Linus Torvalds Net Worth - Who is Linus Torvalds and How Did He Earn $150 Million - LinuxForDevices (2024)

Linus Benedict Torvalds is a Finnish-American software engineer, businessman, computer scientist, author, and blogger who has an estimated net worth of $150 million.

He is the creator and main developer of the Linux kernel used by the Linux distribution that runs a vast portion of the internet, including Google, Facebook, and Amazon, and also powers billions of mobile phones via Android.

He has also written several best-selling books and won numerous prizes and accolades for his contributions to the IT sector.

Linus Torvalds journey to creating Linux

Linus Torvalds Net Worth - Who is Linus Torvalds and How Did He Earn $150 Million - LinuxForDevices (1)

Linus Torvalds was born on December 28, 1969, in Helsinki, Finland. In a family of authors and poets, Linus was raised by two journalists and spoke Swedish at home. His interest in computers began in 1981 when he was eleven.

By the 90s, he was capable of writing his own video games. He started writing programs in BASIC and assembly languages on his maternal grandfather’s personal computer, a Commodore VIC20. In 1988, he enrolled at the University of Helsinki and later graduated with a computer science major where he earned a master’s degree in computer science from the NODES research group in 1996.

He enlisted in the Finnish Navy in 1998 and attained the rank of the second lieutenant as a result of Finland’s requirement for compulsory military service. He enrolled in a UNIX course at the university in the fall of 1990, however, the university took a long time to purchase the UNIX due to its high cost.

As a result, he started developing Linus’s MINIX, also known as “Linux”, and that’s how, in 1991, the first Linux prototype was publicly released.

Linus Torvalds’ hard work pays off

Impressed by his programming skills, the creator of Apple wanted Torvalds to work on OS X, but he persisted with his Linux project instead. In September 1991, he announced Linux and encouraged his colleagues to use the source code for wider distribution.

The adaptation of Linux grew rapidly, and by 1997, Linux was running on more than 3 million devices. In 1999, Red Hat and VA Linux went public, and all his efforts paid off.

Torvalds reportedly got $20 million worth of shares. Before it went public, Red Hat paid Linus Torvalds $1 million in stock.

In 2012, Red Hat became the first $1 billion open-source company. Torvalds receives an annual salary of $10 million from the Linux Foundation.

Linus Torvalds Net Worth - Who is Linus Torvalds and How Did He Earn $150 Million - LinuxForDevices (2)

For his contribution to the world of technology, He has been also presented with many awards and prizes, including the Millennium Technology Prize and IEEE Computer Society Pioneer Award, and many more. He also has a lot of praise and media recognition all over the world. Torvalds also has written many books.

Summing Up

Linus Benedict Torvalds is a Finnish-American software engineer, entrepreneur, computer scientist, author, and blogger who has an estimated net worth of $150 million. He earned a master’s degree in computer science in 1996. Impressed by his programming skills, many big companies wanted to work with him including the creator of Apple, who wanted Torvalds to work on OS X, but he persisted with his Linux project instead.

In September 1991, he announced Linux and encouraged his colleagues to use the source code for wider distribution. Torvalds receives an annual salary of $10 million from the Linux Foundation. For his contributions to the world of technology, he has also been presented with many awards and prizes, including the Millennium Technology Prize, the IEEE Computer Society Pioneer Award, and many more.

References

Linus Torvalds Net Worth - Who is Linus Torvalds and How Did He Earn $150 Million - LinuxForDevices (2024)

FAQs

How do Linus Torvalds earn money? ›

He then became moderately affluent after some companies gave him shares in recognition of his hard work. Finally, he got a job at a non-for-profit created just to hire him full time - for him to continue tinkering with Linux non-stop.

How does Linux earn money? ›

All Linux distros are dependent on the Linux Kernel Project. That's a foundation rather than a business really, but they get their money from donations supplied by many of the biggest tech corporations. Believe it or not Microsoft has been one of the biggest donors for years.

How does Linux Foundation make money? ›

Funding. Funding for the Linux Foundation comes primarily from its Platinum Members, who pay US$500,000 per year according to Schedule A in LF's bylaws, adding up to US$7.5 million.

What is Linus Torvalds's net worth? ›

Although, Torvald never made much money for a long time, his networth, now, is about $150 million. He gets his money, from companies, paying him for technical support, from Redhat shares and from public speaking.

What does Linux do? ›

Linux® is an open source operating system (OS). An operating system is the software that directly manages a system's hardware and resources, like CPU, memory, and storage. The OS sits between applications and hardware and makes the connections between all of your software and the physical resources that do the work.

Is Linux Legal or Illegal? ›

It was designed for ethical or good hackers so that they make a system stronger which in return will keep your personal information, your privacy, etc. safe. KALI LINUX IS COMPLETELY LEGAL.

Is Linux really free? ›

Although the Linux kernel is distributed under a free license and is thus classified as free software, many other components are commonly packaged with the Linux kernel, and some of them aren't so free.

Who is the biggest contributor to Linux? ›

With the release of 6.1, Oracle is the top contributor to the Linux kernel, responsible for the most lines of code changed in the kernel. In July 2022, we published a blog about how Oracle was the #1 contributor to the core of the kernel in 5.18.

Who are the top donors of the Linux Foundation? ›

Donors include major names in open source and software development, like Google, Microsoft, Red Hat and IBM, as well as some less obvious backers, like JPMorgan Chase, Morgan Stanley and Fidelity.

Why Linux is so successful? ›

Linux is popular with developers and programmers due to its robust command-line interface, extensive development tools, and support for a wide range of programming languages.

Who owns Linux server? ›

Linus Torvalds owns the copyright to the name Linux, but anyone can create a distribution of Linux by combining various open source components.

How do Linus Torvalds make money? ›

Linus Torvalds current fortune is mostly due to his late 1990s stock holdings. In 1999, Red Hat and VA Linux – both leading developers of Linux-based software – presented Torvalds with stock options in gratitude for his creation.

What car does Linus Torvalds drive? ›

The license plate on Linus Torvalds' Mercedes SLK convertible says it all. The frame running around the outside of the plate says "Mr. Linux.

Does Linus Torvalds have a degree? ›

He enrolled at the University of Helsinki in 1988, graduating with a master's degree in computer science. His M.Sc. thesis was titled Linux: A Portable Operating System. An avid computer programmer, Linus authored many gaming applications in his early years.

How long did it take Linus Torvalds to make Git? ›

Creating Git wasn't an easy process. It took Linus Torvalds two weeks to write the initial version of Git, but it wasn't until a few years later that developers began to adopt it.

Is BitKeeper still around? ›

BitKeeper is a discontinued software tool for distributed revision control of computer source code.

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