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How Much Is the Founder of Shopify Worth?

Last updated on October 1, 2022 @ 5:53 pm

In May of 2015, Shopify announced that it had raised $131 million in new funding, led by Premji Invest. This brought Shopify’s total funding to $300 million and valued the company at $1.5 billion.

Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems.

Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.”

PRO TIP: The article ‘How Much Is the Founder of Shopify Worth?’ may be outdated and no longer accurate. The founder of Shopify, Tobi Lutke, may have a different net worth from when the article was published.

Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Unhappy with existing e-commerce products on the market, Lütke, Weinand, and Lake built their own platform titled “Shopify”.

Lütke used the Ruby on Rails framework to build Shopify.

In 2006, Shopify launched its platform as a SaaS product. In 2008 Shopify launched an iPhone app called “Shopify Mobile”, allowing users to access their Shopify stores from iOS mobile devices.

The app was eventually removed from the App Store in favor of a mobile optimized website. In 2010 Shopify started its Build-A-Business competition, in which participants create a business using its commerce platform.

How Much Is the Founder of Shopify Worth?

The founder of Shopify is Tobias Lütke, and he has a net worth of $1.6 billion.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.