James Monsees Net Worth

Table of Contents

James Monsees Net Worth and Career

Net Worth$900 million
SalaryN/A
BirthdateN/A
BirthplaceN/A
GenderN/A
HeightN/A
ProfessionEntrepreneur, Businessman
NationalityAmerican

Highlights

– James Monsees has a net worth of $900 million.

– He co-founded Juul Labs, an electronic cigarette company, with Adam Bowen.

– Monsees served as the former chief product officer of Juul Labs.

– Juul Labs is headquartered in San Francisco, California.

– Altria purchased a 35% stake in Juul in December 2018, increasing Monsees’ net worth.

– Juul had a revenue of $2 billion in 2018 and employed 1,500 people.

– James Monsees stepped down as an adviser and board member of Juul in March 2020.

Early Life

James Monsees was born in [Birthplace, N/A]. However, specific details about his birthdate, birthplace, and height are not publicly available.

Monsees attended Whitfield School for his high school education. He then pursued his Bachelor of Arts (BA) degree from Kenyon College, followed by a Master of Science (MS) degree in product design from Stanford University. It was during his time at Stanford in 2004 that he met Adam Bowen, who later became his co-founder at Juul Labs.

Career

James Monsees co-founded Juul Labs, an electronic cigarette company, with Adam Bowen. The idea for Juul was born during their time at Stanford when they would have smoke breaks together.

Monsees utilized his product design expertise to create the Juul e-cigarette, which packages nicotine salts from leaf tobacco into cartridges that have a one-time use. This innovative product quickly gained popularity and became the leading e-cigarette brand in the United States.

In December 2018, Altria purchased a 35% stake in Juul, which significantly increased the company’s valuation and subsequently James Monsees’ net worth. However, Juul has faced scrutiny and investigations from regulatory bodies, including the U.S. Food and Drug Administration, due to concerns about its high nicotine concentrations and appeal to young people.

Despite the success of Juul, James Monsees stepped down as an adviser and board member of the company in March 2020.

Personal Life

Information about James Monsees’ personal life, including his marital status, family, and hobbies, is not publicly available.

Net Worth Over Time

James Monsees’ net worth has experienced significant fluctuations over time. As of the latest available information, his net worth is estimated to be $900 million.

In December 2018, Altria’s purchase of a 35% stake in Juul significantly increased the company’s valuation, contributing to a boost in Monsees’ net worth.

While Juul’s private valuation reached $38 billion in 2019, the company’s current valuation stands at approximately $14 billion.

Components of Net Worth

James Monsees’ net worth primarily comes from his co-founding and involvement with Juul Labs. The success of Juul, which generated significant revenue and attracted substantial investments, contributed to his overall net worth.

It is important to note that net worth calculations are based on publicly available information and estimations. As such, the accuracy of the figures may vary.

All net worths mentioned in this article are calculated using data drawn from public sources and are only estimates unless otherwise indicated. Corrections and feedback are always welcome to ensure the information remains as accurate as possible.

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