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Adam Foroughi

Adam Foroughi

A. Foroughi
1.59% | + $238.16M
$15.18 B ₹ 1.38 Lk Cr
Real Time Net Worth #186 Ranking as of 21 Feb 2026 By Forbes

More on Adam Foroughi

Gender

Male

Age

46Y

Country

United States

Born On

January, 1980

Deceased

No

Relationship Status

Married

Children

2

Education

University Of California, Berkeley - Bachelor Of Arts/Science

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Mobile Technology)

Primary Organization

AppLovin

Titles

Co-Founder & CEO

Sources of Wealth

AppLovin

Industry

Technology, Media, Gaming

About Adam Foroughi


A dam Foroughi is a technology entrepreneur who co-founded AppLovin, a mobile technology company that provides developers with a powerful set of solutions to grow their mobile apps. As the company's CEO, Foroughi has been the architect of its strategy, transforming it from a simple ad network into a comprehensive platform that helps developers with marketing, monetization, and analytics. Born in Iran, his family moved to Beverly Hills, where he developed an early interest in business and technology.

Before AppLovin, Foroughi had already ventured into entrepreneurship with two previous companies, Lifestreet Media and Social Hour. He co-founded AppLovin in 2012, recognizing the explosive growth of the mobile app ecosystem and the need for sophisticated tools to help developers succeed. Under his leadership, the company grew rapidly, fueled by both organic growth and a series of strategic acquisitions, including the mobile game studio Machine Zone. AppLovin went public in a major IPO on the NASDAQ in 2021, marking a significant milestone in Foroughi's career and solidifying his position as a major player in the mobile technology landscape.

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Quick Reads


  • Co-founder and CEO of mobile technology company AppLovin.
  • AppLovin provides tools for mobile app developers to market and monetize their applications.
  • The company was founded in 2012.
  • Led AppLovin through its successful IPO on the NASDAQ in April 2021.
  • Prior to AppLovin, he founded two other ad-tech companies.

Early Life and Background


Adam Foroughi was born in Iran in 1980, a year after the Iranian Revolution, and his family emigrated to the United States during his early childhood to escape the devastating Iran-Iraq War. This background as a young immigrant instilled in him a powerful work ethic and a deep appreciation for the entrepreneurial opportunity America offered, which he credits as an inspiration to 'dream big'.

He grew up in Los Angeles, California, where his father owned a successful construction company. Foroughi pursued higher education at the University of California, Berkeley, where he earned a Bachelor of Arts in Economics. This focus on economic principles, coupled with the lessons learned from his father's hands-on business, prepared him for a high-stakes career built on quantitative modeling and entrepreneurial risk. He is married with five children and maintains a high degree of personal privacy.

Career Journey of Adam Foroughi


Foroughi’s career began in the high-frequency environment of finance as a derivatives trader at Cutler Group, where he gained valuable experience in financial markets, risk management, and the scalable models that would later inspire his tech ventures. He then transitioned into serial entrepreneurship, founding two marketing companies—'LifeStreet Media' and 'Social Hour'—that honed his skills in digital advertising and business development before launching his defining venture.

In 2012, Foroughi co-founded AppLovin in Palo Alto, California. Initially, venture capitalists 'turned away' his company, forcing him to bootstrap the business for years. This self-reliance defined AppLovin's early culture, which later attracted major backing like a $400 million investment from KKR in 2018. He successfully led AppLovin through its massive Initial Public Offering (IPO) in 2021, which valued the company at approximately $24 billion. The IPO minted him as a billionaire and cemented his reputation as a leader who could balance intense growth with sustainable, long-term operational discipline.

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Adam Foroughi's Timeline


1980:

Born in Iran; family later immigrates to the US.

~2002:

Began career as a derivatives trader after graduating from UC Berkeley.

2005–2011:

Founded two successful marketing companies, honing his digital advertising skills.

2012:

Co-founded AppLovin with John Krystynak and Andrew Karam, bootstrapping the company after being rejected by VCs.

2018:

Attracted a $400 million investment from KKR.

2021 (April):

Led AppLovin through its massive IPO on the Nasdaq, valuing it at approximately $24 billion.

2022:

Spearheaded the major acquisition of MoPub from Twitter for over $1 billion.

Major Business Ventures and Investments


Adam Foroughi is the Co-founder and CEO of AppLovin Corporation, a leading mobile technology company that provides a comprehensive platform for app developers to market, monetize, and analyze their creations. His personal wealth is largely derived from his approximately 11% ownership stake in this publicly traded giant.

  • AppLovin Corporation: The core platform leverages advanced technology and AI to offer dynamic ad matching and data analytics to millions of users, serving as a critical infrastructure layer for the mobile gaming industry. The company's expansion strategy under Foroughi has included major acquisitions, such as the purchase of MoPub from Twitter for $1.05 billion and the acquisition of Machine Zone (MZ), which significantly expanded AppLovin's market share.
  • Angel Investor: Foroughi is an active angel investor, using his expertise to back promising technology startups. His portfolio includes early-stage investments in the entertainment software and educational software industries, such as 'Teachable' and 'Blockstars'.

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Philanthropy and Social Impact


While Adam Foroughi maintains a highly private personal profile, his social impact is channeled through the ethical and operational philosophy he embeds into AppLovin. His corporate leadership emphasizes creating a 'parent-friendly culture' and focusing on promoting from within, which he sees as the 'surest executive recruitment strategy'.

His vision for his business is to empower small developers worldwide, fostering a vibrant, decentralized app economy. Furthermore, his wife, Jaclyn Foroughi, is deeply involved in philanthropic work as a managing partner of 'Brazen Impact, LLC', an impact investment fund, and as the founder of 'Brazen FINLIT', a nonprofit dedicated to financial education and mentorship for youth. This family focus on ethical investing and societal upliftment reflects a shared commitment to using capital for broader social good.

Fashion, Style, and Lifestyle


Adam Foroughi’s lifestyle is a highly focused embodiment of the modern Silicon Valley self-made billionaire, driven by technology and high-stakes investing. His personal style is generally minimalist, reflecting the pragmatic, efficient culture of his tech empire.

His public persona is that of a serious CEO, typically seen in sharp but comfortable tech-executive fashion—high-end casual wear or neat, understated business shirts and blazers. He maintains a private residence in Truckee, California, away from the immediate buzz of Palo Alto. His true luxury assets are his massive equity stake in AppLovin and his ability to leverage capital in audacious strategic moves, such as his reported interest in bidding for TikTok. His dedication to building a lasting legacy from a humble background is the core statement of his high-status, self-made life.

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Quotes and Philosophy


“As the world becomes a more digital place, we cannot forget about the human connection.”

“Success is not just making money. Success is happiness. Success is fulfillment; it’s the ability to give.”

“You never know who you’re talking to. Don’t limit a young student’s dream, because that’s how we change the world.”

Fun Facts & Trivia


  • His family 'fled Iran' after the 1979 Revolution, making his fortune a powerful symbol of the American immigrant dream.
  • He was rejected by every venture capital fund he pitched to in 2012, forcing him to bootstrap AppLovin to success before later accepting outside capital.
  • He started his career as a derivatives trader before shifting his focus to high-frequency digital marketing models.
  • AppLovin achieved a valuation of approximately $24 billion in its 2021 IPO.
  • The company acquired Twitter’s mobile advertising exchange, MoPub, in a major deal for over $1 billion.
  • He is married with 'five children' and credits his wife for inspiring him to focus on meaningful pursuits.
  • Foroughi has always advocated for building a 'parent-friendly culture' within his company.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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