Beyoncé, Ashton Kutcher, and Gwyneth Paltrow: How Uber's IPO Could Be A Windfall For Celebrity Backers. This article is more than 4 years old. Ashton Kutcher's Uber investment made him the ultimate celebrity investor.
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Institutional Ownership and ShareholdersLargest shareholders include Morgan Stanley, Fmr Llc, Vanguard Group Inc, BlackRock Inc., Jpmorgan Chase & Co, Public Investment Fund, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Jennison Associates Llc, Capital World Investors, and State Street Corp .
The A-Grade track record let him do that: In 2011 Kutcher, Oseary and Burkle put $2.5 million into Airbnb, a stake now worth about $90 million. They also placed $500,000 in Uber–one chunk via Sacca's Lowercase Capital, which got in at seed stage, and another directly in later rounds–now worth north of $60 million.
Bezos owns The Washington Post, the space exploration company Blue Origin, and invests in real estate and other companies such as Uber, X Corp., and Airbnb.
That $6 million of stock that Beyoncé kept in her back pocket? It's now worth an immensely cool $300 million. She's not the only celebrity to benefit from Uber's IPO (Initial Public Offering).
Growth is still well into the double digits in percentage terms. With its powerful network effects, it is not only well protected from a smaller rival like Lyft because it can better match drivers and riders (as well as restaurants and other businesses), but it could also see its bottom line soar in the years ahead.
What Company Owns Uber? Uber Technologies, Inc. is the parent company of all these subsidiaries and it's headquartered in San Francisco, California. Employees own the company through a stock purchase plan. Travis Kalanick and Garrett Camp are co-founders of Uber and remain on the board of directors.
For fiscal 2023, 14 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.36 to $0.41. UBER boasts an average earnings surprise of 474.8%. Additionally, Uber Technologies' earnings are expected to grow 108.8% for the current fiscal year.
Will Uber be successful in the future? With excellent growth drivers in place, the company looks set for another decade of strong outperformance. Uber will most likely continue to face regulatory hurdles as an industry innovator in addition to facing tough competition across most segments.
Uber has been competing fiercely with other ride-hailing services and traditional taxi companies, resulting in lower prices. The company has been subsidizing rides to attract more customers and gain market share, which has resulted in a significant loss of revenue.
In 2020, he bought a $43.3 million Los Angeles mansion. According to Page Six, Kalanick began dating Victoria's Secret model Daniela Lopez Osorio in early 2021, but the pair has since split. According to Forbes, Kalanick's net worth is around $2.7 billion dollars today.
Obviously, Uber went on to become, well, an ubersuccessful company. Sure, there have been ebbs and flows. As of April 2022, Uber's market cap is $63.41 billion.
Editor's Choice. The trust didn't own much of ride-hailing giant Uber, just 26,767 shares, but sold them all in the fourth quarter. Uber stock had a strong 2020, surging 71.5%.