Adam Foroughi
American businessman
From Wikipedia, the free encyclopedia
Adam Foroughi is an Iranian-born American billionaire businessman and the chief executive officer (CEO) of AppLovin, a mobile technology company.
Adam Foroughi | |
|---|---|
| Born | |
| Education | University of California, Berkeley (BA) |
| Occupation | Businessman |
| Title | CEO of AppLovin |
| Term | December 2011–present |
Early life and education
Born in 1980, Foroughi's family emigrated to the United States to escape the destruction caused by Iraq-Iran War.[1] Arash grew up in Laguna Niguel, California, where his father Marty had a successful construction company. He attended Aliso Niguel High School and then went on to study at the University of California, Berkeley, earning a Bachelor of Arts in economics.[1]
Career
Upon graduating from Berkeley, Foroughi worked as a derivatives trader. Later, he founded two marketing companies before starting AppLovin.[1]
In 2012, Foroughi co-founded AppLovin along with friends John Krystynak and Andrew Karam.[2][3]
On April 15, 2021, AppLovin became a public company after an initial public offering (IPO), with a total valuation of approximately $24 billion.[4] As a result of AppLovin's successful IPO, Foroughi's net worth rose to an estimated $2 billion.[5]
In 2023, Foroughi's total compensation from AppLovin was $83.4 million making him the eighth highest paid CEO in the US that year.[6]
