Kevin Systrom
Overview
- Source of Wealth
- Industry
- Technology
- Residence
- San Francisco, California
- Organization
- Cofounder at Instagram
- Education
- Stanford University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 1
Assets
- Cazoo Group0 shares @ --CZOOF-US
- Meta Platforms880,000 shares @ --META-US
Biography
Kevin Systrom launched photo-sharing mobile phone app Instagram in 2010 with Mike Krieger.
Facebook bought Instagram for $1 billion in cash and stock in 2012, and Systrom stayed on to continue running it. He left Facebook in 2018.
Systrom, who owned 40% of Instagram going into the deal, mostly got Facebook stock.
Under Systrom as CEO, Instagram became a fast growing app, with roughly 1 billion monthly users.
In 2021, Systrom became a backer and director of the Ajax I SPAC, which took online car marketplace Cazoo public a year later.
Systrom and Krieger launched a personalized news feed app, Artifact, in 2023, which was acquired by Yahoo in 2024.
About
Systrom convinced well known public figures to join Instagram, including Pope Francis and singer Selena Gomez.
Systrom, known for wearing stylish suits, was a regular at fashion and cultural events, from the Met Gala to the Oscars, while he was CEO of Instagram.