Digging up Kevin Rose's net worth
How much money has Digg cofounder Kevin Rose made? If you believe BusinessWeek's cover, he's made $60 million. But Techdirt ain't buying it. And BusinessWeek rapidly cops to the cover line being pure fiction: "So far, Digg is breaking even on an estimated $3 million annually in revenues."

In other words, Rose has made actually zip, zero, nada. To Techdirt's frustration, BW doesn't offer many more clues in the piece as to how it arrived at the $60 million figure, citing "people in the know." Techdirt guesses that BW must be referring to the notional value of Rose's shares in the business, which BW's sources estimate is valued at $200 million. But of course, those shares aren't worth anything until Rose sells -- and he's said time and again that he doesn't want to sell Digg.
Posted by Owen Thomas 10:19 AM 3 Comments comment | Add a Comment

This is incredibly irresponsible journalism on the part of BusinessWeek, in fact I can't even call it journalism because it's the most blatant lie I've ever seen in a business magazine in my entire life.

He owns 30% of Digg. Digg's estimated "pulled out of my a**" worth is $200 million. He has MADE $60 million? Just incredible, I'm disgusted.
Posted By Mike Rundle Raleigh, NC : 12:36 PM  

Using that logic, Bill Gates isn't worth anything until he sells his stock, too.
Posted By John, Menomonee Falls, WI : 1:34 PM  

Bottom line though, Rose is sitting on a goldmine. Chances are good he will profit handsomely in some way. This doesn't diminish the fact that digg.com is still a cool way to read up to the minute stories that other people agree are cool.
Posted By Adam, Langlois, Oregon : 1:05 PM  

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.