What is Michael Walrath Net Worth?
Michael Walrath is an American entrepreneur and venture capitalist who has an estimated net worth of $850 million. He made his fortune from founding the online advertising company Right Media, which he sold to Yahoo for $850 million in 2007. After selling Right Media, Walrath went on to become a partner at the venture capital firm FirstMark Capital.
Michael Walrath Early Life
Walrath was born in New York City in 1975 and grew up in Long Island. He attended college at Rutgers University and graduated with a degree in finance and accounting. After college, he worked as an analyst at Credit Suisse First Boston before moving into the world of technology startups.
Michael Walrath Career
In 2001, Walrath founded Right Media, an online advertising company that allowed advertisers to buy ad space on websites that were relevant to their target audience. The company quickly grew into one of the leading players in the industry and was eventually acquired by Yahoo in 2007 for $850 million. Following the sale, Walrath became a partner at venture capital firm FirstMark Capital where he invested in several tech startups including AppNexus, BuzzFeed, Shopify, DraftKings and Warby Parker.
Michael Walrath Biography
Walrath is also a published author having written two books: “The Entrepreneur’s Guide to Raising Capital” and “The Art of the Start” which provides advice on how to launch a successful startup business. He is also a frequent speaker at technology conferences around the world such as SXSW Interactive (South By Southwest) and Web Summit Dublin. In addition to his business ventures, Walrath is also involved with several philanthropic organizations including The Robin Hood Foundation which helps fight poverty in New York City, The Michael J Fox Foundation which raises funds for Parkinson’s research and The Global Poverty Project which works towards ending extreme poverty around the world.
Michael Walrath Height & Weight
Walrath stands at 6 feet tall (183 cm) with a weight of approximately 180 pounds (82 kg). His date of birth is October 30th 1975 making him 45 years old as of 2021. He holds American nationality but his ethnicity is unknown as there are no records available about his parents or family background.
Conclusion
In conclusion, Michael Walrath has had an incredibly successful career as an entrepreneur and venture capitalist with an estimated net worth of $850 million as of 2021. He has been involved with numerous successful businesses over the years such as Right Media, FirstMark Capital and AppNexus among others while also being heavily involved with philanthropic causes through organizations like The Robin Hood Foundation, The Michael J Fox Foundation and The Global Poverty Project among others.