Andrew Mason
CEOs

Andrew Mason Net Worth

Andrew Mason is an American businessman with a net worth of $230 million. He is best known as the co-founder of the daily-deal coupon company Groupon. Mason was born in Mt. Lebanon, Pennsylvania and attended Northwestern University, where he earned a Bachelor's degree in music.
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Age, Biography and Wiki

Who is it? Entrepreneur
Birth Day October 22, 1980
Birth Place United States
Age 43 YEARS OLD
Birth Sign Libra
Net Worth: $230 Million
Gender: Male

💰 Net worth: $230 Million (2024)

Andrew Mason is an American businessman who has a net worth of $230 million. Andrew Mason acquired that net worth as a co-founder of daily-deal coupon company Groupon. Mason was born in Mt. Lebanon, Pennsylvania and attended Northwestern University, receiving a Bachelor's degree in music. Prior to becoming a public company, Groupon raised an estimated $950 million from venture capital firms. Out of that $950 million, $810 was paid out to early investors and high level executives. At the time, Groupon's co-founder and CEO Andrew Mason withdrew $30 million from the investment round. Angel investor Eric Lefkofsky took out $320 million. around this time Mason and Lefkofsky notoriously rejected a $6 billion buyout offer from Google.

While many outside investors were skeptical of this move, the company's Venture Capitalists set their sights on the anticipated November 2011 IPO. At the time of the IPO, Groupon shares debuted at $26 and Mason and Lefkofsky became an instant billionaires. Andrew Mason's net worth soon topped $1.4 billion when the share price peaked at $31.1. Eric Lefkofsky's net worth peaked at $3.4 billion. Unfortunately, in the 1.5 years that Groupon has been a public company have been a disaster. The company has experienced several accounting irregularities and a significant drop in revenue. Groupon has lost around 80% of it's value since going public. The value of Andrew Mason's 45,934,504 shares of GRPN have plummeted from an all time high of $1.2 billion to $230 million today. That's a $1 billion drop in net worth! On February 27th, 2013, Andrew Mason was fired from Groupon.

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.