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Jawed Karim is a successful American software engineer of Bangladeshi-German descent. He was born on October 26, 1979. His name is taken as the most famous internet entrepreneur. Jawed Karim net worth is in the millions.
YouTube was co-founded by him. He was the first person to post a video on Youtube. The name of the first video which was uploaded by him was titled, ‘Me at the Zoo’. It was posted on April 23, 2005. Currently, that video has over 173 million views and is still rising day after day.
7 reasons behind Jawed Karim Net Worth
#1. Versatile Internet Entrepreneur
Being a famous internet entrepreneur Jawed Karim net worth is estimated to be $140 million. He is the co-founder of YouTube. Right after co-founding YouTube, he thought of leaving to enrol at Stanford for completing his graduation. It was the unanimous decision of both Chad Hurley as well as Steve Chen to transform YouTube into the world’s biggest media empire that is used by millions of us today. Jawed Karim net worth is in the millions.
Even though he left the company he still owned a fair percentage of YouTube when it was sold to Google in October 2006. YouTube was purchased by Google for USD 1.65 billion in stock worth. This can give you an idea about Jawed Karim net worth.
YouTube was purchased by Google for around $1.65 billion worth of stock. Jawed was given 137,443 shares of Google which were of $64 million value on the day when the deal got closed.
Due to the rising success of Google, the stock price of YouTube is currently more than $140 million. Both Steve Chen as well Chad Hurley got around 700,000 shares of Google. Jawed Karim net worth is in the millions. At the time when the deal was closed its worth was around $345 million. Currently, the worth of those shares are $700 million.
#2. Development of a second largest search engine
In 2005, on 14th February, the three former employees of PayPal decided to launch a versatile video streaming website which is known as YouTube currently. Jawed Karim net worth is in the millions. Currently, this website is regarded as the second largest search engine whose popularity has been rising every day for 14 years. YouTube has become a convenient platform for those who are willing to watch any kind of video content on the internet.
The founder of YouTube, Jawed Karim, Steve Cheve and Chad Hurley sold it for a lump sum amount of Rs 1.16 lakh crores in the year 2006. These founders are still investing as well as experimenting with various other business ventures.
Jawed Karim was the first person to upload a video on YouTube named ‘Me at the Zoo’. Currently, that video has over 61 million views. Since he was not too much involved in the management and workings of YouTube because of his studies. That’s why he is quite lesser known in the comparison of the other two founders.
While he was working as an employer at PayPal he along with his fellow co-founders Steven Chev and Chad Hurley decided to form a free video streaming device that would serve the consumers beneficially. They started designing its core components and today it is one of the famous search engines named YouTube.
#3. Focus on internet consumer space
After co-founding YouTube he started forming his venture. One of his famous ventures is Youniversity Ventures which is also recognised as Y ventures. The prime focus of the company is creating a safe internet consumer space.
Students, as well as amateur entrepreneurs, are employed by the company. In the year 2009, April, he became an investor of a versatile San Francisco based company. The company provides great hospitality service today. It is quite popular among Airbnb.
In recent times, a rumour was spread that he would re-join his famous video streaming space, YouTube. Since eight months before he created a poll asking his subscribers if he should post another video of him on the platform.
Currently, he has around 3,00,000 subscribers on YouTube. His poll received a positive response from the subscribers. Almost 5k people voted for him to post another video. He then asked people about the genre of his video and a few other things. Although currently there is not much information available about him online about his current working status. He is also not active on any social media platforms except his YouTube channel.
#4. Utilising the potential of a digital audience
Through tagging as well as sharing video aspects of YouTube, the app started gaining popularity. Because of its easy accessibility as well as the convenience it is used by a huge number of masses. He and his co-founder’s involvement in the working of the entire ecosystem of YouTube have made this app highly demanded by the users. His co-founders failed to accept the huge amount of shares offered by Google to acquire YouTube.
The first CEO of YouTube was Chad Hurley, one of Jawed Karim’s founders. In 2005 he was appointed as CEO in Pennsylvania. In 2010 they planned for another video streaming venture named MixBit.
All of this was done with the collaboration of his fellow co-founder of YouTube, Steve Chen. Currently, MixBit is recognised as Zeen. BlueJeans, which is a conference service provider based on cloud video, acquired Zeen in August 2018.
#5. Providing a free video streaming service
Karim became an intern at Silicon Graphics at the university. He had proficient knowledge of 3D voxel management of data for larger data sets which renders volume and other factors.
His first video was recorded by Yakov Lapitsky who is one of his high school friends. This video was shot at San Diego Zoom having millions of views currently. Check Jawed Karim’s first YouTube video @Jawed.
Today YouTube has become the 2nd most visited website. On average it has approximately more than 1 million users visiting the app every day. Jawed Karim net worth is in the millions. According to the reports it is reported it is watched by its users who watch more than 1 billion hours of videos per day. In 2019 the videos were getting uploaded at a rate of 500+ hours of content each minute.
