Person profile
Founder and chief executive of Shopify
"Valued as of" is the effective date of the market closes, exchange rates, and filings inside the estimate. "Sources checked" is when the pipeline last verified those sources successfully. A weekend check can confirm a Friday valuation without inventing weekend movement.
As of September 4, 2026, Tobi Lutke's estimated net worth is about $11.5B(11.5 billion US dollars). That places Tobi Lutke at #18 among the people Net Worth Leader currently tracks.
This is an estimate of assets minus documented liabilities. It is not a cash balance, and many holdings may be restricted, pledged, illiquid, or difficult to value.
Tobi Lutke founded Shopify in 2006 after building an online snowboard store and finding the available software inadequate. His estimate values the Class B shares he holds directly and through a holding company, disclosed in Shopify's 2025 annual report amendment, at the Nasdaq price of the Class A shares.
Lutke, a German-born programmer, turned the store software into a platform for merchants, listed Shopify in 2015, and moved its US listing from the New York Stock Exchange to Nasdaq in 2025. A founder share preserves his voting power as he sells shares under prearranged plans.
The estimate tracks Shopify's share price. Form 144 notices in 2026 indicate continued sales after the annual report's record date, so the count may be modestly high until the next disclosure.
Tobi Lutke's estimate declined mainly because Shopify Inc. shares decreased from the prior comparable close.
A one-day estimate change is not the same as income, profit, or a realized gain or loss.
| Component | Class | Ownership | Valuation basis | Central value | Supported range | Evidence date | Price date | Sources | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Shopify Class B restricted voting shares held directly and through 7910240 Canada Inc. (convert one-for-one into Class A)Shopify Inc. (SHOP, Class A subordinate voting shares) | listed equity | direct (77,750,132 units) | Listed close | 11.3 billion US dollars | Priced value | [1] Shopify Inc., Form 10-K/A (Part III) for fiscal 2025, [2] Daily unadjusted closing prices, chart endpoint | current | ||
| Shopify Class A subordinate voting shares held through entitiesShopify Inc. (SHOP, Class A subordinate voting shares) | listed equity | indirect (1,548,000 units) | Listed close | 224.6 million US dollars | Priced value | [1] Shopify Inc., Form 10-K/A (Part III) for fiscal 2025, [2] Daily unadjusted closing prices, chart endpoint | current |
Liabilities without a documented value are never shown as zero; they are simply not included, and that limitation is part of source coverage below.
100.0% of this profile's modeled gross value is supported by Tier 1 or Tier 2 evidence (primary filings, official documents, licensed market data, or audited accounts). The profile carries a strong coverage label.
No meaningful range beyond the central estimate is supported for this profile, so only the central value is published. Unknown liabilities are not evidence that no liabilities exist. No personal liability is documented for this profile, so none is deducted.
The timeline runs from June 12, 2026 to September 4, 2026; the latest estimate is higher than the first point. Points before August 20, 2026 are labeled modeled reconstructions: today's reviewed ownership records applied to the closing prices of each earlier market date. Published history begins August 20, 2026 and grows one point per completed market date.
