As one of the most talked-about figures, Chris DeWolfe has built a significant fortune. In this article, we dive deep into the assets and career highlights.

What is Chris DeWolfe's net worth?

News Corp acquired Myspace for $580 million in July 2005. Prior to the sale, Myspace had been restructured several times resulting in a rather complicated equity shareholder pool.

Chris DeWolfe was born on March 27, 1966, in Portland, Oregon. He grew up in a middle-class family. Both his mother and father were teachers. He went to Lincoln High School followed by the University of Washington where he earned a B.A. degree in Finance. He also attended the University of Southern California, where he focused on Marketing and Entrepreneurial studies. He earned an M.B.A. from the USC Marshall School of Business. After graduating, DeWolfe worked in several jobs in the tech industry before co-founding MySpace in 2003.

In the end, Redpoint made $44.5 million off their $15.5 million investment in less than a year. VantagePoint made $139 million off their $15.3 million investment. In total, between cash outs, acquisitions and salary, Anderson and DeWolfe both grossed roughly $40 million from the MySpace venture.

Chris DeWolfe is an American entrepreneur who has a net worth of $50 million. Chris DeWolfe earned his fortune as the co-creator of MySpace. He served as CEO of MySpace,  strategic advisor for MySpace and as a member of the board on MySpace China. Chris was crucial in shepherding MySpace towards its 2005 acquisition by News Corp for $580 million. Between equity sales, salaries and bonuses, Chris earned around $40 million off MySpace. After Chris stepped down as CEO of MySpace, he was replaced by former Facebook Executive,Owen Van Natta. He would go on to serve as CEO of a number of Los Angeles-based startups, notably mobile game developer Jam City Inc.

In February 2005, Myspace took on another $15.5 million from a company called Redpoint. At the time of the Redpoint investment, 25% of the equity was set aside for six employees who were considered the founders of Myspace. This group includedTom Andersonand Chris DeWolfe who each sold $3 million worth of their equity to Redpoint. There was one catch to the Redpoint investment though: If Redpoint was able to sell MySpace for greater than $125 million within one year, the founders stake would be limited at that $125 million valuation. That meant, when News Corp acquired Myspace for $580 million, the six founders received a combined$30 million.

According to the book "Stealing Myspace", by Wall Street Journal reporter Julia Angwin, DeWolfe and Anderson each took $10 million of that cut, leaving $10 million for the remaining four founders to split. DeWolfe and Anderson were then both given two-year $30 million contracts with News Corp.

Early on, the company received $15.3 million in funding from a company called VantagePoint.

News Corp Acquisition of MySpace

In summary, the total wealth of Chris DeWolfe reflects strategic moves.

Disclaimer: All net worth figures are estimates based on public data.