How Rich Is The Entrepreneur Travis Kalanick?

American entrepreneur Travis Kalanick best known for creating a file-sharing application, Scour with his dropped out friends. Similarly, he is famous for co-founding companies, Red Swoosh and Uber.

Kalanick has also announced to start a new venture fund, 10100. Likewise, he is also known for creating CloudKitchen. As of 2020, Travis has an estimated net worth of $6 billion.

Journey From Uber To CloudKitchens  

Travis Kalanick dropped out from the University with his few classmates to start his professional journey as an entrepreneur. He with his dropped friend created a multimedia search engine, Scour Inc. and a company for file exchange service, Scour Exchange.

Later, in 2001, Kalanick founded the new firm, Red Swoosh with the help of the engineering team of Scour Inc who assembled an idea to trade and transfer large media files. After that, as per the Business Insider, Akamai Technologies owned the company for $23 million in 2007.

Former Uber CEO Travis Kalanick
Former Uber CEO Travis Kalanick

Image Source: BBC

Again, in 2009, Travis Kalanick and Garrett Camp founded an American multinational venture, Uber. The company provides services that contain ride service hailing, food delivery, peer-to-peer ridesharing, and a micro-mobility system with electric bikes and scooters.

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Resign From Uber And Started CloudKitchens

The Uber compelled the billionaire to resign from his CEO post in June 2017. He was accused of negligence. As per the reports, he was aware of all the sexual misconduct happening in the Uber world and yet he did not do anything. After leaving the firm, he sold 30% of his shares for $1.4 billion to Japanese investment conglomerate, Softbank.

Then in May 2019, Kalanick’s Uber holding stock was worth $4.9 million. Later, he sold 3.7 million stocks at IPO which generated almost $17 million in cash. In December 2018, he is done by selling all his shares.

Travis sold around $2.5 billion in stock in order to begin a new venture, CloudKitchens. In November 2019, as per the reports, Saudi Arabia’s sovereign wealth fund had a contract to invest $400 million in the company.

Travis Kalanick started a new venture, CloudKitchens investing $300 million
Travis Kalanick started a new venture, CloudKitchens investing $300 million

Image Source: Fortune

Additionally, the firm was successful in raising $60 million for expansion in 2020. Also, the business icon Travis has invested $300 million in the startup of the venture. Besides that, he also made an announcement that he would begin a venture fund, 101000 (‘ten-one-hundred’) via Twitter on March 7, 2018.

How Lavish Is The Billionaire House?

The former CEO of Uber Travis lives a lavish lifestyle in New York City, Los Angeles. In September 2019, he purchased a penthouse for $37 million in NYC.

Travis Kalanick's $37 million worth house in NYC
Travis Kalanick’s $37 million worth house in NYC

Image Source: Daily Mail

The mansion covers 6,734 square feet area along with the features of 4 bedrooms, 4.5 bathrooms, a rooftop private pool, and a summer kitchen.

Family And Siblings

Travis Kalanick was born Travis Cordell Kalanick on August 6, 1976, in Los Angeles, California, United States. His mother, Bonnie Renée Horowitz Kalanick was a worker in retail advertising for Los Angeles Daily News while the father, Donald Edward Kalanick.

CloudKitchens owner has altogether three siblings where a brother, Cory Kalanick is a firefighter. On the other hand, he has two half-siblings, Josie Arm and Anij Arm.

Regarding a 43-year-old businessman Kalanick who attended the University of California, Los Angeles (UCLA) studied computer engineering and business economics but dropped out from there to start his own business.

Talking about his relationship status, as of 2020, he seems single. From 2014 to 2016, Travis was in a relationship with Gabi Holzwarth.