Chris DeWolfe was born in 1966, in Portland, Oregon USA, and is an entrepreneur best known as a co-founder of the MySpace social network, and is currently working as a CEO of Social Gaming Network (SGN).
Have you ever wondered how rich Chris DeWolfe is, as of mid- 2016? According to authoritative sources, it has been estimated that DeWolfe’s net worth is as high as $50 million, an amount earned through his successful project called MySpace. In addition to being a creator of one of the most popular social networks at the time, DeWolfe is now working as a CEO of SGN which continues to improve his wealth.
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Chris DeWolfe Net Worth $50 Million
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Chris DeWolfe attended the Lincoln High School in Portland, and later studied at the University of Washington, from where he graduated in 1988. While at University, DeWolfe was a member of Beta Theta Pi Fraternity, and then earned an MBA from the University of Southern California.
DeWolfe worked as vice president of marketing for the First Bank of Beverly Hills in 1997, and as vice-president of sales and marketing for Xdrive Technologies from 1999 to 2001 when they went out of business. In 2001, he and Tom Anderson formed an Internet marketing firm called Response Base, and they launched MySpace in August 2003. Although the original website was created by DeWolfe in 1998, Anderson helped him to improve the concept in 2003, and it became a top social network site at the time.
It was originally designed for unknown musicians and bands to share their music with a worldwide audience, but soon after its re-launch, MySpace turned out to be a new trend among teens and 20-somethings in the mid-2000. At its peak, MySpace had more registered users than any other social networks on the web, and until 2009 MySpace was even bigger than Facebook. However, in 2005 Anderson and DeWolfe decided to sell the website to Rupert Murdoch’s News Corporation for $580 million. The sale significantly increased DeWolfe’s net worth, but he remained the CEO until 2009 when he stepped down and became a strategic adviser to MySpace.
In 2010, DeWolfe came-up with the idea to purchase the social gaming platform called MindJolt, and the investment company Austin Ventures helped him in his plans, so Chris became a co-owner of the platform, along with former MySpace colleagues Colin Digiaro and Aber Whitcomb. The platform improved during the year, and in 2011 DeWolfe acquired two more companies and added them to MindJolt – the Hallpass Media, a free online gaming network, and Social Gaming Network, a mobile games company.
MindJolt officially changed its name to Social Gaming Network in February 2012, and DeWolfe became the CEO; most recently, the company announced a $130 million investment from South Korean number one mobile games publisher called Netmarble Games. DeWolfe is currently on the board of the directors for a digital media company and publisher of news and entertainment sites, called Woven Digital.
Regarding his personal life, Chris DeWolfe’s intimate details are relatively unknown, and he is doing a great job to keep them far away from the public eyes. It’s a mystery whether he is married or not, and any children are also out of the reach.
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