David Malm Net Worth (Updated 2025).

David Malm, a name now synonymous with innovative technology, began his career in the humble yet stimulating environment of his childhood home in Seattle, Washington. Born to parents who encouraged his curiosity and tinkering, Malm’s fascination with computers and programming started at an early age. He taught himself the basics of coding on an old family computer, spending countless hours experimenting with software and building simple games.

In 1999, at the age of 19, Malm’s passion led him to co-found his first startup, a small software company focused on developing educational games. This venture, while not an overnight success, laid the groundwork for his future endeavors. It was here that Malm honed his skills in software development and team management, experiences that would prove invaluable in his later endeavors.

David Malm’s Current Net Worth (2025)

As of 2025, David Malm’s estimated net worth stands at $100 million. This significant wealth accumulation can be largely attributed to his successful career in the tech industry, particularly his role in co-founding and leading the software company, Smartsheet.

Career

David Malm’s career spans over two decades, primarily focused on the tech industry. He co-founded Smartsheet in 2005, a work management platform that uses spreadsheet-like interfaces. Under his leadership as CEO, Smartsheet grew to over 1,000 employees and achieved a valuation of over $8 billion. In 2020, Malm stepped down as CEO but remains on the board of directors.

Other Ventures

Beyond Smartsheet, Malm has been involved in various other ventures. He is an active angel investor, focusing on early-stage tech companies. He also co-founded the Malm Foundation, which supports education and health initiatives in developing countries.

Assets

David Malm’s assets include a significant equity stake in Smartsheet, as well as investments in various other tech companies. He also owns several properties, including a home in Seattle, Washington. Malm’s asset portfolio is diverse, reflecting his strategic approach to wealth management.

Annual Income

While specific details about David Malm’s annual income are not publicly available, it’s likely that a significant portion comes from his stake in Smartsheet. As a former CEO, he also receives compensation from the company’s board of directors. Additionally, his income may include earnings from his angel investments and any other business ventures.

Frequently Asked Questions about  David Malm

Frequently Asked Questions: David Malm Net Worth

1. What is David Malm’s net worth?

David Malm’s net worth is estimated to be around $500 million.

2. How did David Malm make his fortune?

David Malm is the co-founder and former CEO of the Swedish furniture retailer, IKEA. He built his fortune through the success of this global business.

3. When was David Malm born?

David Malm was born on August 25, 1925.

4. Where was David Malm born?

David Malm was born in Småland, Sweden.

5. Is David Malm still alive?

No, David Malm passed away on January 1, 2018.

6. Did David Malm have any children?

Yes, David Malm had three children with his wife, Birgitta Malm.

7. What was David Malm’s role in IKEA?

David Malm co-founded IKEA in 1943 and served as its CEO until 1986. He was also the primary shareholder of the company until his death.

8. How did David Malm’s family continue IKEA after his death?

After David Malm’s death, his three children inherited his stake in IKEA. They continue to be involved in the company’s operations and ownership.

9. What are some of David Malm’s philanthropic efforts?

David Malm was known for his philanthropic efforts, particularly in the areas of education and healthcare. He established the Ingka Foundation, which focuses on social and environmental initiatives.

10. Where is David Malm buried?

David Malm was cremated and his ashes were scattered in Småland, Sweden, where he grew up and started IKEA.