Question: How much is MySpace Tom Worth?

How much money did Tom sell Myspace for?

What happened to Tom from Myspace, and what’s his net worth today? Tom Anderson, often referred to as “Tom from Myspace,” is the co-founder of the social media platform Myspace. Anderson and his partners sold the company in 2005 for $580 million.

What does Myspace Tom do now?

Tom Anderson, who was known as “Tom from MySpace”, “MySpace Tom” or “My friend, Tom”, retired at 40 and is now a travel photographer. … The photographer, 50, who now lives in Hawaii, obviously travels extensively as he posts numerous pictures on his Twitter and Instagram profiles.

How much is Myspace worth now?

How much is Myspace worth now? As of 2021, he is estimated to have a net worth of approximately $60 million. According to reports, News Corp acquired Myspace for $580 million back in 2005 and sold it out for only $35 million in 2011. Tom invested his income from Myspace in real estate and other online businesses.

Is Tom from Myspace still rich?

What Tom Anderson has been up to since then. Anderson made a lot of money from selling Myspace to News Corp. It has been estimated that his net worth is around $60 million. Since Anderson could easily retire and spend time on his hobbies, that was exactly what he did.

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What killed Myspace?

Myspace failed because of rising competition, a poor and inconsistent product, heavy spending, as well as ongoing legal battles. Launched in January 2004, the site became the world’s leading social media platform. It was acquired for $580 million by News Corp in 2005 but eventually flamed out.

Does Justin Timberlake still own Myspace?

In June 2011, Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million. On February 11, 2016, it was announced that Myspace and its parent company had been purchased by Time Inc.

Myspace.

Screenshot of Myspace in 2017
Launched August 1, 2003
Current status Active

Who sold Myspace?

Anderson sold Myspace to News Corp in 2005 for $580 million. Six years later, Myspace sold again for a hugely depreciated $35 million, prompting Rupert Murdoch to refer to the initial purchase as “A huge mistake.” In retrospect, it’s clear that Anderson cashed out at the perfect time.

Is Myspace coming back?

Officially, however, Myspace is far from dead. If you go to myspace.com, you’ll see that it is very much still alive, though it has mostly transitioned away from social networking to become a curated music and entertainment site. As of 2019, the site boasted over 7 million monthly visits.