Insider Tracker

Adam Foroughi is the cofounder and CEO of AI-powered advertising technology company AppLovin.

Based in Palo Alto, California, AppLovin was founded in 2011 and went public in 2021. Foroughi owns around 11% of its shares.

Foroughi bootstrapped AppLovin for years without outside funding. KKR became its biggest backer with a $400 million investment in 2018.

Foroughi was born in Iran a year after the 1979 Iranian Revolution and immigrated to California as a child.

He became a derivatives trader after graduating from the University of California, Berkeley, and started two marketing companies before AppLovin.