Billionaire Profile
Daniel Ek
Global Rank
#378

Image: Public domain | via Wikimedia Commons

Daniel Ek

CEO, Spotify
SE
Real-Time Net Worth
$9.2B
As of December 2025
Age
42
Source
Spotify
Industry
technology
Citizenship
SE

Biography

Daniel Ek, born in 1983, is a Swedish entrepreneur and the co-founder, chairman, and CEO of Spotify. His career began in tech during his teens, leading to senior roles at Tradera and Stardoll. Ek founded the online advertising company Advertigo, which he later sold. In 2006, he co-founded Spotify, revolutionizing music streaming. As of May 2025, his net worth is estimated at $9.2 billion, making him richer than any musician in history. He has overseen Spotify's significant growth, expanding its user base to over 713 million users and 281 million subscribers across 180 markets as of 2025. Ek is also the co-founder of Neko Health and Prima Materia, and is a supporter of Arsenal football club.

Wealth Over Time

In-Depth Profile

Early Life

Daniel Ek was born on February 21, 1983, in Stockholm, Sweden, and grew up in the Rågsved district. He showed an early interest in technology, creating websites and exploring open-source technologies at a young age. Ek graduated from IT-Gymnasiet in 2002 and briefly studied engineering at the KTH Royal Institute of Technology before dropping out to focus on his IT career.

Career

Ek's career began with creating websites and open-source technologies. He held senior roles at Tradera, which was later acquired by eBay, and was also CTO of the browser-based game and fashion community Stardoll. He founded Advertigo, an online advertising company, which he sold to TradeDoubler in 2006. Ek was briefly the CEO of μTorrent before its sale to BitTorrent in December 2006.

In 2006, Ek co-founded Spotify with Martin Lorentzon. The platform launched in 2008 and revolutionized music streaming, offering legal access to millions of songs. As of 2025, Spotify has over 713 million users and 281 million subscribers. Ek has served as CEO and overseen major milestones, including the company's initial public offering in 2018. In September 2025, Ek announced that he would be stepping down as CEO at the end of the year, remaining as executive chairman to focus on capital allocation, long-term strategy, and regulatory efforts.

Key Business Strategies

Ek's strategic vision for Spotify centered on providing a better alternative to music piracy. His innovative business model offered free, ad-supported access to music, with premium subscriptions available to remove ads. This freemium model helped Spotify gain popularity with users and investors. Ek has also expanded Spotify's offerings into podcasts and audiobooks, further diversifying the platform and driving user engagement.

Philanthropy

Daniel Ek is involved in charitable giving. In 2016, he donated to Charity: Water, an organization dedicated to providing safe and clean water. In September 2021, Ek co-founded Prima Materia, a VC firm, and pledged to invest 1 billion euros in European technology.

Career Milestones

2006

Co-founded Spotify

Launched the music streaming service with Martin Lorentzon.

2017

Became the lowest paid major tech CEO

Ek has forgone a traditional salary since 2017, and was the lowest paid major tech CEO in 2022

2018

Spotify IPO

Oversaw the initial public offering of Spotify.

2021

Pledged investment in European tech

Ek co-founded VC firm Prima Materia and pledged to invest 1 billion euros in European technology.

2025

Stepping Down as CEO

Ek announced that he will step down as CEO of Spotify at the end of the year, while remaining as executive chairman

Philanthropy & Social Impact

General Philanthropy

Charity: Water

$0.001B

Donated to an organization dedicated to providing safe and clean water.

Business Philosophy & Leadership

Notable Quotes

"I'm not an inventor. I just want to make things better."