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Daniel Ek is a Swedish entrepreneur and a technologist best known as the co-founder and CEO of the popular music streaming service Spotify. In 2005, Ek dropped out of the Royal Institute of Technology in Sweden after eight weeks, according to Forbes. He founded an online marketing company called Advertigo. Ek sold the business to the Swedish company Tradedoubler. He later teamed up with its founder to start Spotify in 2008. As of 2017, Daniel Ek has an estimated net worth of over $800 million. His main source of income is Spotify, which is currently worth $8 billion and has over 40 million users worldwide. Ek has also been awarded the tile "Billboard Power 100's New No. 1" and is on numerous "wealth charts".

Quotations

Ek said the “leaner structure” of the company will ensure “Spotify’s continued profitability.”

Spotify axes 17% of workforce in third round of layoffs this year →

Ek indicated that the company was caught out as central banks started hiking interest rates last year, which can slow economic growth.

Layoffs hit Spotify as 17% of workforce cut in third round of layoffs this year →