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Sabtu, 27 April 2019

Former CEO of Uber Predicted to Earn IDR 122 Trillion


By: Fino Yurio Kristo - detikInet

Jakarta - Travis Kalanick has resigned from the position of CEO of Uber in 2017. However, he is predicted to still make a lot of money from the online taxi company.

Quoted from CBS, Kalanick might make a fortune of nearly USD 9 billion, when Uber made an initial sale or Initial Public Offering (IPO) next month.

Kalanick, who is the founder of Uber, was forced to step down in 2017 after explaining various scandals in management. From the corporate culture that demeans women to making technology so that Uber cars can operate illegally, they escape the apparatus' pursuit.
"Full responsibility is on my shoulders. There is a lot to be proud of, but there are many things that must be improved," he said when he resigned.

He has 8.6% shares in Uber. If the IPO process makes Uber worth USD 100 billion, then Kalanick will be richer in USD 8.6 billion or in the range of IDR 122 trillion.

As such, Kalanick will become the individual shareholder of Uber who will benefit the most from Uber's IPO. Only the Softank Vision Fund and Benchmark Capital Partners have more shares.
The additional money will make Kalanick even more proficient. Because now, he already has an estimated wealth of USD 5.8 billion.

Kalanick, who gave birth to Uber in 2009, is still on the board of directors of Uber, but his power is limited. While the position of CEO of Uber is filled by men of Iranian descent, Dara Khosrowshahi.