Spotify is one of the biggest music streaming service providers in the world. It has over 300 million users and offers a wide variety of music for its customers. But who is the majority owner of Spotify?
The majority owner of Spotify is Daniel Ek, the founder and CEO of Spotfiy. Ek founded Spotify in 2006, after being inspired by the idea of making music available to everyone with an internet connection. Since then, Spotify has grown rapidly and become one of the most popular streaming services in the world.
Ek owns approximately 20% of Spotify’s shares and holds voting control over them through his company, Investment AB Kinnevik. Investment AB Kinnevik also holds a significant portion of Spotify’s voting shares, giving Ek a decisive say in company matters. This makes him the majority owner of Spotify.
In addition to his ownership stake in Spotify, Ek also owns more than $2 billion worth of other investments, including companies such as Skype and delivery service Foodora. He has made it clear that he plans on investing even more into technology-related companies.
Conclusion: Daniel Ek is the majority owner of Spotify due to his ownership stake in the company and his control over its voting shares through Investment AB Kinnevik. He also has a large portfolio consisting of other investments worth billions that he plans to invest even more into technology-related companies.
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