The internet has come a long way since its humble beginnings, and so have the people who helped pave the way. One such pioneer is Sky Dayton, who is notable for being the founder of EarthLink, an internet service provider that was popular during the 90s. But what is perhaps more impressive is his net worth, which has skyrocketed over the years. In this post, we will take a look inside the reasons behind his net worth growth.
Early Life
Sky Dayton was born in 1971 in New York City to a family of entrepreneurs. His parents founded Dayton Hudson Corporation, which eventually became Target Corporation. Dayton, however, didn’t immediately pursue his passion for technology. Instead, he attended The Delphian School, a boarding school in Oregon, where he discovered his love for computers and programming.
The Birth of EarthLink
In 1994, Dayton founded EarthLink with his friend Reed Slatkin. The company was an instant success thanks to its easy-to-use software and excellent customer service. In 1996, EarthLink became publicly traded, and Dayton became a multimillionaire.
Dayton’s Other Ventures
Dayton is known for his involvement in many startups beyond EarthLink. In 2001, he founded Boingo Wireless, which provides Wi-Fi in various locations such as airports, hotels, and hospitals. He sold his shares in the company in 2013, but it is still a significant player in the industry.
Dayton is also invested in Space Adventures, which was one of the first companies to offer commercial space travel opportunities to tourists.
Dayton’s Net Worth
As of 2021, Sky Dayton’s net worth is estimated to be $670 million. The majority of his wealth comes from EarthLink, thanks to his 10% stake in the company. However, his investments in Boingo Wireless and Space Adventures have also contributed to his wealth.
Dayton’s Philanthropy
Despite his immense wealth, Dayton is known for his philanthropic efforts. He has donated millions of dollars to various causes such as the Nature Conservancy and the Environmental Defense Fund.
Dayton’s Personal Life
Dayton is married to Arwen Lawson, a former employee at EarthLink. The couple has two children and currently resides in Los Angeles.
Dayton’s Future Plans
Dayton may have left EarthLink and Boingo Wireless, but he’s still active in the tech industry. He’s currently involved with Upfront Ventures, a venture capital firm that has invested in various startups.
FAQs
Q1. What is EarthLink?
A1. EarthLink is an internet service provider that was founded in 1994 by Sky Dayton and Reed Slatkin.
Q2. What is Sky Dayton’s net worth?
A2. Sky Dayton’s net worth as of 2021 is estimated to be $670 million.
Q3. What is Boingo Wireless?
A3. Boingo Wireless is a company that provides Wi-Fi in various locations such as airports, hotels, and hospitals.
Q4. What philanthropic causes does Sky Dayton support?
A4. Sky Dayton has donated to various causes such as the Nature Conservancy and the Environmental Defense Fund.
Q5. What is Upfront Ventures?
A5. Upfront Ventures is a venture capital firm that has invested in various startups. Sky Dayton is currently involved with the firm.