Spotify co-founders Daniel Ek and Martin Lorentzon have received a combined $900 million in stock payouts this year, as the streaming giant’s market value soared to nearly $100 billion.
Key Highlights:
- Stock Surge: Spotify’s share price has tripled in 2024, leading to significant financial gains for its leadership.
- Executive Payouts: Ek, Spotify’s CEO, sold nearly $350 million worth of shares, while Lorentzon, a board member, sold over $550 million in stock.
- Net Worth: Ek’s net worth is now estimated at over $7 billion, according to Bloomberg
- Company Performance: Spotify reported profits every quarter in 2024, driven by a focus on profitability and subscriber growth.
Source: Nairametrics
