Tobi Lutke
E-commerce · Toronto, Ontario
Net worth
$13.0B
Today
+$244M+1.92%Past month
−$2.4B−15.45%As of Nov 11, 2026, 1:50 PM EST
Tobi Lutke is the cofounder and CEO of Shopify, a Canadian e-commerce firm that helps companies set up and run online stores. He owns about 6% of Shopify, which went public in 2015. Shopify generated nearly $9 billion in 2024 revenue; it is used by some two million businesses, including Kylie Cosmetics, Allbirds and Gymshark. Lutke grew up in Germany, where he learned to code by age 12 and left school at 16 to enter a computer programming apprenticeship. He began developing the e-commerce platform after he and a friend tried to open an online snowboard shop but couldn't find decent software.
Net worth over time
Principal holdings
3 positions| Company | Industry | Share | Value |
|---|---|---|---|
Shopify NASDAQ: SHOP | Technology | 90.3% | $11.7B |
Private and other holdings | Technology | 9.5% | $1.2B |
Coinbase Global NASDAQ: COIN | Technology | 0.2% | $29M |
Also known for
- Lutke has said most Shopify employees will continue to work remotely after the pandemic is over.
- He moved to Canada in 2003 after meeting his now-wife, an Ottawa native, on a snowboarding trip to Whistler.
“Amazon is trying to build an empire. Shopify is trying to arm the rebels.”