Billionaire Profile
Drew Houston
Global Rank
#1731

Image: Public domain | via Wikimedia Commons

Drew Houston

CEO, Dropbox
US
Real-Time Net Worth
$2.3B
As of December 2025
Age
42
Source
Cloud storage service
Industry
technology
Citizenship
US

Biography

Drew Houston is the CEO and co-founder of Dropbox, a leading cloud storage service with over 700 million registered users. Born in 1983, Houston's entrepreneurial journey began with a personal frustration: repeatedly forgetting his USB drive. This led him to create Dropbox in 2007 with Arash Ferdowsi, revolutionizing how people store and share files. His leadership has grown Dropbox into a multi-billion dollar enterprise. As of 2024, Houston's net worth is estimated to be $2.3 billion. He has also served on the board of directors of Meta Platforms (Facebook).

Wealth Over Time

In-Depth Profile

Early Life and Education

Andrew W. Houston was born in Acton, Massachusetts, in 1983. From a young age, he showed a keen interest in technology, starting to code at the age of five. Houston attended Acton-Boxborough Regional High School and later pursued higher education at the Massachusetts Institute of Technology (MIT). He graduated from MIT in 2006 with a degree in Computer Science. During his time at MIT, he was a member of the Phi Delta Theta fraternity and co-founded an SAT prep company, demonstrating his early entrepreneurial spirit.

Rise to Success

In 2007, Drew Houston co-founded Dropbox with Arash Ferdowsi. The idea for Dropbox originated from Houston's personal frustration with forgetting his USB drive. The Dropbox service officially launched in 2008 after receiving initial funding from Y Combinator. The company quickly gained popularity, reaching millions of users worldwide. Dropbox's success is attributed to its user-friendly design and seamless file synchronization across devices.

Key Business Strategies

Dropbox's key business strategies have centered on simplicity and user experience. The platform initially offered a free service with a subscription-based paid version for additional storage. The company has also focused on the corporate market. Houston's vision led to significant growth, with Dropbox going public in 2018.

Philanthropy

Drew Houston and his wife, Erin Yu, are involved in philanthropic efforts, with a focus on supporting education and entrepreneurship.

Career Milestones

2007

Co-founded Dropbox

Launched the cloud storage service with Arash Ferdowsi.

2008

Dropbox Official Launch

Dropbox officially launched and began gaining users.

2018

Dropbox IPO

Dropbox went public.

2020

Joined Meta's Board of Directors

Joined the board of directors of Meta Platforms (Facebook).

Philanthropy & Social Impact

Education

Education and Entrepreneurship

$XB

Supports initiatives aimed at education and entrepreneurship.

Business Philosophy & Leadership

Notable Quotes

"Maximize your rate of learning. Pick opportunities that will push you and surround you with the most talented people."

Leadership Principles

User-centric Innovation

Focusing on simplicity and user experience in product development.