⬅ # 582 Gianfelice Rocca|# 584 George Lucas

# 583 Dan Kurzius 

$5.24B

Real Time Net Worth
as of 7/12/2024
$22.6M (0.43%)

# 583 Dan Kurzius 

$5.24B

Real Time Net Worth
as of 7/12/2024
$22.6M (0.43%)
OccupationCofounder, Mailchimp
Source of WealthEmail Marketing
Age52
ResidenceAtlanta, Georgia
Marital StatusMarried
Children2
EducationHigh School Graduate, High School
Age-Adjusted Net Worth$9.00B
Dan Kurzius
Dan Kurzius
United States
Net worth: $5.24B

Self-Made Score 

Wealth History

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Biography

Overview

Dan Kurzius, born in 1971 or 1972, is an American billionaire businessman, known as the co-founder and chief customer officer of Mailchimp.
He, along with Ben Chestnut, founded Mailchimp in 2001 initially as a side project to their web design company.
Mailchimp, a marketing automation and email marketing platform, grew from a small venture to a powerhouse in the industry, with Kurzius and Chestnut bootstrapping its growth without outside funding.
In September 2021, Intuit acquired Mailchimp for $12 billion, marking a significant milestone in Kurzius's entrepreneurial journey.

Early Life

Dan Kurzius's father operated a bakery-deli in Albuquerque, New Mexico, which faced closure due to competition from big bakery chains.
Tragically, Kurzius's father passed away from a heart attack when Dan was just 14 years old.

Career

Kurzius initially pursued a career as a DJ before transitioning into real estate.
In 2001, Kurzius and Ben Chestnut founded Mailchimp while running a web design company, deciding to bootstrap its growth.
He has never accepted outside funding for Mailchimp, which has contributed to his substantial net worth, estimated at $2.1 billion as of March 2019.

Personal Life

Dan Kurzius is married and has two daughters, residing in Atlanta, Georgia.
Beyond business, Kurzius has a passion for collecting vintage skateboards.

Mailchimp's History

Founded in 2001 by Ben Chestnut and Mark Armstrong, with Dan Kurzius joining later, Mailchimp started as a paid service.
It gained popularity and expanded rapidly, adding a freemium option in 2009, which significantly boosted its user base.
Over the years, Mailchimp evolved into a comprehensive marketing platform, expanding its services beyond email marketing to include lead tracking, website building, and ad retargeting.
Mailchimp's growth and success without external funding have made it a prime example of a bootstrapped startup in the tech industry.

Acquisition by Intuit

Despite turning down acquisition offers for two decades, Mailchimp agreed to be acquired by Intuit in September 2021 for $12 billion.
The acquisition marked a significant event in Mailchimp's journey, with Intuit renaming the platform to Intuit Mailchimp after the acquisition was completed in November 2021.

How long would it take you to become as rich as Dan Kurzius?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Dan Kurzius's net worth of $5.24B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 51.86% compared to 19.03% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Dan Kurzius is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Dan Kurzius, Email Marketing is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey