Forbes estimated Adam Foroughi's net worth at about $2 billion after AppLovin's initial public offering on 15 April 2021.
In 2023 his total compensation from AppLovin was $83.4 million, which made him the eighth-highest-paid chief executive in the United States that year, according to Business Insider.
AppLovin was founded in 2012 by Foroughi, John Krystynak and Andrew Karam. It stayed out of sight until 2014, funded by $4 million from angel investors. KKR took a minority stake for $400 million in 2018. A $1.42 billion sale to Orient Hontai in 2016 was abandoned after US regulators objected.
The shares were sold at $70 on Nasdaq, valuing the company at about $24 billion. In 2025 AppLovin reported revenue of $5.48 billion, net income of $3.33 billion and operating income of $4.15 billion. It joined the S&P 500 in September 2025. Its market value was $119.62 billion on 6 November 2026, according to companiesmarketcap.com.