If you are wondering who is CEO of Shopify – the answer is Tobi Lutke. Tobi or Tobias Lutke is a billionaire entrepreneur, who founded the multinational e-commerce company Shopify in 2006. Shopify is headquartered in Ottawa, Ontario, Canada. Living in Canada since 2002, the Germany-born businessman belongs to the camp of reserved entrepreneurs that first make successful products and later work on the people side of the business. As an avid programmer, he never thought about Shopify as a business. But when he became CEO, Tobi grew to be a leader to take his startup to the new heights in a short span. He announced IPO in 2015. (Looking for specific details such as Shopify CEO email, Tobi Lutke net worth, or Shopify net worth? Scroll down!)
Shopify CEO Tobi has made several acquisitions along the way to expand company’s footprint and capability. Some of them include an AR app for home improvement products called Primer, a fulfillment solutions firm 6 River Systems, a B2B online platform Handshake, and a slew of others.
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Some of the rivals for the e-commerce giant in small business and large business categories include:
- Square Online
How Much Does Shopify CEO Make? (Tobi Lutke – Net Worth & Salary)
As of 2022, Tobi Lutke’s net worth is estimated to be between USD 10-16 billion. He has nearly 7% stake in his public limited company. In 2020, he reportedly earned USD 15 million in total compensation.
What Is Shopify Net Worth – Is It Profitable?
Shopify’s net worth ranges between 140 – 175 billion USD. Yes, the company is profitable. Some believe company’s valuation can soon soar to USD 1 trillion because of its strategic investments in digital goods, enterprise software, lending, and subscription services. Plus, its focus on internal innovation can be another critical factor. Baillie Gifford & Co., Morgan Stanley Investment Management, and The Vanguard Group, Inc. are some of leading shareholders in the company.
Career & Education – Company, University, & College
In 2004, Tobi started an online snowboard shop with Scott Lake and Daniel Weinand. But they were not happy with the type of software options available at that time. So, being a software engineer himself, Lutke decided to build his web-based business stage using Ruby on Rails and named it Shopify. The platform was formally made live in 2006. The success of his tech firm led him to winning many awards and accolades. He was called ‘Chief of the year’ by the Canadian newspaper The Globe and Mail, for example.
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When he was only 11 or 12, he enjoyed rewriting gaming codes and changed computer hardware. Although he was a school dropout, Lutke went to the Koblenzer Carl-Benz-School to pursue an apprenticeship program in computer programming after class X.
How To Contact Shopify CEO On Email?
Tobi Lutke Wiki – Age, Wife, Family, & More
Shopify CEO Tobi (age 41) was born in 1981 in Germany. When he was only 6, his parents gave him Schneider CPC, a home computer. He learned guitar at a later age to get over one of his childhood regrets. He can play jazz and blues. The two books that helped him prepare for leadership role for his business are Influence by Robert Cialdini and High Output Management by Andrew Grove.
Lutke has a Tesla but he uses his bike most of the times to travel to the office. He met his would-be wife Fiona McKean on a snowboarding tour to Whistler. Since she hailed from Ottawa, he moved his base to Canada from Germany. The couple has three children and they started a charitable foundation called Thistledown Foundation in 2020.