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He is the CEO and co-founder of Whats App (with Brian Acton), a mobile messaging application which was acquired by Facebook Inc. In 2014, he entered the Forbes list of the 400 richest Americans at position 62, with an estimated worth of more than seven and half billion dollars.

He was the highest-ranked newcomer to the list that year.

Those close to him attribute that focus to his upbringing in Ukraine and fears about something many Americans may now worry about: government surveillance.

When Koum came to the United States as a 16-year-old, he was living on food stamps and looking for an easy way to communicate with his family back home, according to Jim Goetz, a venture capitalist at Sequoia Capital, a firm that invested in Whats App.

That historical footnote must surely enhance Mr Koum’s satisfaction at selling his creation to Facebook The deal is for bn in cash and bn in Facebook shares, as well as an additional bn in restricted stock units that will vest over the next four years.

Forbes reports that Mr Koum owns 45 per cent of Whats App, meaning he is now worth about .8bn.

Facebook is sometimes thought to have overstepped users’ expectations — and sometimes even government guidelines — on both points.

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It is possible the pair met shortly before Whats App’s creation in 2009, when Mr Koum and his company’s co-founder Brian Acton both applied for jobs at Facebook – and were rejected.His parents – a construction worker and a housewife – feared talking on the phone in case it was being tapped by the Soviet government.“Society was extremely closed off,” Mr Koum recently told Wired.Koum's eastern European background was key to Whats App's creation, according to Jim Goetz, the partner at Sequoia Capital who backed the company.Unlike companies such as Google and Facebook, which try to learn as much as possible about each user, Whats App does not collect personal information such as name, gender, or age, Goetz wrote in a blog post, and messages are deleted from servers once delivered.




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