Billionaire Profile
Sean Parker
Global Rank
#1309

Image: Public domain | via Wikimedia Commons

Sean Parker

CEO, Facebook
US
Real-Time Net Worth
$3B
As of December 2025
Age
45
Source
Facebook
Industry
technology
Citizenship
US

Biography

Sean Parker, born December 3, 1979, is an American entrepreneur and philanthropist. He is best known for co-founding Napster, a pioneering file-sharing service, and for serving as the founding president of Facebook. Parker's career includes investments and ventures in the technology sector, most notably his role at Facebook, which significantly contributed to his net worth. He also co-founded Plaxo, Causes, Airtime.com, and Brigade, an online platform for civic engagement. Parker is the founder and chairman of the Parker Foundation, which focuses on life sciences, global public health, and civic engagement. He is currently the chairman of the image-generation startup Stability AI.

Wealth Over Time

In-Depth Profile

Early Life and Education

Sean Parker was born in Herndon, Virginia, to Diane Parker, a TV advertising broker, and Bruce Parker, a U.S. government oceanographer. His father taught him to program at age seven on an Atari 800. Parker attended Oakton High School before transferring to Chantilly High School, graduating in 1998. During his time at Chantilly High School, he convinced the administration to count his coding time as a foreign language class.

Napster and Early Ventures

Parker co-founded Napster in 1999 with Shawn Fanning, revolutionizing music distribution. Despite its initial success, Napster faced legal challenges and was shut down in 2001. Following Napster, Parker co-founded Plaxo, an online address book and social networking service in 2002.

Facebook and Beyond

In 2004, Parker became the founding president of Facebook, playing a pivotal role in its early success. He helped transform the platform from a college project into a global phenomenon. Parker negotiated for Mark Zuckerberg to retain control of Facebook. Parker was ousted from Plaxo in 2004. He resigned from Facebook's presidency in 2005 after a drug possession incident. He also invested in Spotify in 2010 and served on its board until 2017.

Philanthropy and Recent Activities

Parker is the founder and chairman of the Parker Foundation, established in June 2015 with a $600 million contribution. The foundation focuses on life sciences, global public health, and civic engagement. In 2016, the Parker Foundation announced a $250 million grant to form the Parker Institute for Cancer Immunotherapy. As of June 2024, Parker became chairman of the image-generation startup Stability AI.

Career Milestones

1999

Co-founded Napster

Co-founded the file-sharing service that revolutionized music distribution.

2002

Launched Plaxo

Launched Plaxo, an online address book and social networking service.

2004

President of Facebook

Became the founding president of Facebook.

2006

Managing Partner at Founders Fund

Became managing partner at Founders Fund, a venture-capital fund founded by Peter Thiel.

2010

Invested in Spotify

Invested in Spotify and served on its board until 2017.

2015

Founded the Parker Foundation

Launched the Parker Foundation with a $600 million contribution, focused on life sciences, global public health, and civic engagement.

2016

Parker Institute for Cancer Immunotherapy

The Parker Foundation announced a $250 million grant to form the Parker Institute for Cancer Immunotherapy.

2024

Chairman of Stability AI

Became chairman of image-generation startup Stability AI.

Philanthropy & Social Impact

Health

Parker Institute for Cancer Immunotherapy

$250M

Founded the Parker Institute for Cancer Immunotherapy to fund research on cancer immunotherapy.

Health

Sean N. Parker Center for Allergy Research

$24M

Created the Sean N. Parker Center for Allergy Research at Stanford.

Global Public Health

Malaria Elimination Initiative at UCSF

$4.5M

Made a grant to support the Malaria Elimination Initiative at the University of California San Francisco's Global Health Group.

Health

Sean N. Parker Autoimmune Research Laboratory at UCSF

$10M

Created the Sean N. Parker Autoimmune Research Laboratory at UCSF.

Business Philosophy & Leadership

Notable Quotes

"Your biggest challenge as an entrepreneur is not concealing your idea from others or keeping your idea secret. It's actually convincing people that you're not crazy and that you can pull [it] off."

Controversies & Challenges

2005

Drug Possession

Was arrested for cocaine possession, which led to his resignation as Facebook's president, though no charges were filed.