Dara Khosrowshahi Net Worth: Career & Lifestyle
The CEO of American mobility as a service provider company Uber, Dara Khosrowshahi’s net worth is a staggering $250 million.
He was announced the new chief executive officer of Uber on August 27, 2017.
Dara manages the company’s ever-growing business in more than 63 countries around the globe and also leads a team of over 22,000 employees.
Before that, the Iranian businessman Dara served as the CEO of Expedia Group. Expedia Group owns a number of travel fare aggregators.
Throughout his tenure with the company, he grew it into one of the world’s largest online travel companies.
Similarly, he has one of a tremendous resume in the information technology sector.
Aside from his current position as CEO of Uber, Dara also serves as a board member of Hotels.com and BET.com.
Likewise, he formerly served on the New York Times Company’s board.
Dara Khosrowshahi | Quick Facts
Here are some of the quick facts about one of the prominent CEOs of today’s generation Dara Khosrowshahi:
|Birthdate||May 28, 1969|
|Age||53 Years Old|
|Father’s Name||Asghar (Gary) Khosrowshahi|
|Mother’s Name||Lili Khosrowshahi|
|Siblings||Kaveh Khosrowshahi, Mehrad Khosrowshahi|
|Profession||Businessman, Internet Entrepreneur, CEO of Uber|
|Height||1.75 m/175 cm/5’8”|
|Weight||75 Kg/156 lbs.|
|Hair Color||Partly Bald|
|Eye Color||Dark Brown|
|Net worth||$250 Million|
|Favorite Books||The Boys in the Boat (Daniel James Brown)|
|Spouse||Kathleen Khosrowshahi (m. 1998-2009), Sydney Shapiro (m. 2012-Present)|
|Children||Chloe Khosrowshahi, Alex Khosrowshahi, Hugo Gubrit Khosrowshahi, Hayes Epic Khosrowshahi|
|Last Update||March 2023|
Dara Khosrowshahi | Net Worth, Income & Uber
An Iranian-American businessman and CEO, Dara Khosrowshahi’s net worth as of March 2023 is a whopping $250 million.
Dara has been able to amass such a massive fortune through his various businesses and salary as CEO of technological companies.
He is one of the highest-paid CEOs in the entire globe.
In 2001, InterActiveCorp (IAC) acquired the online travel agency Expedia and four years after the acquisition, Dara Khosrowshahi was appointed as CEO of its parent company, Expedia Group.
Dara’s salary as the CEO of Expedia was $1 million per year for 2014, 2015, and 2016.
However, it was option awards that really helped Dara earn a fortune.
In 2014, Dara earned $9,642,406 that included $1 million basic salary, $3.5 million bonuses, $23,317 other compensations and $5,119,089 in option awards.
Similarly, in 2015 the CEO earned the amount that would make him the highest-paid CEO in the world.
He earned $94,603,552 in 2015 which included $1 million base salary, $2.75 million bonus, $7,950 other compensation and a staggering $90,845,602, in option awards.
Likewise, the year 2016 saw him earn another $90 million making him the third highest-paid CEO on the planet.
The total amount included $1 million in base salaries, $1.375 million on bonuses, $73,688 in other compensations, and remaining in option awards.
Dara made just $12.3 million in the year 2020. It included $337,000 in base salary, $1.6 million in cash bonuses, $850,000 in other compensations, and about $9.5 million in stock.
That’s a 72% cut from the $42 million he earned in 2019.
He gave up his base salary of $1 million amidst COVID pandemic layoffs at Uber.
His base salary was later bumped to $6.7 million a year.
At the time of being appointed as CEO at Uber, Dara owned $85 million worth of Expedia’s vested stock options.
He had left behind around $150-$200 million in unvested stock options when he left Expedia for Uber.
To comfort Dara from this huge loss, Uber presented Dara with a package that could eventually exceed $200 million in incentives.
Uber went public in 2019, and its per-share value as of this writing is $26.78.
Similarly, it is the 272nd most valuable company in the world, with a current market cap of $57.61 billion.
The reason I brought the company’s information up is that Dara is entitled to receive a $100 million bonus once Uber’s valuation hits $120 billion and stays in the position for at least 90 days.
As per his contract, he is also eligible for the $100 million bonus if the company happens to be acquired for the aforementioned figure.
Net Worth of Dara Khosrowshahi in Different Currencies
Dara Khosrowshahi’s net worth as of March 2023 is $250 million, but how does it look in other currencies?
|Euro||€ 237.16 Million|
|Pound Sterling||£ 200.17 Million|
|Australian Dollar||A$ 349.82 Million|
|Canadian Dollar||C$ 320.39 Million|
|Indian Rupee||₹ 19,063,787,500|
Dara Khosrowshahi | Houses & Cars
As of March 2023, Dara Khosrowshahi’s net worth is a whopping $250 million.
