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Shawn Fanning Net Worth

Emmy Wallin

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Shawn Fanning Net Worth

What is Shawn Fanning’s net worth? 

Net Worth:$100 Million
Age:40
Born:November 22, 1980
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:2021

Introduction   

Shawn Fanning is an American computer programmer.

Fanning is also an entrepreneur and angel investor. He developed Napster, which is one of the first popular file-sharing platforms.

The popularity of Napster was widespread, and Fanning was featured on the cover of Time magazine. Following his involvement with Napster, he joined and invested in many early-stage technology startup companies.

As of 2021, Shawn Fanning’s net worth is estimated to be roughly $100 million. 

 

Early Life

Shawn Fanning was born on the 22nd of November, 1980, in Brockton, Massachusetts.

Fanning is the son of Coleen and Joe Fanning. He went to Northeastern University. 

Fanning began working on Napster where he made music and sharing аmоng thе ѕtudеntѕ оf Nоrthеаѕtеrn Unіvеrѕіtу. Іn 2013, hе wаѕ а ѕubјесt оf thе dосumеntаrу еntіtlеd ‘Dоwnlоаdеd’ bу Аlех Wіntеr.

 

Career 

In 1999, Fanning released the beta program of Napster, and soon, hundreds of college students at Northeastern were trading music. Sean Parker was the co-founder.

Fanning was named to the MIT Technology Review TR100 as one of the top 100 innovators in the world under the age of 35. in 2002.

The following year, he opened a new company, Snocap, along with Jordan Mendelson and Ron Conway. The company aspired to be a legitimate marketplace for digital media. 

In 2006, Fanning, along with co-founder Jon Baudanza developed Rupture. The company was a social networking tool designed to handle the task of publishing gamers’ individual profiles.

In 2007, The Rupture project was announced with seed funding, and CrunchBase notes the date Shawn officially became CEO of Rupture was October 2, 2007.

After a few months after he was laid off from Electronic Arts, he started another company called Path.com. In 2010, David Morin announced he was leaving Facebook, a Senior Platform Manager, to join Fanning and become CEO at Path.

As of 2021, Shawn Fanning’s net worth is estimated to be roughly $100 million. 

 

Highlights

Here are some of the best highlights of Shawn Fanning’ career:

  • He developed Napster
  • One of the top 100 innovators in the world under the age of 35 (2002)
  • Fanning founded Helium Systemsm (2013) 

 

Favorite Quotes from Shawn Fanning 

“I think it’s pretty obvious to most people that Napster is not media-specific, but I could see a system like Napster evolving into something that allows users to locate and retrieve different types of data other than just MP3s or audio files.” – Shawn Fanning

“It’s been all over the press, and schools are deciding to shut it down. We released a public announcement saying that we had some potential solutions that we were working with, and once we had something concrete, we would start implementing it and approach schools.” – Shawn Fanning

“Well, user feedback was excellent. Even when the software didn’t work at all, there were few people who were avid users, and there were people who were sending excellent feedback and excellent ideas.” – Shawn Fanning

“I think I was late in my first quarter at Northeastern and I lived in a suite with two roommates and two suite mates. One of my roommates was into MP3s, his name was Matt, and he was having some problems with many traditional web-based search engines. Lycos was one of them. Seeing that he had this problem, I had to come up with a way to solve the reliability problems he was experiencing and also had some other ideas.” – Shawn Fanning 

“I left for a weekend to go off to Hull to work on the software. I took my computer and some other things I needed. What happened was, I really wasn”t planning on leaving. I was planning on coming back to school. My cousin was bringing me back to Kennedy to drop me off, and I remember walking towards the dorm room, and I stopped, and I just realized that I had to go and make a decision.” – Shawn Fanning 

 

3 Life Lessons from Shawn Fanning 

Now that you know all about Shawn Fanning’s net worth and how she achieved success; let’s take a look at some of the lessons we can learn from her: 

 

1. Programming 

If you think about computer programming, it’s as antisocial as it gets.

 

2. Artists and Labels 

Independent artists and labels have always been trendsetters in music and the music business.

 

3. Level Of Fame 

If you’re a musician or actor, you know that if you’re successful, some level of fame goes along with that. You’re prepared. But how often does that happen to a programmer?

 

Summary  

Shawn Fanning is an American computer programmer, serial entrepreneur, and investor who is best known for creating Napster.

Napster is a file-sharing platform that was very popular around the turn of the century. In 1998, while attending Northeastern University he created one of the first popular file-sharing platforms. 

As of 2021, Shawn Fanning’s net worth is estimated to be roughly $100 million. 

What do you think about Shawn Fanning’s net worth? Leave a comment below. 

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

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