| Adam Foroughi | |
| Birth Place: | Iran |
| Nationality: | American |
| Occupation: | Businessman |
| CEO of AppLovin | |
| Term: | December 2011–present |
Adam Foroughi is an Iranian-born American billionaire businessman and the chief executive officer (CEO) of AppLovin, a mobile technology company.
Born in 1980, Foroughi's family emigrated to the United States to escape the destruction caused by Iraq-Iran War.[1] Adam grew up in Los Angeles, California, where his father had a successful construction company. He studied at the University of California, Berkeley, earning a B.A. in economics.[1]
Upon graduating from Berkeley, Foroughi worked as a derivatives trader. Later, he founded two marketing companies before starting AppLovin.
In 2012, Foroughi co-founded AppLovin along with friends John Krystynak and Andrew Karam.[2] [3]
On April 15, 2021, AppLovin became a public company after an initial public offering (IPO), with a total valuation of approximately $24 billion.[4] As a result of AppLovin's successful IPO, Foroughi's net worth rose to an estimated $2 billion.[5]
In 2023, Foroughi's total compensation from AppLovin was $83.4 million, up 79,783% from the previous year and representing a CEO-to-median worker pay ratio of 795-to-1 for the company, as well as making Foroughi the eighth highest paid CEO in the US that year.[6]
Adam is married and has 5 children.