Michael Arrington's Net Worth: An Overview
Michael Arrington, an American blogger and entrepreneur, has accumulated a net worth of $15 million. Arrington is best known for creating TechCrunch, a prominent website profiling startups, products, and companies, which he ultimately sold to AOL.
Early Life and Education
Raised in Huntington Beach, California, and Surrey, England, Arrington attended the University of California, Berkeley, before graduating from Claremont McKenna University with a degree in economics. He furthered his education by attending Stanford Law School.
Professional Career
As a legal professional, Arrington worked for prestigious firms, including O'Melveny & Myers and Wilson Sonsini Goodrich & Rosati, specializing in corporate and securities law.
The TechCrunch Journey
Launching TechCrunch, Arrington created a platform that significantly influenced the tech industry. In 2010, AOL acquired TechCrunch for a sum ranging between $25 million and $40 million, though the exact figure remains undisclosed.
Other Ventures
Besides TechCrunch, Arrington co-founded Achex, an internet payments company later sold to First Data Corp for $32 million. He also founded Edgeio and served as the COO of Razorgator.
Recognition and Influence
Arrington's impact on the tech world did not go unnoticed. In 2008, Time Magazine named him one of the world's most influential people. Despite leaving TechCrunch in September 2011, he returned a year later.
Venture Capital and Advocacy
Arrington co-founded the venture capital firm CrunchFund, emphasizing his belief in the entrepreneurial path. He is also known for advocating the idea of dropping out of college to pursue entrepreneurship.