| Estimate date | Central estimate | Basis |
|---|---|---|
| 11.5 billion US dollars | Published snapshot | |
| 11.6 billion US dollars | Published snapshot | |
| 11.3 billion US dollars | Published snapshot | |
| 11.1 billion US dollars | Published snapshot | |
| 11.7 billion US dollars | Published snapshot | |
| 11.7 billion US dollars | Published snapshot | |
| 11.6 billion US dollars | Modeled reconstruction | |
| 11.6 billion US dollars | Modeled reconstruction | |
| 11.8 billion US dollars | Modeled reconstruction | |
| 12.2 billion US dollars | Modeled reconstruction | |
| 12.6 billion US dollars | Modeled reconstruction | |
| 11.9 billion US dollars | Modeled reconstruction | |
| 12.1 billion US dollars | Modeled reconstruction | |
| 12.3 billion US dollars | Modeled reconstruction | |
| 12.0 billion US dollars | Modeled reconstruction | |
| 11.7 billion US dollars | Modeled reconstruction | |
| 11.4 billion US dollars | Modeled reconstruction | |
| 9.8 billion US dollars | Modeled reconstruction | |
| 9.3 billion US dollars | Modeled reconstruction | |
| 9.7 billion US dollars | Modeled reconstruction | |
| 10.2 billion US dollars | Modeled reconstruction | |
| 10.3 billion US dollars | Modeled reconstruction | |
| 10.1 billion US dollars | Modeled reconstruction | |
| 9.0 billion US dollars | Modeled reconstruction | |
| 8.9 billion US dollars | Modeled reconstruction | |
| 9.9 billion US dollars | Modeled reconstruction | |
| 9.8 billion US dollars | Modeled reconstruction | |
| 9.9 billion US dollars | Modeled reconstruction | |
| 9.8 billion US dollars | Modeled reconstruction | |
| 10.0 billion US dollars | Modeled reconstruction | |
| 9.9 billion US dollars | Modeled reconstruction | |
| 9.7 billion US dollars | Modeled reconstruction | |
| 9.8 billion US dollars | Modeled reconstruction | |
| 9.5 billion US dollars | Modeled reconstruction | |
| 9.7 billion US dollars | Modeled reconstruction | |
| 9.5 billion US dollars | Modeled reconstruction | |
| 9.5 billion US dollars | Modeled reconstruction | |
| 9.6 billion US dollars | Modeled reconstruction | |
| 9.1 billion US dollars | Modeled reconstruction | |
| 9.1 billion US dollars | Modeled reconstruction | |
| 9.3 billion US dollars | Modeled reconstruction | |
| 8.9 billion US dollars | Modeled reconstruction | |
| 9.1 billion US dollars | Modeled reconstruction | |
| 8.5 billion US dollars | Modeled reconstruction | |
| 8.6 billion US dollars | Modeled reconstruction | |
| 8.6 billion US dollars | Modeled reconstruction | |
| 8.6 billion US dollars | Modeled reconstruction | |
| 9.0 billion US dollars | Modeled reconstruction | |
| 8.9 billion US dollars | Modeled reconstruction | |
| 8.6 billion US dollars | Modeled reconstruction |
On paper, Tobi Lutke's estimated net worth is equivalent to about 10,500,000 iPhone 17 Pros.
Reference value $1,099, effective 2025-09-09. Apple Newsroom
Uses Apple's announced US starting price for the iPhone 17 Pro before taxes, carrier plans, and storage upgrades.
On paper, Tobi Lutke's estimated net worth is equivalent to about 176,000 years of median full-time US pay.
Reference value $65,416, effective 2026-06-30. U.S. Bureau of Labor Statistics
Uses the BLS median usual weekly earnings of full-time wage and salary workers for the second quarter of 2026 ($1,258, seasonally adjusted) multiplied by 52 weeks, before taxes.
Split evenly across every person on Earth, the estimate works out to about $1 per person.
Cited population 8,200,000,000, effective 2024-07-01. United Nations Department of Economic and Social Affairs, Population Division
Divides the estimate evenly across the United Nations 2024 world population estimate of 8.2 billion. Arithmetic only.
These three comparisons are stable for this profile.Browse the full perspective catalog orcompare Tobi Lutke with someone else.
Share counts come from Shopify's April 29, 2026 Form 10-K/A (77,750,132 Class B and 1,548,000 entity-held Class A shares as of April 21, 2026). Options and restricted stock units exercisable within 60 days are excluded. The founder share has voting rights only and no economic value in this model.
Identity facts stored separately for this profile: citizenship Canada; residence Canada; ranking attribution Canada. Attribution reason: Canadian citizen resident in Ottawa; Shopify is headquartered in Ottawa and its Nasdaq listing sits alongside the Toronto listing.
Reviewed by Net Worth Leader editorial desk on August 20, 2026. General rules live in the methodology.
See something wrong? Report a correction. Evidence is evaluated on its merits, not on who submits it.
