Alexander Samwer’s profile picture

Alexander Samwer

Cofounder, Rocket Internet
Alexander Samwer’s profile picture
Net worth 2018: $1.17 Billion
Industry: Technology
Residence: Munich, Germany
Country: Germany
Education: Master of Arts, Oxford University; Master of Business Administration, Harvard Business School
BIOGRAPHY

Alexander Samwer was born in Munich, Germany, Germany, is Cofounder, Rocket Internet. Alexander Samwer is #1890 in List Billionaires People In The World. Alexander Samwer and his brothers, Oliver and Marc Samwer, make it onto the billionaires list for the first time in 2015 after taking Rocket Internet, their Berlin-based tech incubator, public in October 2014. The youngest of the brothers, Alexander, does not take part in day-to-day management, leaving that to Oliver. Collectively the brothers own a little more than 40% of Rocket, which was valued at more than $8 billion at the time of its IPO. Inspired by the dot-com boom after spending time in the U.S. in the late '90s, the brothers created a German auction site, Alando, in 1999, which they sold to eBay for $43 million after only a few months of operation. That was followed by the creation of a mobile phone content provider, Jamba!, which was sold to Verisign in 2004 for $273 million. Founded in 2007 by the Samwers, Rocket has gone on to rub many entrepreneurs the wrong way with its reputation for cloning tech companies. But the strategy has paid off. The company's first big success was CityDeal, a European daily deals clone that was sold to Groupon in 2010 for $170 million, while its most recent win was the initial public offering of Zalando, a Zappos-like online retailer that went public a day before Rocket. Alexander Samwer sits on Zalando's board of directors.

NET WORTH STATISTIC
2015

$1.7 Billion

2018

$1.17 Billion

TIMELINE
2008

They invested in Facebook in 2008, after selling StudiVZ to the Holtzbrinck Group

1999

With his brothers Marc and Oliver he co-founded Alando, which was sold to eBay in 1999 for $50 million, then Jamba! which was sold to VeriSign for $270 million in 2004

1995

He studied politics at the University of Oxford (from 1995), receiving an MA, and then received an MBA from Harvard Business School

1975

Alexander Samwer (born 1975, in Cologne) is a German entrepreneur who founded Alando and Jamba!

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