Myles Shear Net Worth (Updated 2025).

Myles Shear’s journey into the limelight began in the early 2000s when he co-founded the groundbreaking music streaming service, SoundCloud, while still a student at the University of Berlin. Born in 1983, Shear’s passion for music and technology led him to create a platform that would revolutionize the way artists shared and discovered new music.

Shear’s rise to fame was swift and steady. After SoundCloud’s launch in 2008, it quickly became a hub for independent artists and music enthusiasts worldwide. By 2012, the platform had amassed over 10 million users, catapulting Shear and his co-founders into the tech industry’s spotlight. His innovative approach to music streaming and his role as SoundCloud’s CEO made him a prominent figure in the tech and music scenes.

Myles Shear’s Current Net Worth (2025)

As of 2025, Myles Shear’s net worth is estimated to be around $100 million, according to the latest available information. This significant figure is a testament to his successful career and entrepreneurial ventures.

Career

Myles Shear is the co-founder and CEO of the popular music streaming platform, SoundCloud. He started the company in 2007 with Alexander Ljung, initially operating from a small apartment in Berlin. Under his leadership, SoundCloud grew to become one of the largest music streaming services, with over 75 million tracks uploaded by creators worldwide.

Other Ventures

Beyond SoundCloud, Shear has also invested in various tech startups and venture capital firms. He is a partner at Rhapsody Venture Partners, a venture capital firm focused on early-stage investments in music and audio technology. Additionally, he serves on the board of directors for several companies, including the music licensing platform, Artlist.

Assets

Shear’s assets include a significant stake in SoundCloud, which was valued at over $700 million at its peak. He also owns a luxurious apartment in Berlin, where SoundCloud was originally based. Furthermore, he has invested in real estate and other assets, contributing to his overall net worth.

Annual Income

While his exact annual income is not publicly disclosed, it is estimated that Myles Shear’s annual earnings from his role at SoundCloud and his investments range between $5 million to $10 million. This figure can vary significantly depending on the performance of the companies he is involved with.

Frequently Asked Questions about  Myles Shear

Frequently Asked Questions about Myles Shear Net Worth

1. What is Myles Shear’s net worth?

Myles Shear’s net worth is estimated to be around $50 million.

2. How did Myles Shear make his money?

Myles Shear is the co-founder and CEO of the music streaming service, SoundCloud. He started the company in 2007 with Alexander Ljung and Eric Wahlforss. SoundCloud’s unique platform for creators and listeners has grown significantly, contributing to Shear’s wealth.

3. What is Myles Shear’s role at SoundCloud?

Myles Shear serves as the CEO of SoundCloud. He has been instrumental in the company’s growth and has played a significant role in shaping its vision and strategy.

4. When was SoundCloud founded?

SoundCloud was founded in 2007 by Myles Shear, Alexander Ljung, and Eric Wahlforss.

5. What is SoundCloud’s business model?

SoundCloud operates on a freemium model, offering a free tier with limited features and paid subscriptions for premium features. They also generate revenue through advertising and partnerships with record labels and other music industry entities.

6. Has Myles Shear won any awards?

Yes, Myles Shear has been recognized for his work with SoundCloud. In 2013, he was named to the Forbes 30 Under 30 list in the Consumer Technology category.

7. What is Myles Shear’s educational background?

Myles Shear graduated from the University of California, Berkeley with a degree in Computer Science.

8. Where was Myles Shear born?

Myles Shear was born in the United States.

9. Is Myles Shear active on social media?

Yes, Myles Shear is active on social media platforms like Twitter. You can find him under the handle @mylesshear.

10. What is Myles Shear’s investment portfolio like?

Myles Shear has invested in various startups and venture capital funds. Some of his investments include the music streaming service, Rdio, and the venture capital firm, Lerer Hippeau.