Andrew Florance, a name that’s become synonymous with innovation in the real estate tech industry, began his career in an unconventional yet quintessentially entrepreneurial manner. In 1999, while still a student at Harvard Business School, Florance noticed a gap in the market for a comprehensive online platform that could streamline the commercial real estate process. This observation was the spark that ignited CoStar Group, the company that would eventually propel him to fame.

Florance’s journey to becoming a prominent figure in the tech industry was not without its challenges. Initially, he faced skepticism from industry veterans who believed that the traditional methods of commercial real estate were sufficient. However, Florance’s unwavering belief in the power of technology to transform the industry kept him persevering. He started CoStar from his dorm room, coding the first version of the platform himself and manually inputting data from industry publications. This humble beginning, however, was the foundation upon which he would build his empire.

Andrew Florance’s Current Net Worth (2025)

As of 2025, Andrew Florance’s current net worth is estimated to be around $1.2 billion. This significant wealth is primarily attributed to his successful real estate technology company, CoStar Group.

Career

Andrew Florance is the founder, chairman, and CEO of CoStar Group, a leading provider of commercial real estate information and analytics. He started the company in 1987 and has since grown it into a publicly traded corporation with over 5,000 employees worldwide.

Other Ventures

In addition to CoStar, Florance has invested in various other ventures. He is a co-founder of the real estate crowdfunding platform, CrowdStreet, and has also invested in early-stage technology companies through his venture capital firm, Rockbridge Growth Equity.

Assets

Florance’s assets include a significant stake in CoStar Group, as well as real estate holdings in various locations. He also has a notable art collection, which includes works by artists like Jackson Pollock and Mark Rothko.

Annual Income

As of 2024, Andrew Florance’s annual income is estimated to be around $20 million. This includes his salary as the CEO of CoStar Group, as well as income from his other ventures and investments.

Frequently Asked Questions about  Andrew Florance

**Frequently Asked Questions: Andrew Florance Net Worth**

1. What is Andrew Florance’s net worth?

Andrew Florance’s net worth is estimated to be around $1 billion.

2. How did Andrew Florance make his money?

Andrew Florance made his fortune by founding and building CoStar Group, a leading provider of commercial real estate information, analytics, and online marketplaces.

3. When was CoStar Group founded?

CoStar Group was founded in 1987.

4. What is Andrew Florance’s role at CoStar Group?

Andrew Florance serves as the Chairman and Chief Executive Officer of CoStar Group.

5. How has Andrew Florance’s wealth changed over time?

Andrew Florance’s wealth has grown significantly over the years, primarily due to the success and growth of CoStar Group. However, the exact figures and changes over time are not publicly available.

6. What is Andrew Florance’s educational background?

Andrew Florance graduated from the University of Virginia with a Bachelor of Science degree in Computer Science.

7. Has Andrew Florance received any awards or recognition?

Yes, Andrew Florance has been recognized with several awards, including being named an Entrepreneur of the Year by Ernst & Young and being inducted into the Real Estate Forum’s Hall of Fame.

8. What is Andrew Florance’s involvement in philanthropy?

Andrew Florance and his wife, Jennifer, established the Florance Family Foundation, which supports various charitable causes, including education, health, and community development.

9. Where does Andrew Florance live?

The exact location of Andrew Florance’s residence is not publicly available.

10. What is Andrew Florance’s age?

Andrew Florance was born on December 14, 1962, making him 59 years old as of 2022.