In October 2006, at the University of Illinois, he briefed about the history of YouTube during the annual ACM conference which is named Youtube from concept to the hyper-growth. Further in the year 2008, during May, he again visited the University of Illinois as the 136th youngest Commencement Speaker in the history of his school.
#6. Integration of YouTube with Google
On November 6, 2013, it was told by Google that to comment on a YouTube video, an individual must have a Google+ account, this decision was not accepted by the YouTube community.
An online petition was generated which was signed by 240,000 people to abort this decision by Google. This decision was massively opposed by the co-founders. Karim even posted about the same on his YouTube account about him being unable to comment without having a Google account. As a result of massive opposition by the YouTube community, Google took back their decision of forcing the users to make a Google account which is one of the common reasons behind the unpopular Google integration with the users of YouTube.
In the meantime Google immediately dropped its requirements from all kinds of products, starting with YouTube. In October 2018 it was announced by Google developers that they are permanently shutting down Google+ since it failed to earn adoption by consumers and developers.
#7. Strong Family Background
Jawed Karim took birth on October 28th, 1979, in Merseburg of East Germany. His father was Bangladeshi and his mother was German. His father named Naimul Karim was a Muslim Bangladeshi. He was a researcher at 3M. His mother, Christine, was a renowned German scientist at the University of Minnesota of biochemistry.
He had two siblings and he was the elder of both of them. In the early 1980s, the German border was crossed by him with his family due to the fear of Xenophobia. He was brought up in Neuss of West Germany. He experienced Xenophobia there too. In 1992 along with this family he shifted to Saint Paul in Minnesota. In 1997 he completed his graduation from Saint Paul Central High school. At Urbana Champaign, he joined the University of Illinois.
After being selected as an employee at PayPal he left his campus before his graduation. Although he continued his education further. He got his bachelor degree in computer science. From Stanford University he received his master’s degree in computer science.
Jawed is proficient in three languages such as English, German and Bengali. Jawed Karim’s biggest achievement from a career perspective till now is the foundation of YouTube. Along with YouTube, he has also founded Youniversity Ventures.
In 2014 he received the nomination for the Distinguished Achievement Award for being a graduate of computer science. Most of the anti-fraud systems of PayPal were developed by him. Jawed Karim net worth is in the millions.
Frequently Asked Questions (FAQ’s)
Q1. Where did Jawed invest his money after Youtube?
A: After YouTube was sold by Jawed and his co-founders he found Youniversity Ventures which is also regarded as Y ventures. It is a kind of venture fund. Airbnb counted him as one of its first investors. He also invested his money in startups like Reddit and other platforms. Currently, Karim is running a venture fund with Keith Rabois as well as Kevin Hartz.
Q2. How rich are the founders of YouTube?
A: Jawed Karim who is an American German technologist as well as an entrepreneur was one of the three minds behind the creation of YouTube. Jawed Karim net worth is estimated to be $160 million currently. Anyone having Internet connectivity would have seen videos on YouTube at least once in their life.
Q3. Who is the first CEO of YouTube?
A: Susan Wojcicki is considered to be the CEO of Alphabet subsidiary of YouTube, which has approximately 2 billion monthly users. In 1998, Google with his co-founders Sergey Brin as well as Larry Page put Wojcicki’s garage which is in Menlo Park, California on rent. The development of Google’s search engine took place there.
Q4. How much amount YouTube was sold to Google?
A: After studying Computer Science at the University of Illinois he started working as an employee at PayPal. The three bright minds, Jawed Karim, Steve Chev and Hurley built YouTube and sold the company to Google for $1.65 billion in October 2006.
Q5. Is Jawed Karim a dropout?
A: Karim was brought up in East Germany in 1970. During his junior year, he dropped out to join Silicon Valley and afterwards he became an employee at PayPal. He completed his undergraduate degree by referring to some online courses from Santa Clara University
Conclusion
The founder of YouTube, Jawed Karim, Steve Cheve and Chad Hurley sold it for a lump sum amount of $156K in the year 2006. Jawed Karim net worth is in the millions.
After being selected as an employee at PayPal he left his campus before his graduation. Although he continued his education further. On average it has approximately more than 1 million users visiting the app every day.
Both Steve Chen as well Chad Hurley got around 700,000 shares of Google. At the time when the deal was closed its worth was around $345 million. Currently, the worth of those shares is $700 million.
These founders are still investing as well as experimenting with various other business ventures. Right after co-founding YouTube, he thought of leaving to enrol at Stanford for completing his graduation.
Jawed Karim was the first person to upload a video on YouTube named ‘Me at the Zoo’. Currently, that video has over 61 million views. In October 2018 it was announced by Google developers that they are permanently shutting down + since it failed to earn adoption by consumers and developers. Further in the year 2008, during May, he again visited the University of Illinois as the 136th youngest Commencement Speaker in the history of his school.
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