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Mark Shuttleworth Net Worth

Mark Shuttleworth net worth

What is Mark Shuttleworth net worth?

Net worth$500 million
NameMark Richard Shuttleworth
OccupationEntrepreneur
Date of birth18 September 1973
NationalitySouth African-British

Mark Shuttleworth net worth: Mark Richard Shuttleworth is a South African-British entrepreneur who is the founder and CEO of Canonical, the company behind the development of the Linux-based Ubuntu operating system. keep reading to find more information about them.

Early life

Born in Welkom in South Africa’s Orange Free State to a surgeon and a nursery-school teacher, Shuttleworth attended school at Western Province Preparatory School where he eventually became Head Boy in 1986, followed by one term at Rondebosch Boys’ High School, and then at Bishops/Diocesan College, where he was Head Boy in 1991.

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 Shuttleworth obtained a Bachelor of Business Science degree in Finance and Information Systems at the University of Cape Town. As a student, he became involved in the installation of the first residential Internet connections at the university.

Career

In 1995, Shuttleworth founded Thawte Consulting, a company which specialized in digital certificates and Internet security. In December 1999, Shuttleworth sold Thawte to VeriSign, earning Shuttleworth R3.5 billion US$575 million, equivalent to $846 million in 2019.

In September 2000, Shuttleworth formed HBD Venture Capital, a business incubator and venture capital provider now managed by Knife Capital. In March 2004 he formed Canonical Ltd., for the promotion and commercial support of free software projects, especially the Ubuntu operating system. In December 2009, Shuttleworth stepped down as the CEO of Canonical Ltd, Jane Silber took Canonical CEO position. Shuttleworth resumed the position of CEO of Canonical in July 2017 at the end of Silber’s tenure.

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In the 1990s, Shuttleworth participated as one of the developers of the Debian operating system.

In 2001, he formed the Shuttleworth Foundation, a nonprofit organization dedicated to social innovation which also funds educational, free, and open-source software projects in South Africa, such as the Freedom Toaster.

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In 2004, he returned to the free-software world by funding the development of Ubuntu, a Linux distribution based on Debian, through his company, Canonical Ltd.

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In 2005, he founded the Ubuntu Foundation and made an initial investment of 10 million dollars.

Spaceflight

Shuttleworth gained worldwide fame on 25 April 2002, as the second self-funded space tourist and the first-ever South African in space.

Flying through Space Adventures, he launched aboard the Russian Soyuz TM-34 mission as a spaceflight participant, paying approximately US$20,000,000  for the voyage. Two days later, the Soyuz spacecraft arrived at the International Space Station, where he spent eight days participating in experiments related to AIDS and genome research. On 5 May 2002, he returned to Earth on Soyuz TM-33. 

Mark Shuttleworth Net Worth

Mark Shuttleworth net worth is $500 million According to celebritynetworth. He has a private jet, a Bombardier Global Express, which is often referred to as Canonical One but is in fact owned through his HBD Venture Capital company. The dragon depicted on the side of the plane is Norman, the HBD Venture Capital mascot.

Upon moving R2.5 billion in capital from South Africa to the Isle of Man, the South African Reserve Bank imposed a R250 million levy in order to release his assets.

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