WhatsApp co-founder Brian Acton, whose net worth now stands at around $6.5 billion, has chose to leave the company to start his own non-profit foundation. He shared this news via Facebook Post. While Acton didn't mention when exactly he will be stepping off, sources tell VentureBeat the action will take place sometime this year in November.
He states that "I have chose to move on and start a new chapter in my life" - a "non-profit focused at the intersection of nonprofit, technology and communications". Acton is Quitting Whatsapp to start his own non-profit foundation. "I've chose to start a foundation focused at the intersection of nonprofit, technology and communications".
Acton was with Whatsapp when Social networking giant Facebook acquired it in the year 2014. Brian Acton with current CEO of WhatsApp Jan Koum launched the messaging app service back in 2009, which now has 1.3 billion monthly active users and 1 billion daily active users.
Both Acton and Koum are former Yahoo employees. Acton continued by pointing out that the time has come for him to "focus and execute" his latest plan. He announced the decision to his colleagues at WhatsApp during an meeting at Facebook headquarters. Though, he did not share more concrete details about his new venture.
However, there's no clarity on what Acton will be working in future.
Acton, now worth $6.5bn according to Forbes, was responsible for leading the engineering division at WhatsApp. Coincidentally, Brian's post for leaving the company comes a week after they officially announced monetization agendas for businesses.