Dara has invested a few of his million in real estate holdings.
In 2018, Dara sold his Seattle home for $3.8 million in an off-market deal.
He had bought the property back in 2010 for $3 million.
The Uber boss reportedly purchased an ultra-luxe home in San Francisco in 2017.
He reportedly paid $16.5 million for the Pacific Heights neighborhood’s swanky residence in an off-market transaction.
The CEO also owns another house in Washington.
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Dara Khosrowshahi | Lifestyle & Vacations
Born in an affluent family, Dara never had to face the financial hardships in his life.
I mean, he has had some turbulence over the course of his career, but it is not what you and I face in our day-to-day lifestyle.
His family founded a major Iranian conglomerate involved in chemicals, food distribution, and pharmaceuticals.
However, during the Iranian revolutions, the company run by his family was seized and nationalized by the new government.
Consequently, his family had to flee the country.
Moreover, Dara’s most of family members and relatives are giants of the tech world.
This means he has a network of family members and relatives that are major players in the tech world and business well beyond the companies he formerly oversaw.
For example, his cousin Amir Khosrowshahi co-founded AI Company Nervana, which was bought by Intel for $400 million.
As for his personal life, Khosrowshahi is currently married to a former preschool teacher and actress, Sydney Shapiro.
The couple shares two children together; Hugo Gubrit and Hayes Epic.
Similarly, he also has two children from his former marriage.
Dara seems to love heavy metal music as he praised Sydney for wearing a Slayer t-shirt to the wedding.
Not to mention being a Slayer fan myself, I feel this quite intriguing!
Dara Khosrowshahi’s net worth as of March 2023, is a staggering $250 million.
The CEO Khosrowshahi has been around the world for his business trips as well as personal vacations.
And, even if it’s for his business trips, he tends to enjoy free time relaxing on yachts and by the beach.
Similarly, he also shares his vacation time on his social media handle every now and then, especially on Twitter.
In 2018, he went on a short trip to India and enjoyed his time there.
He met with several government officials and, interestingly, with the Bollywood superstar Shahrukh Khan.
Mr. Dara shared his photo with the superstar with the caption, “gotta work on my haircut …”.
Dara Khosrowshahi | Charity
Uber CEO Dara has made headlines a few times with his charitable deeds.
Be it via the company or personal, he never shies away from giving back to the community. Nonetheless, his deeds are not limited nationally.
In 2020, he tweeted that Uber would donate $1 million to groups making criminal justice in the United States.
Similarly, in 2020 he tweeted that Uber, in partnership with New York City Mayor, would donate $1 million in meals and rides to support health workers and first responders on the frontline of COVID-19.
Likewise, he also committed $1 million to Afghan refugees.
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Dara Khosrowshahi | Media Appearances
In 2018, Dara appeared in the CNN TV series New Day has himself.
Similarly, he appeared in the TV series documentary Axios in 2019.
In addition to that, Dara appeared in the TV series Today as himself for three episodes.
Dara Khosrowshahi | Career
The Uber CEO, Dara Khosrowshahi, perhaps has one of the most decorated portfolios in the current tech world.
After obtaining an engineering degree at Ivy League school, Brown University, Dara began his career in finance.
Shortly after graduating, he began working at the investment bank Allen & Co.
Similarly, following that, he spent a few years at media company IAC as chief finance strategist.
After that, he moved to Expedia and then to Uber.
Throughout his time as CEO at Expedia, the company saw revenue growth from $2.1 billion in 2005 to $8.7 billion in 2016.
As of March 2023, Dara Khosrowshahi’s net worth is an enormous $250 million.
Unknown Facts About Dara Khosrowshahi
- Dara helped turn Expedia into the largest online travel agency in the United States, with the company acquiring other top travel websites, including TripAdvisor, Hotels.com, Orbitz, Hotwire, HomeAway, and Travelocity.
- He is quite vocal about his political views and severely criticized the actions of Donald Trump. Dara strongly opposed Trump’s immigration policies because of its adverse effect on the travel industry.
- In 2017, Dara was ranked at number 39 on Glassdoor’s list of 100 Highest Rated CEOs.
- In 2013, Dara was also named Ernst & Young’s Entrepreneur of the Year of the Pacific Northwest Region, an award also won by former Amazon CEO Jeff Bezos.
Who is Dara Khosrowshahi’s first wife?
Dara’s first wife is Kathleen Grant. The former couple divorced in 2009.
Does Dara follow the Muslim religion?
“I just grew up in a circumstance where getting along was the way to survive,” Dara told the New York Times.
He is not religious and does not follow any religion but is fascinated with concepts.
Does Uber have a full form?
The term Uber is derived from a German word that means “above all the rest.”
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