Mark Shuttleworths Impressive Net Worth


Mark Shuttleworth boasts a staggering net worth of
$500 Million


Mark Shuttleworth: A Brief Biography

Mark Richard Shuttleworth, born on 18th September 1973 in Welkom, Orange Free State, South Africa, is renowned as an entrepreneur, particularly for founding Canonical Ltd, responsible for the development of the Ubuntu operating system based on Linux. His pivotal role in its development since 2004 has greatly contributed to his current net worth.

As of late-2017, sources estimate Mark Shuttleworth’s net worth at $500 million, primarily stemming from his business acumen. Notably, he holds the distinction of being the first citizen from an independent African country to embark on a space tourism adventure. His continued success in business endeavors is expected to further elevate his wealth.

Mark Shuttleworth’s Net Worth: $500 million

Mark’s educational journey began at Western Province Preparatory School and concluded with a university stint at the University of Cape Town, where he studied Finance and Information Systems and played a role in installing the first residential internet connections at the campus.

After graduation, Shuttleworth established Thawte Consulting in 1995, specializing in internet security and digital certificates. During this period, he was also involved in developing the Debian operating system. Four years later, VeriSign’s acquisition of Thawte for $575 million significantly bolstered his net worth. In 2000, he founded HBD Venture Capital, a business incubator, which paved the way for the establishment of Canonical Ltd, funding the development of Ubuntu. He also acquired a 65% stake in Impi Linux and embarked on a journey to Antarctica. He continued his tenure at Canonical until relinquishing the CEO position in 2010, redirecting his energy towards clients, partnerships, and product design. Jane Silber succeeded him as CEO of Canonical.

In the same year, Mark received an honorary degree from the Open University. Three years later, he received the Austrian anti-privacy Big Brother Award. His net worth continued to soar due to various astute business investments.

Mark Shuttleworth made history by becoming the first South African in space and the second self-funded space tourist in 2002. He joined the Russian Soyuz TM-34 mission and spent eight days at the International Space Station (ISS) after undergoing a year of rigorous training. He owns a private jet named Canonical One and is an active philanthropist, establishing the Shuttleworth Foundation dedicated to open source software projects. Additionally, he created the Ubuntu Foundation with an initial investment of $10 million. He encountered a legal tussle with the South African Reserve Bank when attempting to transfer his assets from South Africa to the Isle of Man. The Constitutional Court of South Africa later overturned the lower courts’ rulings on the matter. Mark currently resides in the Isle of Man and holds dual citizenship of South Africa and the UK. According to reports, he is averse to public speaking, and details about his romantic relationships remain undisclosed.

  • Structural Info
Net Worth$500 Million
Date Of BirthSeptember 18, 1973
Place Of BirthWelkom, Free State, South Africa
ProfessionEntrepreneur
EducationUniversity of Cape Town, Rondebosch Boys’ High School, Diocesan College
NationalitySouth African / British
ParentsRonelle Shuttleworth, Richard Dalton Shuttleworth
SiblingsGrant Shuttleworth, BradleyShuttleworth
IMDB




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