Adam Foroughi

Adam Foroughi is an Iranian-American billionaire businessman and the chief executive officer (CEO) of AppLovin, a mobile technology company.

Adam Foroughi
Born
Iran
NationalityAmerican
OccupationBusinessman
TitleCEO of AppLovin
TermDecember 2011–present

Biography

Born in 1980, Foroughi's family emigrated to the United States to escape the destruction caused by Iraq-Iran War.[1] Adam grew up in Los Angeles, California, where his father has a successful construction company. He studied at the University of California, Berkeley, earning a B.A. in economics.[1] 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]

Adam is married and has 5 children.

References
  1. "Adam Foroughi". Forbes.
  2. "AppLovin". Forbes. Retrieved October 16, 2016.
  3. Ha, Anthony. "Mobile Ad Startup AppLovin Says It Has Reached A $100M Revenue Run Rate". TechCrunch. Retrieved September 26, 2016.
  4. "Mobile gaming company AppLovin starts trading at $70, giving it a market cap of about $24 billion". CNBC. April 15, 2021. Retrieved April 15, 2021.
  5. Tucker, Hank. "AppLovin IPO Makes Cofounder Adam Foroughi A Billionaire With $2 Billion Stake". Forbes. Retrieved July 4, 2021.
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