Mike Krieger net worth
Mike Krieger Net Worth and Salary: Mike Krieger is a Brazilian entrepreneur and software engineer who has a net worth of $350 million. Mike Krieger, along with his partner Kevin Systrom, is probably best known as the co-founder of Instagram. He was born in Sao Paulo, Brazil on March 4, 1986, and moved to California in 2004 to study at Stanford University. While at Stanford, he studied symbolic systems and met Kevin Systrom through his work. A few years later, the two co-founded Instagram. He built the first version of the app in 2010 and is known as the “soul” of the company. He continued to lead the engineering team until 2018. Before joining Instagram, Krieger was a user experience designer and engineer at Meebo.
Facebook acquisition
On April 9, 2012, Facebook CEO Mark Zuckerberg announced that his company had agreed to acquire Instagram $1 billion cash and stock. At the time, Instagram had only 13 employees, and Mike reportedly owned 10 percent of the company. In September 2018, Mike and Kevin announced their abrupt departure from Facebook. Reports say the pair are unhappy with the way Facebook manages Instagram. It is estimated that if Instagram had not been sold, but had remained independent and could eventually become its own public company, it would have a net worth of more than $100 billion today.
