![]() As he told the New Yorker: "I had always wanted to belong and I had been thinking that this was going to get solved when I had money, and instead I had no idea how I wanted to live my life." So he moved to a small cabin outside Stockholm and after he and his pal Lorentzon were talking about music, they eventually came up with the idea for their music streaming service. But all the money and gold diggers left him depressed. After the sale, he enjoyed the usual sudden-wealth-syndrome excesses - he bought a Ferrari, partied and went to nightclubs in Stockholm in his native Sweden. Ek, 35, started his first tech company when he was 14, and made his first fortune when he was 23, after selling his online ad company Advertigo. Despite his newfound paper fortune, Ek isn't likely to go on a Ferrari or yacht-buying binge. Spotify's total valuation hit a high of $30.5 billion but has now settled back to around $26 billion. Co-founder Martin Lorentzon is now worth more than $3 billion. Despite Spotify's shares coming off their initial highs Tuesday, Ek's 9 percent stake in the company has soared in value over the past week. Spotify co-founder Daniel Ek is worth over $2 billion following the company's trading debut on the NYSE. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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