Travis Kalanick Walking Away With $1.4 Billion as Uber’s Deal With SoftBank Closes

Kalanick's estimated fortune is $4.74 billion, according to Bloomberg

676275669DF00260_Vanity_Fai
Getty Images for Vanity Fair, File

SoftBank completed its long-awaited investment agreement with Uber on Thursday, making SoftBank the company's largest shareholder and providing a huge payday for co-founder Travis Kalanick and other early backers, CNBC reported.

"We're proud to have SoftBank, Dragoneer and the entire consortium in the Uber family. This is a great outcome for our shareholders, employees and customers," an Uber spokesperson said in a statement.

Kalanick, who was ousted as CEO last year after high-profile problems, will get $1.4 billion from the deal, a source familiar with the arrangement has told CNBC.

His estimated fortune is $4.74 billion, according to Bloomberg.

Get more at Read More

Contact Us