Dick Costolo Net Worth & Biography - Celebrity Net Worth

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Introduction

Dick Costolo is an American businessman. He was the CEO of Twitter from 2010 to 2015; he also served as the COO before becoming CEO. He took over as CEO from Evan Williams in October 2010.

On June 11, 2015, it was announced that Costolo would step down as CEO on July 1, 2015, and would be replaced by Twitter co-founder and chairman Jack Dorsey on an interim basis until the Board of Directors could find a replacement.

On August 8, 2015, The New York Times reported that Costolo would be leaving Twitter's Board of Directors by the end of the year or when a new CEO is appointed. As of , Dick Costolo has an estimated net worth of about $500M.

At a Glance

Full name: Richard William Costolo

Other names: Dick Costolo

Birthday: September 10, 1963

Age:

Net worth: $500M

Occupation: American Businessman & Entrepreneur, Former CEO of Twitter.

Nationality: United States of America

Net Worth

$500M

In 2013, Business Insider referred to Dick Costolo as "one of Silicon Valley's most impressive CEOs", and Time magazine named him one of the 10 Most Influential U.S. Tech CEOs. Costolo gave the 2013 spring commencement address to the University of Michigan graduating class on May 4, 2013. As of , Dick Costolo has an estimated net worth of about $500M.

Early Life & Education

Richard William Costolo was born in Royal Oak, Michigan. In 1985, he earned a Bachelor of Science degree in computer and communication sciences from the University of Michigan. Costolo became involved in theater during his senior year of college, when he began taking theater classes to fulfill the university's graduation requirements.

Favorite Quotes from Dick Costolo

“When you’re doing what you love to do, you become resilient. You create a habit of taking chances on yourself. If you do what’s expected of you, and things go poorly, you will look to external sources for what to do next because that will be your habit.” – Dick Costolo
“The way you build trust with your people is by being forthright and clear with them from day one. You may think people are fooled when you tell them what they want to hear. They are not fooled.” – Dick Costolo
“The key is to just get on the bike, and the key to getting on the bike… is to stop thinking about ‘there are a bunch of reasons I might fall off’ and hop on and peddle the damned thing. You can pick up a map, a tire pump, and better footwear along the way.” – Dick Costolo
“Believe that if you make courageous choices and bet on yourself and put yourself out there, that you will have an impact, as a result of what you do. And you don’t need to know now what that would be or how will it happen because no one ever does.” – Dick Costolo
“When I was your age, we didn’t have the Internet in our pants. We didn’t even have the Internet, not in our pants. That’s how bad it was. I know I sound like my grandfather right now. We didn’t have teeth! There were no question marks; we just had words! What was I talking about? The Internet…Not only can you not plan the impact you’re going to have, you often won’t recognize it when you have it…” – Dick Costolo

Career

Upon graduation, he decided not to accept offers from technology companies and instead moved to Chicago to work in improvisational comedy.

After his improv career in Chicago, Costolo was at Andersen Consulting for eight years, where he was a senior manager in product and technology groups. He then co-founded Burning Door Networked Media, a web design and development consulting company, which was acquired by Digital Knowledge Assets in October 1996. He then co-founded SpyOnIt, a web page monitoring service, which was sold to 724 Solutions in September 2000.

In 2004, Costolo, along with Eric Lunt, Steve Olechowski, and Matt Shobe, founded the web feed management provider FeedBurner. After Google bought FeedBurner in 2007, Dick Costolo became an employee of the search giant. After the acquisition, Costolo began working in other areas of Google.

In July 2009, he left Google, and in September 2009 it was announced that he was joining Twitter as its COO. Although his 2010 takeover as CEO was supposed to be temporary, while CEO Evan Williams was on paternity leave, it eventually became a permanent position. In 2011, he would notably proclaim about Twitter, “We're the free speech wing of the free speech party.”

In May 2011, it was announced that President Obama had appointed Costolo to the National Security Telecommunications Advisory Committee, along with the Corporate Vice President of Microsoft's Trustworthy Computing Group, Scott Charney, and McAfee President of Security David DeWalt.

In January 2012, he was embroiled in the Stop Online Piracy Act (SOPA) controversy after commenting on Wikipedia's planned blackout. He stated, "That's just silly. Closing a global business in reaction to single-issue national politics is foolish."

In 2015, an internal Twitter memo by Costolo was leaked in which he said he was "frankly ashamed" at how poorly Twitter handled trolling and abuse, saying, "We suck at dealing with abuse and trolls on the platform and we've sucked at it for years", and admitted Twitter had lost users as a result.

In October 2015, Costolo was announced as a consultant for the HBO TV series Silicon Valley. He was featured in the series finale of season 6.

In December 2015, Costolo announced that he joined the board of directors for Patreon, a startup that helps artists raise money for their creative projects.

In January 2016, Costolo announced that he will launch a fitness startup along with Bryan Oki, CEO of Fitify. The two co-founders are "building a software platform that reimagines the path to personal fitness."

In February 2016, Costolo joined Index Ventures as a partner.