What is Steve Case's Net Worth?
Steve Case, an American entrepreneur, investor, and businessman has a net worth of $1 billion. Born in Honolulu, Hawaii, Case's career in marketing began in the early 80s with companies like Pizza Hut, Inc., Control Video Corporation, and Quantum Computer Services, which he co-founded. In 1991, he renamed the company America Online (AOL) and focused on community-based applications. By 2002, AOL had 26.7 million subscribers. Case was instrumental in orchestrating AOL's merger with Time Warner, seen as one of the most disastrous corporate mergers of all time. He resigned as AOL's CEO in 2003 to concentrate on his initiatives funded by his company Revolution, LLC. Additionally, he chairs the Case Foundation and the Startup America Partnership, and is a member of the President's Council on Jobs and Competitiveness.
Early Life and Education
Steve Case was born on August 21, 1958, in Honolulu, Hawaii to Carol and Daniel. He has a brother named Jeff, a sister named Carin, and another brother, Dan, who passed away in 2002. Case attended the private Punahou School, from which he graduated in 1976. He then attended Williams College in Massachusetts, graduating in 1980 with a degree in political science.
Career Beginnings
Following his college graduation, Case worked as an assistant brand manager at Procter & Gamble in Cincinnati, Ohio. He then became a marketing manager at Pizza Hut in Wichita, Kansas. In 1983, introduced by his brother Dan to Control Video Corporation CEO Bill von Meister, Case was hired as a marketing consultant and later became a full-time marketing employee.
Quantum Computer Services
After Control Video Corporation dissolved, employee Jim Kimsey founded Quantum Computer Services and hired Case as vice president of marketing, promoting him to executive vice president in 1987. Case partnered with Marc Seriff to create the online service Quantum Link for the Commodore 64, and later PC Link for IBM and AppleLink for Apple computers. He also pioneered online interactive games such as "Habitat," "Club Caribe," and "Quantum Space."
AOL
In 1991, Quantum Computer Services became America Online (AOL), merging its PC and Apple services. Case became CEO and by 1994, AOL had one million subscribers. Pioneering social media with chat rooms, forums, and instant messaging, AOL's user base hit 26.7 million in 2002. However, the 2001 merger with Time Warner was a disaster following the dot-com bubble burst and accounting scandals. Case resigned as chairman in early 2003 but remained on the board of directors for three years.
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Revolution
After resigning from AOL, Case co-founded the venture capital firm Revolution with Donn Davis and Tige Savage. Based in Washington, DC, the firm funds transformational entrepreneurs outside coastal tech hubs. Revolution operates three major investment funds: Revolution Ventures (early-stage technology), Revolution Growth (mid-range consumer technology), and Revolution Places (real estate and hospitality), with investments in companies like Zipcar, sweetgreen, and DraftKings.
Philanthropy and Advocacy
Case chairs the Case Foundation, co-founded with his wife Jean in 1997, supporting civic engagement and nonprofits. He became a Citizen Regent of the Smithsonian Institution in 2011 and co-chaired the Bipartisan Policy Center's Democracy Project. A strong advocate for immigration reform, Case believes immigrants are vital to America's entrepreneurial culture and economy.
Books
Case authored "The Third Wave: An Entrepreneur's Vision of the Future," a New York Times bestseller in 2016 about technological innovations and the Internet. His second book, "The Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream," was released in 2022.
Personal Life
In 1985, Case married Joanne Barker, with whom he had three children before divorcing in 1996. He married former AOL executive Jean Villanueva in 1998, and they have two children.
Hawaiian Real Estate
Steve Case controls tens of thousands of acres in Hawaii, including a controlling interest in Maui Land & Pineapple Company and the historic agricultural site Grove Farm.
Merrywood Estate
In 2005, Steve paid $24.5 million for the Merrywood Estate in McLean, Virginia, once home to Jacqueline Kennedy. The estate features a 23,000-square-foot mansion overlooking the Potomac River. In June 2017, he listed it for sale at $49.5 million, eventually selling it for $43 million in May 2018.
