Andrew Wilkinson’s Net Worth: Inside the Mind of a Business Mogul

If you are unfamiliar with Andrew Wilkinson, allow me to provide an introduction. Wilkinson is the founding CEO of Tiny Capital, a long-term investment firm that focuses on acquiring majority or complete ownership of “profitable, straightforward, and often unexciting” internet enterprises.

A college dropout, Wilkinson has transformed his life into a multi-million-dollar success story and considers himself the tech industry’s equivalent of Warren Buffet. Residing in Victoria, BC, he embodies the innovative spirit typically associated with Silicon Valley.

As a CEO, he aims to finalize every sale, acquisition, and agreement within a mere 30 days. Wilkinson leads an empire that includes over 30 companies, collectively valued between C$600 million (approximately $471 million) and C$1 billion. In summary, he is an individual worth learning more about. Discover more through these ten intriguing facts about Andrew Wilkinson.

1. He pursued a degree in journalism

Wilkinson’s academic background is quite different from his current career trajectory. After completing his studies at Oak Bay High School in 2004, he secured a spot at Ryerson University to study journalism. It remains uncertain whether he ever intended to pursue a career in media. On the bright side, he possesses a fallback option should his investment endeavors falter, even though he did not complete his degree.

2. He established MetaLab immediately after graduating

In 2006, Wilkinson left Ryerson University and swiftly embarked on his entrepreneurial journey by founding MetaLab, a firm renowned for designing and developing some of the most popular web and mobile applications. The company saw rapid expansion; buoyed by this success, Wilkinson and his business partner Chris Sparling chose to reinvest their earnings into building a diverse portfolio of businesses, which eventually became the holding company Tiny Capital. In 2013, they transitioned from launching new ventures to acquiring existing ones, a strategy that yielded significant success.

3. He achieved success right away

While many college dropouts take time to establish themselves, Wilkinson was an exception. Within just two months of launching MetaLab, he was generating $30,000 in revenue. By the end of the first year, the company had amassed $250,000 with a profit margin exceeding 50%. Over the next few years, MetaLab’s profits doubled. Wilkinson recognized the value of his services and confidently charged premium rates. He recalls an instance when Uber approached him for website design but withdrew after he quoted $5,000, stating, “We were too expensive for them.”

4. He follows the principles of Warren Buffett

When Wilkinson began to feel overwhelmed by the pressures of managing multiple businesses, he sought the wisdom of Warren Buffett. He expressed his astonishment at how one of the wealthiest individuals in the world primarily focuses on hiring CEOs, incentivizing them, and allowing them to operate independently. Today, he manages Tiny in a manner akin to a technology-focused Berkshire Hathaway Inc. Following Buffett’s philosophy, he strives to finalize deals as swiftly and smoothly as possible, ideally within a 30-day timeframe. Business founders have assured a hands-off approach to ownership, distinctly different from the typical involvement of private equity investors.

5. He has expressed interest in bitcoin

Wilkinson may be considering a Bitcoin investment, although this is not confirmed. His only action to date has been a straightforward inquiry on Twitter, where he requested a summary—limited to three sentences—explaining the rationale for purchasing Bitcoin. Nevertheless, this has already sparked considerable speculation.

As noted by coindesk.com, the tweet prompted a significant number of responses, primarily aimed at persuading Wilkinson that Bitcoin represents the future of finance and serves as a superior alternative to gold. Given Wilkinson’s reputation for making swift decisions, the upcoming weeks are likely to provide valuable insights.

6. He is publicly traded

WeCommerce Holdings Ltd. has gone public on the TSX Venture Exchange. The company is predominantly owned by Tiny, holding an 80% stake, while millionaire investor Bill Ackman owns the remaining 20%. Ackman was drawn to invest in the company after developing a friendship with Wilkinson during a charity lunch auction.

7. He has sold only two businesses

Out of the more than twenty companies that Wilkinson has established, he has sold only two. This is not due to a reluctance to sell; rather, he finds the process of negotiating with private equity firms and hedge funds to be quite cumbersome. “There have been numerous occasions when I would have sold,” Wilkinson stated to hustle.co, “but they complicated the process too much.” He further remarked, “They always approached our business as if it were merely a spreadsheet.”

8. He describes his encounter with Steve Jobs as akin to meeting Jesus

After relocating from Vancouver to Victoria, British Columbia, during his teenage years, Wilkinson yearned to return to the bustling city. Instead, he discovered a different passion: a technology news website named On MacTeens.com, which he established with several high school friends.

On this platform, he and his fellow contributors provided news and reviews concerning Apple products. Wilkinson took on the task of negotiating advertising agreements, a role he approached with such seriousness that it nearly jeopardized his high school academic standing. However, he later reflected that the opportunity to interview Steve Jobs for ten minutes at an Apple event in New York made all the effort worthwhile. He remarked, “It was like meeting Jesus.”

9. He possesses over 70 businesses

Since the inception of Tiny nearly 15 years ago, Wilkinson has either founded, acquired, or invested in more than 70 companies. According to the company’s website, some notable entities within its portfolio include Dribble, a platform for designers to showcase their work; MetaLab, a product design firm; Creative Market, a marketplace for digital goods; Girlboss, a networking site for women; We Work Remotely, a job board for remote positions; Unicorn Hunt, a job board for startups; Castro, a podcast application; DoubleUp, a startup growth consultancy; RideHome, a TLDR podcast network; Websterpeace, a NoCode development agency; and Button, a software agency for government.

10. The majority of his wealth is derived from Tiny

While the exact amount of Wilkinson’s wealth remains unknown, the origins of his fortune are clear. In interviews with various media outlets, he has stated that 80% of his wealth is attributed to Tiny, with the remainder coming from real estate investments and stock holdings.

Conclusion for “David Bowie’s Net Worth”:

David Bowie’s net worth reflects not only his immense talent but also his savvy business decisions and lasting cultural impact. From his groundbreaking music career to his ventures in art and acting, Bowie built a legacy that continues to shine even after his passing. His wealth is a testament to his creative genius and the timeless appeal of his work, ensuring that the Starman’s light will never fade.

FAQs:

How did Andrew Wilson make his money?

Wilkinson achieved notable success in his early twenties with MetaLab, where he offered web design services that he had self-taught while employed at a café. He subsequently established Pixel Union, which provided themes and applications for Shopify Inc. e-commerce users, capitalizing on the expansion of what is now recognized as Canada’s most valuable technology firm.

What is the net worth of Wilkinson?

Regarding Jonny Wilkinson’s financial status, his net worth is estimated to be approximately £22 million. This financial achievement is unsurprising given his significant influence on the sport. However, his wealth is not solely derived from his athletic career.

Who is the Andrew Wilson tiny CEO?

Andrew Wilkinson is a co-founder of Tiny. Before launching Tiny, Mr. Wilkinson created MetaLab, a design agency that laid the groundwork for his ability to recognize companies with growth potential.