How much is Matt Mullenweg net worth? American web developer and social media entrepreneur Matt Mullenweg has a net worth of $400 million. Matt Mullenweg is the main developer of the open-source, cost-free blogging software WordPress, which is managed by The WordPress Foundation. Additionally, he founded Automattic, Inc., the for-profit site development branch of WordPress.com.
Matt Mullenweg Net Worth
Matt Mullenweg net worth is $400 million. In 2009, Matt reportedly turned down a $200 million offer to purchase Automattic. Matt stated that in August 2019, Automattic paid $3 million to acquire Tumblr. Additionally, he revealed that 200 or more Tumblr employees would join Automattic. He also controls Crowdsignal, Gravatar, and Akismet under his empire.
Mullenweg co-founded the Global Multimedia Protocols Group, which among other things created the first microformat in 2003 while working at CNET. As of this writing, Automattic has received $986 million across twelve rounds, and its most recent valuation is $1.2 billion.
Childhood Of Matt Mullenweg
On January 11, 1984, Matthew Charles Mullenweg was born in Houston, Texas. As a teenager, he studied jazz saxophone at the High School for the Performing and Visual Arts. At the University of Houston, Mullenweg persisted in his studies of political science before leaving in 2004 to concentrate on his professional career.
Matt Mullenweg Founded WordPress
WordPress is a free and open-source content management system that was created in 2003 by Mullenweg, a college student, and English developer Mike Little. The platform, which was initially created for the purpose of publishing blogs, has evolved over time to support a number of other types of web content, including mailing lists, media galleries, online stores, and learning management systems.
In order to integrate WordPress into the website and help the company with blogs and other media products, Mullenweg was hired by CNET in late 2004. You can also read about Andrew Tate Net Worth.
Global Multimedia Protocols Group By Matthew Mullenweg
While still a student, Mullenweg co-founded the Global Multimedia Protocols Group with Eric Meyer and Tantek elik. The group developed the first microformat, XFN, and came up with methods for describing interpersonal relationships with the help of the XHTML Friends Network.
In the summer of 2005, Matt Mullenweg founded Automattic to oversee his growing portfolio of web services. His first notable brand offered through the company was Akismet, a tool that filters spam from online comments, trackbacks, and contact form entries. Soon after, Mullenweg unveiled WordPress.com, a self-publishing platform that swiftly overtook all other blog hosts as the most popular globally. At the start of 2014, Mullenweg succeeded Toni Schneider as CEO of Automattic. You may consider reading about Bazzi Net Worth.
Thanks to the multiple well-known companies it has acquired over the years and the millions of dollars in venture capital it has raised since its founding, Automattic has experienced tremendous growth. Its portfolio now includes names like Longreads, Gravatar, Sensei, Cloudup, WPScan, Newspack, and Jetpack. Additional noteworthy resources include the microblogging and social networking website Tumblr, the diary app Day One, and the technology company Parse.ly, which provides web analytics and content optimization software to online publishers.
Matt Mullenweg Honors And Awards
Matt Mullenweg has won numerous honors for his services to business and technology. The Temple University Information Technology Innovator Award was granted to him that year. In the years that followed, he was included on a number of lists of the top online influencers, including those created by BusinessWeek, Business Insider, and Forbes. You can also read about Katie Ledecky Net Worth.
Philanthropy By Matthew Mullenweg
Mullenweg supports nonprofit organizations like the Innocence Project, the Long Now Foundation, the Electronic Frontier Foundation, and the Free Software Foundation on the charitable front. He has also made large contributions to the nonprofit Charity: Water and the art installation “Bay Lights” in San Francisco.
Final Lines: Matt Mullenweg net worth is $400 million. In addition to his business endeavors, Mullenweg frequently lectures at events all around the world. He has presented at events including WordCamp, SxSW, the Lean Startup Conference, and YCombinator’s Startup School, among other places.
If you liked our article please follow our website: https://kerrvillebreakingnews.com