Canada’s Richest People: Garrett Camp

 
Canada’s Richest People
Garrett Camp
(Photo: Daniel Zuchnik/FilmMagic/Getty)

Garrett Camp

Net Worth:
$8.58 billion
(▼3.9% from 2017)

Rich 100 rank: #6
Change in rank from 2017: ▼1
Major company holdings: Uber, Stumbleupon
Location: San Francisco
Age: 39


While best known as a co-founder of Uber, Garrett Camp is now focused on other ventures. Last year, he and a few other partners unveiled Expa Labs, a startup incubator in Silicon Valley. Expa differs from other firms of its kind by accepting just a handful of startups, allowing Camp and his co-founders to spend more time coaching their cohort of fledgling entrepreneurs. To that end, Expa raised US$100 million in funding from investors like Virgin founder Sir Richard Branson and HP CEO Meg Whitman. And notable offspring of the incubator include Ando, a delivery-only online restaurant founded by Momofuku mastermind David Chang.

The Calgary-born Camp began his path to riches after selling his social media firm StumbleUpon to eBay for $75 million in 2009. A year later, he and fellow startup vet Travis Kalanick created Uber, the ride-sharing service that has since taken the world by storm and broken record after record for huge venture capital rounds. Camp’s stake in Uber, where he’s still chairman, propelled him to billionaire status. His preference to stay out of Uber’s spotlight has spared him from public humiliation amid a year of bad press for the company. That’s not to say he’s been left unscathed. Uber’s shares have reportedly dropped 15% this year with their valuation plunging from US$60 billion to US$50 billion.

Updated Thursday, November 9, 2017



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