Read about Brad Garlinghouse net worth, age, wife, children, height, family, parents, salary and career as well as other information you need to know.
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Brad Garlinghouse is an American businessman. He is currently the CEO of the financial technology company Ripple Labs. He previously was the CEO and chairman of Hightail (formerly YouSendIt). Before Hightail, he worked at AOL and Yahoo!
|Net Worth||$10 billion|
Bradley Kent Garlinghouse was born on February 4, 1971 (age 52 years) in Topeka, Kansas, United States. He is the son of American parents. He has a BA in economics from the University of Kansas and an MBA from Harvard Business School.
Brad Garlinghouse had early stints at @Home Network and as a GP at @Ventures before joining Dialpad as CEO from 2000 to 2001. From 2003 to 2008, he served as Senior Vice President at Yahoo! where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Messenger divisions. While at Yahoo! he penned an internal memo known as the “Peanut Butter Manifesto,” calling for the company to focus on its core business, rather than spreading itself too thin, like peanut butter.
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Garlinghouse served as a Senior Advisor at Silver Lake Partners after Yahoo!, and then went on to be President of Consumer Applications at AOL from 2009 to 2011. He joined Hightail and served as its CEO until September 2014, leaving after a disagreement with the board regarding company direction.
He previously held board positions at Animoto. Garlinghouse joined Ripple as COO in April 2015, reporting to then-CEO and co-founder Chris Larsen. He was promoted to CEO in December 2016.
In December 2019, Garlinghouse announced that Ripple had raised a $200M series C funding round from Tetragon, SBI Ventures and Route 66 Ventures. In 2020 Garlinghouse admitted that Ripple Labs would be losing money if it did not have the revenue generated from the sales of the XRP cryptocurrency.
In 2018 and 2019, Garlinghouse claimed on multiple occasions that the published error rate for SWIFT messaging was at least 6%. This was shown to be untrue by research published by the London School of Economics Business Review that showed Garlinghouse’s claims were based on a misreading of a paper published by SWIFT that did not refer to error rates in messaging.
Garlinghouse has been personally named in a group of class actions, notably Zakinov v. Ripple Labs Inc. (case number 18-6753), running since 2018 that claim Garlinghouse and his employers, Ripple Labs Inc. have been in breach of various California and Federal securities laws.
He was also a party to Bitcoin Manipulation Abatement LLC v. Ripple Labs Inc., which was administratively closed with reference to case 18-6753 previously mentioned.
On December 23, 2020, the U.S. Securities and Exchange Commission (SEC) issued a complaint alleging that Garlinghouse, Ripple Labs and Ripple Chairman Chris Larsen had committed multiple breaches of securities laws.
Brad Garlinghouse’s remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential business executives in the United States. He stands at an appealing height of 1.78m and has a good body weight which suits his personality.
Is Brad Garlinghouse married? Brad Garlinghouse is a married man and has children with his wife. He married his wife Kristen Elizabeth Mautner in the United States. As of May 2023, Brad and his wife Kristen reside in California.
Brad Garlinghouse net worth
How much is Brad Garlinghouse worth? Brad Garlinghouse net worth is estimated at around $10 billion. His main source of income is from his primary work as a business executive. Brad Garlinghouse’s salary per month and other career earnings are over $4 million dollars annually.