рооேро▓ுроо் роЗродு рооிроХроЪ் роЪிро▒рои்род рок்ро│ாроХ்роХிроЩ் родро│рооாроХ роЙро│்ро│родு. роЯேро╡ிроЯ் роХாро░்рок் роЗрои்род родро│род்родை роЖро░роо்рокிроХ்роХுроо் рокோродு роХூроЯ роЗро╡்ро╡ро│ро╡ு ро╡ிро▓ைроХ்роХு рокோроХுроо் роОрой роОродிро░்рокாро░்родிро░ுроХ்роХрооாроЯ்роЯாро░். роЕрои்род ро╡роХைропிро▓் роЗро╡ро░ுроХ்роХு ропோроХроо் родாрой். David Karp didn’t finish high school. That didn’t stop him from working his way into the 1 percent.
On Monday, when Yahoo announced it would acquire Karp’s Tumblr, rumors swirled across the Web that the 26-year-old entrepreneur had become a billionaire, joining the likes of Facebook cofounders Mark Zuckerberg and Dustin Moskovitz as the youngest members of the 10-figure fortune club. The Tumblr founder, however, is not a billionaire. But he is still very wealthy.
FORBES estimates that Karp, after taxes, will be about a fifth of the way to the $1 billion threshold with Yahoo’s $1.1 billion deal for Tumblr.
Prior to negotiations, the Tumblr CEO held about a 25% stake in the New York City-based blogging platform he created. With Yahoo’s acquisition of Tumblr, which is being done almost all in cash, Karp will receive about $250 million in cash and a small amount of Yahoo stock. Shares of the Sunnyvale, Calif.-based internet company closed at $27.00 on Tuesday, up 1.58%.
Neither Karp nor a Tumblr spokesperson could be reached for comment.
Nearly a third of Karp’s windfall will go to federal and New York state coffers following the close of his company’s deal with Yahoo. As a New York City resident, Karp will face taxes of almost 33% since his payday–cash and stock included–will be treated as capital gains. If Yahoo’s acquisition of Tumblr is officially completed in the next few months as expected, Karp will likely pay just under $90 million in taxes by April 15, 2014 to the federal government and New York state government combined.
After taxes, Karp will be worth about $190 million, a sum that that should keep the Tumblr founder content given his minimalist lifestyle. His 1,700-square-foot, $1.6 million Williamsburg, Brooklyn loft is sparsely furnished and he has been known to travel to places like Japan with only a carry-on in tow.
“I don’t have any books. I don’t have many clothes,” Karp told my colleague Jeff Bercovici for a FORBES cover story in January. “I’m always so surprised when people fill their homes up with stuff.”
Compared to other members of the young and wealthy tech elite, Karp is far behind the likes of billionaire Facebook cofounders Zuckerberg and Moskovitz in terms of net worth. Based on Facebook’s closing share price on Tuesday of $25.66, Zuckerberg is worth $12 billion. The world’s youngest billionaire, Moskovitz, who celebrated his 29th birthday on Wednesday, has a net worth of $3.5 billion.