What is Andreas Ehn’s net worth?

Last Updated on January 7, 2024
Written by CPA Alec Pow | Content Reviewed by CFA Alexander Popinker

Andreas Ehn is a Swedish entrepreneur and investor who has reached popularity by making investments in promising start-ups. In 2006, he co-founded Spotify and is also an initial investor in this music streaming company. Plus, he co-founded the mobile gift-giving platform Wrapp and invested from the start in businesses such as Klarna, King, Skype, and many more.

Aside from being Spotify’s CTO, Andreas Ehn was the company’s first employee. He worked there for almost three years and a half. He was not only the system designer and the architect of systems but also a key figure in the supervision and selection of the tech and product teams.

What is Andreas Ehn net worth?

At the time this article is written, the former Spotify CTO, Andreas Ehn has a net worth of $1.5 billion. His ex-partner, Daniel Ek, who is a serial entrepreneur and former Spotify CTO, as well, has a net worth of more than $10 million.

Andreas makes money from several companies and tech-related business endeavors and from real estate and stock investments.

Early life of the former Spotify CTO

Andreas Ehn was born in Stockholm, Sweden in 1977 and he holds the Sweden nationality.

In 1998, he graduated from the Royal Institute of Technology with a degree in software engineering.

After that, he worked in the IT industry, first for Ericsson, a Swedish telecom company, and later for the online music streaming service Spotify, which he also co-founded.

Since then, Andrea Ehn has founded many other companies, including Acast, Wrapp, and Rebtel.

Career

In 1999, Andreas Ehn founded his own business, Tradedoubler. Before that, he worked as a software programmer for different companies. In 2006, he sold Tradedoubler to a private equity fund. The same year, Andreas co-founded Spotify and was also the first investor in the business. Actually, the company Spotify was founded by Daniel Ek, when he was only 23 years old, together with Martin Lorentzon, a Swedish businessman.

According to statistics, Spotify today has around 160 million active users worldwide. 8 million people pay to use it daily. It is undoubtedly a golden idea, with an extremely solid base.

If you want to know more about the creation of Spotify, now, you can find the fiction series “The Playlist” on Netflix. It is based on the 2021 book by Swedish journalists Sven Carlsson and Jonas Leijonhufvud, is divided into six parts, and tells the story of Daniel Ek and his business partners who founded the company Spotify.

You might also like our articles on the net worth of Sharon Laday, Anna Delvey, or Elon Musk.

The 45-minute episodes cover not only the idea and programming but also key legal rights issues, as well as the impact of streaming on artists’ livelihoods. The series is directed by Per-Olav Sørensen.

In August 2022, Spotify launched a new ticketing website for live events.

After he left Spotify, in 2009, Andreas worked for more than four years as an advisor at the startup European video ad servicer Videoplaza. In 2010, the CEO of Videoplaza, Sorosh Tavakoli, stated in a Tech Crunch article that Andreas has a lot of experience in how to scale a company with massive traffic and loads of data while keeping everything very fast.

In 2011, Andreas co-founded Wrapp, a mobile online-to-offline customer acquisition solution for brick-and-mortar traders. In 2014, Ehn left his position as the company’s CTO but continued to serve on the board until 2015. In 2019, the business was bought by Meniga for an unknown amount.

Private life

Andreas Ehn is married to Lisa Enckell, who is also his business partner. They have two sons together.

In 2015, Andreas and Lisa founded Approach, which is a project to learn more about the world. Their aim was to spend five years living in ten different countries to learn and work with early investors and startups.

Over the last few years, they lived in Germany, India, and Indonesia. Currently, they live in Singapore with their two children.

Frequently Asked Questions

Who is Andreas Ehn?

Andreas Ehn is the ex-CTO id Spotify and is currently the partner at Approach.

Who is Daniel Ek?

Daniel Ek is the CEO and co-founder of the multi-million company Spotify.

Who is Andreas Ehn married to?

Andreas Ehn is married to Lisa Enckell.

Does Andreas Ehn have any real estate?

Andreas has several properties across Sweden. Also, he makes money through investing in real estate and the stock market.