Who is Shawn Fanning and what is his net worth 2018? Shawn Fanning is an American entrepreneur, computer programmer, and angel investor. He developed one of the first peer-to-peer file sharing platform, Napster. The platform was very popular in 1999 and the early 2000s.
Shawn Fanning was born on November 22, 1980, in Brockton, Massachusetts. He was born to Joe Rando and Coleen Fanning. His parents separated. He spent a major part of his life with his uncle. He attended the Northeastern University but he dropped out along the line. Shawn is married to Jessica Wigsmoen. There are no records indicating that they have children yet.
Shawn Fanning released the beta version of Napster on June 1, 1999. It gained popularity especially among college students were used the platform to share music files. He launched a new company Snocap along with Ron Conway and Jordan Mendelson. The company focused on being a well-known digital marketplace. However, things did not work out well. There were a lot of technical issues and the response from the public was also poor. The company eventually laid off 60% of its labour in 2007. The company was sold to imeem in 2008.
Amidst the crisis at Snocap, Shawn left to launch a new company called Rapture. He was officially named the CEO of Rapture October 2, 2007. Rapture is a social networking program that facilitates communication between players of “World of Warcraft”. Rapture was later sold to Electronic Arts for $15 million. He was laid off at Electronic Arts not long after.
He soon launched Path.com. he was later joined by former Senior Platform Manager at Facebook, Dave Morin. In 2011, he teamed up with the co-founder for Napster, Sean Parker to found a new company called Airtime.com. the company received investments from Ron Conway, Ashton Kutcher, and Michael Arrington. He served as the CEO for the company.
The official launch of Airtime.com was unsuccessful. Several celebrities were invited as the guests for the launch but the product clashed several times rendering the launch unsuccessful. This led to widespread criticisms on the news and social media.
Shawn Fanning has also made his presence known in pop culture. He appeared as a presenter at the 2000 MTV Video Music Awards. In October 2000, Time magazine featured him on the cover of the magazine. in 2003, he appeared as himself in the film, “The Italian”. He also appeared in a Volkswagen commercial in 2008. Alex Winter filmed a documentary featuring Shawn and Napster in 2013. The documentary was called “Downloaded”.
Net Worth of Shawn Fanning
Shawn Fanning has recorded some success in the Tech industry. he has been credited with the development for Napster, Snocap, Path, Rapture, and Airtime.com. he has an estimated net worth of $10 million. His wealth has all been linked to his programming career and investments.
Shawn Fanning created Napster when he was nineteen years old. He was a freshman at the University at that time. He is known to be a man who loves computers and coding. He received media attention in the early 2000s for creating Napster.