Spotify Founders Enriched to the Tune of $5.8 Billion in Listing
Spotify Climbs After NYSE Debut
This article is for subscribers only.
Spotify Technology SA’s stock debut just made its founders two of Sweden’s richest people.
Chief Executive Officer Daniel Ek is worth $2.4 billion thanks to his 9 percent economic stake in the music-streaming service. Co-founder Martin Lorentzon’s 12 percent holding gives him a $3.4 billion fortune, according to the Bloomberg Billionaires Index.