Who's Tobi Lütke? Meet the tech tycoon who draws $1 in salary and runs Canada's largest listed company

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Shopify\u0027s founder and chief executive is \u0027a true national gem,\u0027 one tech industry expert says

Tobi Lütke, the founder and chief executive of Shopify Inc., whose online tools and services help its users manage retail businesses, expected many BlackBerry castoffs to join his growing company, which then had just 300 employees — a number Lütke expected to double within a year.

The company’s stock has also hurtled upward, trading on the Toronto Stock Exchange for nearly $1,800 a share on Oct. 28, up from $55 in Dec 2016, although down from its 52-week high of $2,075. The company’s stock has rocketed 3,327 per cent over the past five years, and a relatively more subdued 28.9 per cent year-to-date. The company is now Canada’s largest listed company, with a market cap of $226.7 billion.Article contentAccording to Forbes, his net worth was US$12.5 billion as of Oct.

“In those startup days, every waking hour was ripe with problem solving, bursts of creativity, iteration, and more progress than any one of us could keep on top of alone.” Lütke was initially Shopify’s chief technology officer. He’s been CEO since 2008.

 

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