Dara Khosrowshahi, the CEO of the American mobility as a service provider Uber, has a net worth of $170 million. On August 27, 2017, he was named Uber’s new chief executive officer.

Dara Khosrowshahi’s Biography, Wiki and Latest Facts

Dara khosrowshahi oversees the company’s ever-expanding global operations in over 63 countries and leads a workforce of over 22,000 workers. Dara, an Iranian businessman, was previously the CEO of Expedia Group. Expedia Group is the owner of several travel fare aggregators.

During his time at the company, he helped it grow into one of the world’s leading online travel companies. Similarly, he has an impressive resume in the field of information technology.

Dara serves on the boards of Hotels.com and BET.com in addition to his present job as CEO of Uber. Similarly, he formerly sat on the board of the New York Times Company.

Dara Khosrowshahi’s Net Worth, Earnings, and Uber

Dara Khosrowshahi, an Iranian-American businessman and CEO, has a net worth of $170 million as of August 2023. Also he has amassed such a vast wealth through his multiple enterprises and pay as CEO of technological firms.

He is one of the highest-paid CEOs on the planet. InterActiveCorp (IAC) purchased the online travel service Expedia in 2001, and Dara Khosrowshahi was appointed CEO of its parent company, Expedia Group, four years later.

How much is the salary and income of Expedia’s CEO Dara Khosrowshahi?

Dara’s pay as Expedia’s CEO was $1 million per year in 2014, 2015, and 2016. Dara’s fortune, however, was mostly due to option grants.

Dara received $9,642,406 in 2014, which includes a $1 million base salary, $3.5 million in incentives, $23,317 in other pay, and $5,119,089 in option awards.

Similarly, the CEO earned the sum that would have made him the highest-paid CEO in the world in 2015.

In 2015, he earned $94,603,552, which includes a $1 million basic salary, a $2.75 million bonus, $7,950 in other pay, and a whopping $90,845,602 in option awards.

Similarly, he earned another $90 million in 2016, giving him the world’s third highest-paid CEO.

The overall compensation package includes $1 million in base salaries, $1.375 million in bonuses, $73,688 in miscellaneous compensation, and the balance in option awards.

CEO of Uber | When and Why did Dara left Expedia?

Dara Khosrowhahi earned only $12.3 million in 2020. It includes a base salary of $337,000, $1.6 million in cash bonuses, $850,000 in additional incentives, and about $9.5 million in shares.

This is a 72% decrease from the $42 million he received in 2019. During the COVID pandemic, he gave up his $1 million base pay at Uber. His annual base compensation was eventually increased to $6.7 million.

Dara held $85 million in Expedia exercised stock options when he was hired CEO of Uber. When he left Expedia for Uber, he left behind $150-$200 million in unvested stock options.

To console Dara after this devastating loss, Uber rewarded her with a package of incentives that might eventually approach $200 million. Uber went public in 2019, and its per-share value is $26.78 as of this writing.

Similarly, with a current market worth of $57.61 billion, it is the 272nd most valuable corporation in the world. I brought up the company’s information because Dara is eligible for a $100 million incentive if Uber’s worth reaches $120 billion and he continues in the role for at least 90 days.

According to his contract, he is also eligible for the $100 million incentive if the company is acquired for the aforementioned sum.

Dara Khosrowshahi | Houses & Cars

Dara Khosrowshahi’s net worth is estimated to be $170 million as of August 2023. He has put some of his million dollars into real estate interests. Dara sold his Seattle property for $3.8 million in an off-market transaction in 2018. He purchased the property in 2010 for $3 million.

In 2017, the Uber CEO reportedly purchased an ultra-luxurious property in San Francisco. In an off-market transaction, he allegedly paid $16.5 million for the luxury residence in the Pacific Heights district. The CEO also owns a home in Washington, D.C.

Dara Khosrowshahi | Lifestyle and Vacations | Who is the wife of Dara Khosrowshahi? | Kids and Family Background

Dara Khosrowshahi was born into a wealthy household and never had to deal with financial difficulties. I mean, he’s had some turbulence in his career, but it’s nothing like what you and I confront on a daily basis.

His family established a big Iranian company that was involved in chemicals, food distribution, and pharmaceuticals. However, during the Iranian upheavals, the new government seized and nationalized his family’s business. As a result, his family was forced to escape the nation.

Furthermore, Dara’s family members and relatives are all IT titans. This means he has a network of family members and cousins who are key participants in the IT and business worlds that extends far beyond the companies he previously supervised. Dara Khosrowshahi married with Sydney Shapiro.

In terms of his personal life, Khosrowshahi is married to Sydney Shapiro, a former preschool teacher turned actress. Hugo Gubrit and Hayes Epic are the couple’s two children.

Similarly, he has two children from a previous marriage. Dara appears to enjoy heavy metal music, as seen by his compliment to Sydney for wearing a Slayer t-shirt to the wedding. Not to say, being a Slayer fan, I find this very intriguing!

Charity of Dara Khosrowshahi

Dara, the CEO of Uber, has made news several times for his charity efforts. He never hesitates to give back to the community, whether through the company or personally. Nonetheless, his actions are not limited to a single country.

In 2020, he tweeted that Uber would donate $1 million to organizations working to improve criminal justice in the United States.

Similarly, in 2020, he announced that Uber, in collaboration with the Mayor of New York City, would provide $1 million in meals and rides to support health workers and first responders on the frontlines of COVID-19. Similarly, he pledged $1 million to Afghan refugees.

Dara Khosrowshahi | Appearances in the Media

Dara had an appearance on the CNN TV series New Day in 2018. In 2019, he also starred in the TV documentary series Axios. He also appeared as himself in three episodes of the television show Today.

Dara Khosrowshahi’s Professional Career

Dara Khosrowshahi, the CEO of Uber, has one of the most decorated portfolios in the modern tech sector. He began his career in finance after earning an engineering degree from Ivy League institution Brown University. He began working at the investment bank Allen & Co. shortly after graduating.

Following that, he worked as the chief finance strategist for media business IAC. He later worked for Expedia and then Uber. During his tenure as CEO of Expedia, the company’s revenue increased from $2.1 billion in 2005 to $8.7 billion in 2016.

Dara Khosrowshahi’s Unknown Facts

• Dara helped turn Expedia into the largest online travel agency in the United States, with the company acquiring other top travel websites, including TripAdvisor, Hotels.com, Orbitz, Hotwire, HomeAway, and Travelocity.
• He is quite vocal about his political views and severely criticized the actions of Donald Trump. Dara strongly opposed Trump’s immigration policies because of its adverse effect on the travel industry.
• In 2017, Dara was ranked at number 39 on Glassdoor’s list of 100 Highest Rated CEOs.
• In 2013, Dara was also named Ernst & Young’s Entrepreneur of the Year of the Pacific Northwest Region, an award also won by former Amazon CEO Jeff Bezos.

FAQs

Who Is Dara Khosrowshahi’s First Wife?

Kathleen Grant was Dara’s first wife. In 2009, the former couple divorced.

Does Dara Follow The Muslim Religion?

“I just grew up in a circumstance where getting along was the way to survive,” Dara told the New York Times.

He is not religious and does not practice any religion, yet he is captivated by ideas.

What is the meaning of UBER?

The term Uber is derived from a German word that means “above all the rest.”

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