Former Uber CEO Travis Kalanick has reportedly raised $400 million from Saudi Arabia for a new startup. Here’s how he spends his $3.2 billion fortune, from a $36.4 million penthouse to a year-long trip around the world.

Travis Kalanick is worth $3.2 billion.

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Travis Kalanick is worth $3.2 billion.
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Reuters

Travis Kalanick cofounded Uber in 2009. But, after a series of scandals and a workplace culture where discrimination and sexual harassment were the norm, Kalanick resigned as CEO in 2017.

Though he’s no longer leading the global ride-hailing company, Kalanick remains wealthy. He’s worth $3.2 billion, according to Forbes.

On November 7, The Wall Street Journal reported he quietly raised $400 million for a food-delivery startup in January. The startup, CloudKitchens, would be in direct competition with Uber, where Kalanick is still a director.

Here’s how he spends his fortune:


Travis Kalanick presently has a reported net worth of $3.2 billion. Much of that is from holding 7% of Uber’s stock.

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Justin Sullivan/Getty Images
Source: Forbes

As Business Insider previously reported, he was, up until recently, relatively “cash-poor for a billionaire.” But his liquid assets saw a boost after he sold $1.4 billion in Uber shares to Japanese tech giant SoftBank.

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Kimberly White/Getty Images for Breakthrough Prize

Source: Business Insider


Kalanick grew up in the middle-income Los Angeles neighborhood of Northridge. He wanted to be a spy when he grew up.

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David McNew/Getty Images

Source: Business Insider, LA Times


Kalanick went to UCLA, but didn’t graduate. That’s because he dropped out to help found Scour, a peer-to-peer search engine.

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Kevork Djansezian/Getty Images

Source: Business Insider


Far from wealthy at that point, Kalanick was collecting unemployment checks while working full-time on Scour. A group of entertainment companies sued Scour for $250 million, forcing the start-up to fold.

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imgarcade.com

Source: Business Insider


Kalanick quickly rebounded with RedSwoosh, a networking software company that he called his “revenge business.” He co-founded Red Swoosh in 2000, and then sold it for $23 million in 2007.

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Elijah Nouvelage/Getty Images

Source: Business Insider


The earnings from Red Swoosh made Kalanick a millionaire. He took a year off in 2007, after selling the company, and went to Spain, Japan, Greece, Iceland, Greenland, Hawaii, France, Australia, Portugal, Cape Verde, and Senegal.

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Iceland’s Blue Lagoon.
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Shutterstock/S.R.Lee Photo Traveller

Source: Business Insider


The lavish lifestyle that followed Kalanick’s sudden rise to millionaire status in the late 2000s also helped foster the idea for creating Uber. He and his friends spent $800 on a private driver one New Year’s — so he started thinking about ways to make black cab service more economical.

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Uber founder and former CEO Travis Kalanick
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Thomson Reuters

Source: Business Insider


Uber was then founded in 2009. But nowadays, Kalanick has his own private driver. A series of accusations against the company’s workplace and ethics eventually led to Kalanick leaving in 2017.

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Elijah Nouvelage/Getty Images

Source: The New York Times, Business Insider


After Kalanick left Uber, he headed to Tahiti.

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Marconi Couto de Jesus / Shutterstock

Source: Business Insider, Recode


He sailed around the islands in a $70 million sailing vessel owned by media mogul Barry Diller and fashion designer Diane von Furstenberg. The boat, called Eos, is 305 feet long and can hold 16 guests and 21 crew members on board.

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snowwahine/YouTube

Source: Recode, Daily Mail


Back on dry land, Kalanick splits his time between New York and his hometown of Los Angeles.

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Sean Pavone/Shutterstock

Source: The Wall Street Journal


New York City, with its plentiful taxis, bike lanes, and public transit options is a good place for Kalanick to settle down… because, as of June 2016, the Uber co-founder reportedly only had an expired driver’s license.

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Ryan DeBerardinis/Shutterstock

Source: The Verge


But Kalanick does own a 1999 BMW M3, albeit one with a broken alternator. If he bought when it was released, it would have been $45,000.

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Steven Tyler PJs/Flickr

Source: The Verge, Autotrader


While we don’t know much about Kalanick’s Los Angeles pad, but we do know he just bought a $36.4 million apartment in Manhattan. It’s the penthouse at the under-construction 565 Broome SoHo — a 30-story luxury apartment building.

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565 Broome Soho/Facebook

Source: The Wall Street Journal, Elliman


Here’s a rendering of what Kalanick’s penthouse will look like. It’s 6,655 square feet with a 2,500-square-foot private roof terrace. And there’s a 20-foot heated outdoor pool with 360-degree views.

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565 Broome Soho/Facebook

Source: The Wall Street Journal, Elliman


The penthouse has two floors, four bedrooms, and 4.5 bathrooms. There’s even an outdoor kitchen.

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565 Broome Soho/Facebook

Source: The Wall Street Journal, Elliman


Real estate is definitely the name of the game in Kalanick’s post-Uber world. In March, he bought City Storage Systems, which redevelops underused industry, retail and parking sites, for $150 million. He then made himself CEO. “There are over $10 trillion in these real estate assets that will need to be repurposed for the digital era,” he tweeted after the acquisition.

Source: Mercury News


That acquisition was funded by Kalanick’s new investment fund, 10100. It’s dedicated to funding promising firms in e-commerce and real estate, as well as emerging tech in China and India.

Source: Crunchbase


As for what Kalanick’s own philanthropic efforts, it’s not clear how he gives back with his $3.2 billion fortune, or what he intends to do with his money after he dies. A source close to Kalanick said he has “no interest, from what I can tell, in philanthropy.”

Source: New York Magazine


Instead, he seems intent on doing good through capitalism. He’s mentioned Uber programs where gifts are delivered to less fortunate children during the holidays and supplies delivered to displaced people leaving Syria.

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Uber car service on the streets of New York
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shutterstock/MikeDotta

Source: Salesforce


In his new job leading investment fund 10100, he said in March that he’s focusing on “large-scale job creation.” But, as the LA Times pointed out, it’s not clear what sort of jobs he plans on creating. “At Uber, Kalanick was criticized for kickstarting an entire sector of the tech industry reliant on contract workers rather than employees,” the LA Times’ David Pierson wrote. “Uber itself is expected to someday replace its drivers with autonomous vehicles.”

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Travis Kalanick
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Money Sharma/AFP/Getty Images

Source: LA Times


On November 7, The Wall Street Journal reported that Kalanick quietly raised $400 million in January from Saudi Arabia’s sovereign-wealth fund for his new startup, CloudKitchens, a delivery-only restaurant company. The deal could value CloudKitchens at $5 billion and puts Kalanick in direct competition with Uber, which is currently scaling its Eats business.

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Mike Coppola/VF17/Getty Images for VF

Source: The Wall Street Journal, Business Insider