby eliminating the need for a conventional music download system. Spotify is a music-streaming service provider company that is known for rendering services of legal, ad-supported music content from all parts of the world. Swedish-born successful entrepreneur, Daniel Ek, is the co-founder of Spotify.
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