Billionaire Profile
Max Lytvyn
Global Rank
#2060

Image: Public domain | via Wikimedia Commons

Max Lytvyn

CEO, Grammarly
CA
Real-Time Net Worth
$1.9B
As of December 2025
Age
45
Source
Software
Industry
technology
Citizenship
CA

Biography

Max Lytvyn, a Canadian citizen born in Kyiv, Ukraine, co-founded Grammarly in 2009, revolutionizing the way people communicate. He currently serves as the Head of Self-Serve Revenue. With an estimated net worth of $1.9 billion as of December 2025, Lytvyn's wealth stems from his software ventures. His career includes co-founding MyDropBox, a plagiarism detection service, and a role at Blackboard Inc. after its acquisition of MyDropBox. He holds a BBA from the International Christian University in Kyiv and an MBA from Vanderbilt University. Lytvyn is a member of the Forbes Tech Council.

Wealth Over Time

In-Depth Profile

Early Life and Education

Maksym Lytvyn, known as Max Lytvyn, was born in Kyiv, Ukraine, on December 3, 1977. He received his initial education in Kyiv. Lytvyn earned a Bachelor of Business Administration in Management Information Systems from the International Christian University in Kyiv. He later pursued a Master of Business Administration (MBA) with a focus on marketing and finance at Vanderbilt University's Owen Graduate School of Management.

Rise to Success

Lytvyn's career trajectory began with MyDropBox, a plagiarism-detection company he co-founded. This venture was later acquired by Blackboard Inc., where Lytvyn served as the Director of Product Strategy. In 2009, Lytvyn, along with Alex Shevchenko and Dmytro Lider, co-founded Grammarly. Initially, Grammarly was designed to assist students with grammar and spelling. The company has grown into an AI-powered writing assistant that has expanded to over 30 million daily users. Grammarly raised $200 million in funding in November 2021, which significantly increased the founders' net worth.

Key Business Strategies

As Head of Revenue, Lytvyn focuses on identifying and expanding new market opportunities for Grammarly's product portfolio. He emphasized the importance of customer service in Grammarly's early days, aiming to understand users' needs. Grammarly has focused on innovation in AI and generative AI to stand out. The company has also expanded into spin-off products, including Grammarly Business. In May 2025, Grammarly secured $1 billion in non-dilutive financing from General Catalyst to build a comprehensive AI productivity platform.

Philanthropy

In 2024, Grammarly donated approximately $500,000 to help rebuild Okhmatdyt children's hospital after the building was damaged by a Russian missile strike. After the 2022 Russian invasion of Ukraine, Grammarly ceased all business operations in Russia and Belarus and donated about $5 million to Ukrainian humanitarian groups.

Career Milestones

2009

Co-founded Grammarly

Co-founded the AI-powered writing assistant.

2009

Co-founded MyDropBox

Co-created MyDropBox, a plagiarism-detection company, which was acquired by Blackboard Inc.

2021

Forbes Billionaire

Became a billionaire due to Grammarly's growth and funding.

2024

New CEO

Coda CEO Shishir Mehrotra replaced Rahul Roy-Chowdhury as Grammarly's CEO.

2025

Head of Self-Serve Revenue

Focused on self-serve revenue growth at Grammarly

Philanthropy & Social Impact

Humanitarian Aid

Okhmatdyt Children's Hospital

$0.5M

Donated to rebuild after a Russian missile strike.

Humanitarian Aid

Ukrainian Humanitarian Groups

$5M

Donated net revenue earned in Russia and Belarus since 2014.

Business Philosophy & Leadership

Notable Quotes

""Happiness is not in money, but in doing good things used by millions of people," was the motto of the young entrepreneurs."

Leadership Principles

Values-Driven

Emphasis on ethical behavior, adaptability, and empathy in decision-making.

Customer Service

Prioritizing customer service in the early stages of the company.