Net Worth Ranker
What Is Mark Gorton’s Net Worth?
Mark Gorton, an American entrepreneur best known as the creator of LimeWire and the founder of Tower Research Capital LLC, has an estimated net worth of $10 million. This figure primarily reflects his success in the tech and financial sectors, although the specific details of his asset allocation are not publicly available.
Early Life and Education
Born on November 7, 1966, Mark Gorton’s early life provided a strong foundation for his later achievements. He pursued higher education with significant dedication, earning a Bachelor’s degree in Electrical Engineering from Yale University. Continuing his academic pursuits, he obtained a Master’s degree in Electrical Engineering from Stanford University, further solidifying his technical expertise. Gorton completed his formal education with an MBA from Harvard University, equipping him with the business acumen necessary for his entrepreneurial ventures.
Career and Business Ventures
Gorton’s career began as an electrical engineer at a division of Lockheed Martin. He later transitioned into fixed-income trading at Credit Suisse First Boston before venturing out on his own. In 1998, he founded Tower Research Capital LLC, a financial services firm that has grown to employ over 900 people across 30 separate trading teams globally. Tower Research Capital’s estimated annual revenue is currently $390.6 million per year. Tower Research Capital’s most recent portfolio value is calculated to be $5,039,185,221 USD as of December 31, 2024. In 2019, the company made a $168,921 contribution to its employee 401(k) plan.
LimeWire, a peer-to-peer file-sharing program, was one of Gorton’s most recognized ventures. Although LimeWire faced legal challenges related to copyright infringement, it significantly impacted the digital landscape during its operation. He is also the founder of OpenPlans, a non-profit organization established in 1999 that advocates for sustainable transportation and urban planning. OpenPlans has received funding from various organizations, including Google, the Institute for Transportation and Development Policy, the Knight Foundation, the SURDNA Foundation, the Rockefeller Foundation, and the World Bank. In 2023, OpenPlans had a revenue of $4.94 million and expenses of $2.82 million.
