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This exec went from pitching VC funds to raking in billions — AppLovin CEO now worth $11 billion. Here’s how | Company Business News

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This exec went from pitching VC funds to raking in billions — AppLovin CEO now worth $11 billion. Here’s how | Company Business News

Adam Foroughi, the founder of AppLovin, has recently become one of the world's top 260 richest people, with a net worth of $10.9 billion, according to the Bloomberg Billionaires Index. The Silicon Valley-based marketing services company has seen a surge in its shares this year, with a 7x increase so far. AppLovin reported strong Q3 results, with a revenue of $1.2 billion, beating analysts' estimates. The company's success is attributed to its adoption of artificial intelligence and its focus on mobile app marketing. Foroughi bootstrapped the business after being denied funding from venture capitalists and now owns a 10% stake in the company.

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