Shawn Fanning is a popular computer programmer from the United States who developed the file sharing platform, ‘Napster’. He is an angel investor and entrepreneur. Napster was developed in 1999 and was very popular at one time. Fanning is also the creator of the company called ‘Snocap’, which is a marketplace for digital media. He has acted in a movie and was the subject of the documentary called ‘Downloaded’. Here is a quick summary of Shawn Fanning’s net worth in 2019, career and earnings.
Shawn Fanning is the son of Coleen and Joe Fanning. He was born in Massachusetts’s Brockton on 22 November 1980.
After completing his high school, he went to the Northeastern University. In there, be began working on ‘Napster. He made music sharing popular among the students of Northeastern University.
Shawn Fanning has been successfully married with Jessica Wigsmoen. It has not been known on when the couple got married and there is no information if they have any children.
He has been active in his profession since he was a teenager. In 2013, he was a subject of the documentary entitled ‘Downloaded’ by Alex Winter.
While still a student at the Northeastern University, Shawn Fanning developed Napster. It became one of the most popular files sharing platforms at that time. It was shut down in 2001 for copyrighted material. Later, a subscription version of it was made available. It was bought by Rhapsody in December 2011.
Napster was developed along with Shawn Parker. In 2003, he formed Snocap, which is digital media’s legitimate marketplace. This was created by Jordan Mendelson and Ron Conway. Due to technical issues and poor customer support, the company laid off its workforce by 60%. It was acquired by imeem in 2008.
In 2007, the project Rupture was announced. It was created with CrunchBase notes and seed funding. Fanning became the chief executive officer of the company. It was designed by Fanning himself as a social networking tool.
Rupture was acquired by Electronic Arts. He had his own team in the new company, but it was short-lived. After leaving Electronic Arts, Fanning created Path.com. Dave Morin left Facebook in 2010 to be the chief executive officer of Path.
In 2011, he again worked with Sean Parker to launch Airtime.com. The company’s executive chairman is Parker and Fanning became the CEO. It had investors like Ashton Kutcher, Michael Arrington, and Ron Conway.
In 2003, Fanning was seen in the movie ‘The Italian Job’. He has also appeared in a commercial of Volkswagen which was directed by Roman Coppola. In 2000, he presented the MTV Video Music Awards.
Awards & Achievements
Shawn Fanning is a very successful computer programmer and is best known to be the developer of Napster. In 2000, he featured in the cover of Time magazine. In 2002, he appeared in the list of “the top 100 innovators in the world under the age of 35” by MIT Technology Review TR100.
Net Worth of Shawn Fanning
The estimated net worth of Shawn Fanning is more than $10 million. He made this fortune by creating many companies. He is popular as the founder of Napster. He has also successfully founded Path, Airtime.com, Rupture, and Snocap. Rupture was acquired for $15 million by Electronic Arts. Shawn Fanning is also an angel investor and has done several other ventures. He has appeared in a movie and has also done a commercial. He is very active in his career and there can be a good increase in his net worth in the near future.
Shawn Fanning is one of the most famous computer programmers in the world. Through Napster, he eased file sharing for the students of Northeastern University. He is a very talented person. Despite being in the computer programming industry, he is not active in social media.