Pete Cashmore Net Worth
Pete Cashmore, the European-born entrepreneur, boasts a net worth of $20 million. Born on September 18, 1985, in Banchory, United Kingdom, Cashmore is the founder and CEO of Mashable, a leading source of news, information, and resources for the Connected Generation.
Early Life and Career
Cashmore founded Mashable in Aberdeen, Scotland, in 2005, at the age of 19. His passion for sharing how web tools and social networks are transforming human interactions and reshaping cultures led to the creation of Mashable.
From Tech Blog to Global Media Company
Always an entrepreneur, Pete Cashmore continued to push Mashable to evolve from a tech blog to a global media company centered around technology. Today, he divides his time between Scotland and the United States.
Accolades and Recognition
In 2009, Cashmore was recognized in Inc.'s 30 Under 30, Forbes' Top 25 Web Celebs, and The Huffington Post's Top 10 Game Changers. He also writes a weekly column on technology and social media at CNN. In 2012, Cashmore made Time magazine's list of the 100 most influential people.
He was crowned by INQ as the most influential Briton and most influential Twitter user in the world in 2009. He leads Mashable's strategy with his innate sense of the web and its community being core to the company's operations and growth.
Valuation and Sale of Mashable
At its peak, Mashable raised funds at a valuation of $250 million. Cashmore's stake was worth $120 million on paper at that time. However, the company faced challenges, including laying off 30% of its staff and pivoting to video content, a strategy that failed to produce a profitable business, resulting in annual losses as high as $10 million. In November 2017, Mashable was acquired for $50 million.
Pete Cashmore has been described as the "Sage of Media" and remains one of the most influential voices of his generation, both online and offline.
