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

What is Tom Anderson's net worth?

In 2000, Anderson was working as a copywriter and product tester at a digital storage company called XDrive. At XDrive, he met future Myspace co-founder Chris DeWolfe. The company went bankrupt the following year. Tom and Chris soon co-founded ResponseBase, a direct marketing company.

As we detail later in this article, Tom and Chris only owned small fractions of MySpace when the company was acquired by NewsCorp in 2005. Prior to the 2005 acquisition, the company had restructured several times after various venture capital investment rounds. In total, between cashouts, acquisitions, and salary, Anderson and DeWolfe both grossed roughly $40 million from the Myspace venture.

Tom Anderson was born on November 8, 1970, in Escondido, California. His father was an entrepreneur who "had one crazy idea after another." While attending San Pasqual High, Tom was a hacker using the pseudonym "Lord Flathead," and after he hacked into Chase Manhattan Bank's computer system, the FBI raided the Anderson home and confiscated Tom's computer equipment. They didn't arrest Anderson because he was only 14 at the time, but he was put on probation. After high school, he enrolled at the University of California, Berkeley, to study English and later served as the lead vocalist of the band Swank. Tom moved to Taiwan, then returned to California to attend film school at the University of California, Los Angeles.

Tom originally came to work on Myspace via a company called eUniverse, which was founded by internet entrepreneurBrad Greenspan.

The idea behind Myspace came about after the 2002 launch of Friendster. Several people with Friendster accounts were employees at eUniverse. They quickly recognized the potential for such a social network. They formed a team and set about to mimic the more popular features of the rival social networking website.

Anderson created the first Myspace pages in 2003, and after eUniverse became Intermix Media, Myspace gained popularity. By the summer of 2005, when Myspace was sold to News Corp, the social network was used by 16 million people per month, and by January 2006, 200,000 new users were signing up every day. Myspace had grown to become the most popular social network in the U.S. by June 2006, and it held this rank until April 2008, when it was taken over by Facebook. From that point on, Myspace declined rapidly in popularity. In the prime of Myspace, the company employed 1,600 employees. That was reduced to 1,000 after laying off 30% of the workforce in June 2009. By June 2011, further job cuts reduced its size to 400 employees. In June 2011, Myspace was sold to Specific Media for $35 million plus a 5 percent equity stake in Specific Media.Justin Timberlakealso took a small stake in the deal.

Tom Anderson is an American entrepreneur who has a net worth of $60 million. Tom Anderson earned his net worth as the co-founder of the social networking website Myspace and through successful real estate investments. He co-founded Myspace in 2003 withChris DeWolfeand was later president of Myspace and a strategic adviser for the company. He became famous because his photo was the default friend for everyone who joined the social network.

In late 2002, Tom and Chris sold ResponseBase to eUniverse and became eUniverse employees. The idea behind Myspace came about after the 2002 launch of Friendster. Several people with Friendster accounts were employees at eUniverse, and they quickly recognized the potential for such a social network. They formed a team and set about to mimic the more popular features of the rival social networking website.

In summary, the total wealth of Tom Anderson reflects strategic moves.

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