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How Much of Shopify Does Tobi Own?

Last updated on October 1, 2022 @ 2:30 pm

Tobi Lutke is the founder, CEO and chairman of Shopify, an e-commerce platform for businesses of all sizes that allows users to create their own online stores. Lutke owns approximately 70% of Shopify, according to the company’s most recent public filing.

Lutke co-founded Shopify in 2004, after unsuccessfully trying to sell snowboards online. He was inspired by the success of Amazon.com and decided to create a platform that would allow businesses of all sizes to sell their products online.

Shopify now has more than 1 million users and is one of the most popular e-commerce platforms available.

PRO TIP: Tobi Lutke, the founder and CEO of Shopify, owns approximately 82% of the company. This is a very high level of ownership and control, which may pose risks to other stakeholders. For example, if Tobi were to make decisions that are not in the best interests of the company, it would be difficult for other shareholders to hold him accountable. Therefore, it is important to monitor Tobi’s actions and decisions closely.

Lutke’s 70% stake in Shopify is worth approximately $9.2 billion as of March 2018. He also owns a number of other companies, including Ottawa-based software development firm Jet Cooper and Vancouver-based clothing retailer Kit and Ace.

How Much of Shopify Does Tobi Own?Tobi Lutke owns approximately 70% of Shopify, according to the company’s most recent public filing.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.