Who Owns Spotify?

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Written By Angelo Sorbello

Tech entrepreneur and passionate about business



Who owns Spotify?

This question arises when considering the global leader in music and podcast streaming, which has transformed the audio consumption landscape.

In this article, we will explore the ownership structure of Spotify, shedding light on the significant stakeholders. These include co-founder and CEO Daniel Ek, Martin Lorentzon, Baillie Gifford & Co, T. Rowe Price, and Tencent.

By understanding the ownership dynamics, we can gain insights into the platform's growth trajectory and its ability to cater to diverse user preferences.

Key Takeaways

  • Daniel Ek and Martin Lorentzon are the largest individual shareholders of Spotify, owning a combined 27.6% of the company.
  • Baillie Gifford & Co and T. Rowe Price are significant institutional shareholders, each holding around 14.5% and 8.3% of ordinary shares, respectively.
  • Tencent, a Chinese technology company, also holds a significant stake in Spotify with 8.6% of ordinary shares.
  • Spotify generates revenue through various streams including subscription fees, advertising revenue, licensing and partnership agreements, merchandise sales, and income from live events.

Daniel Ek's Ownership Stake

As of [current date], Daniel Ek owns a 16.5% stake in Spotify, making him one of the largest shareholders of the company. Daniel Ek's ownership stake in Spotify has played a significant role in the company's growth and success.

As the co-founder and CEO of Spotify, Ek has been instrumental in shaping the company's strategy and direction. His ownership stake gives him a strong influence on Spotify's decision-making process, allowing him to have a direct impact on key decisions related to product development, partnerships, and business expansion.

Ek's deep understanding of the music industry and his visionary leadership have been crucial in positioning Spotify as a global leader in music streaming. His ownership stake not only demonstrates his commitment to the company's success but also underscores his confidence in its future prospects.

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Martin Lorentzon's Ownership Stake

Martin Lorentzon holds an ownership stake in Spotify. Lorentzon, a Swedish entrepreneur and co-founder of Spotify, has played a significant role in the company's growth and success. With his background in technology and entrepreneurship, Lorentzon has been instrumental in shaping Spotify into one of the world's leading music streaming platforms. His ownership stake of 21,514,864 ordinary shares, equivalent to 11.1% of the company, reflects his commitment and belief in Spotify's potential. Lorentzon's strategic vision and leadership have contributed to Spotify's expansion and its ability to attract millions of users worldwide. As a key figure in the company, Lorentzon continues to shape Spotify's future and drive its growth in the competitive music streaming industry.

Owner Number of Ordinary Shares Ownership Stake
Daniel Ek 31,931,376 16.5%
Martin Lorentzon 21,514,864 11.1%
Baillie Gifford & Co 27,937,554 14.5%

Baillie Gifford & Co's Ownership Stake

Baillie Gifford & Co is an Edinburgh-based investment management firm known for its long-term investment strategy. They hold an ownership stake in Spotify, with 27,937,554 ordinary shares, accounting for 14.5% of the company. Baillie Gifford's investment strategy aligns with Spotify's long-term growth goals, as they focus on investing in companies with high growth potential.

Their ownership in Spotify has had a significant impact on the company's business model. Baillie Gifford's ownership stake provides Spotify with access to additional capital and expertise, enabling the company to expand its operations and invest in new technologies. Additionally, Baillie Gifford's involvement in Spotify adds credibility and attracts further investor interest.

T. Rowe Price's Ownership Stake

  1. Rowe Price holds an ownership stake in Spotify, with 16,102,881 ordinary shares, accounting for 8.3% of the company. This investment highlights T. Rowe Price's interest in the growth of the music streaming industry.

As one of the leading investment management firms, T. Rowe Price recognizes the potential of Spotify and its position in the market. The company's investment in Spotify reflects its confidence in the streaming platform's ability to generate returns and capitalize on the increasing demand for music streaming services.

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With the continuous growth of the music streaming industry, T. Rowe Price's stake in Spotify allows the firm to benefit from the success of the company and the expansion of the music streaming market.

Tencent's Ownership Stake

Continuing the discussion on ownership stakes in Spotify, another significant shareholder is Tencent, holding 16,631,969 ordinary shares, accounting for 8.6% of the company.

Tencent's investment in Spotify has played a crucial role in the growth of the music streaming platform, particularly in the Chinese market. Tencent is a Chinese multinational conglomerate with a strong presence in the technology and entertainment industries.

Through its partnership with Spotify, Tencent has helped expand the platform's user base in China, tapping into a market with a population of over 1.4 billion people. This collaboration has enabled Spotify to compete with local streaming services and leverage Tencent's expertise in the Chinese market.

Tencent's ownership stake in Spotify demonstrates its confidence in the platform's potential for further growth and success.

Frequently Asked Questions

How Did Daniel Ek Acquire His Ownership Stake in Spotify?

Daniel Ek acquired his ownership stake in Spotify through his initial co-founding of the company in 2006 and subsequent investments. As the CEO, his acquisition strategy involved securing shares and maintaining a significant ownership stake in the company.

What Is the Background and Role of Martin Lorentzon in Spotify?

Martin Lorentzon, a co-founder of Spotify, played a crucial role in the growth of the company. With his background in technology and entrepreneurship, Lorentzon contributed to the development of the music streaming service and its expansion into global markets.

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How Did Baillie Gifford & Co Become One of the Major Owners of Spotify?

Baillie Gifford & Co became one of the major owners of Spotify through their investment strategy. Their role in the growth of Spotify can be attributed to their significant ownership of ordinary shares, contributing to the company's overall success.

What Is the Significance of T. Rowe Price's Ownership Stake in Spotify?

  1. Rowe Price's ownership stake in Spotify is significant as an institutional investor. It showcases the confidence of the investment management firm in the company's potential and highlights the growing influence of institutional investors in the music streaming industry.

How Did Tencent, a Chinese Company, Acquire Its Ownership Stake in Spotify?

Tencent, a Chinese company, acquired its ownership stake in Spotify through a strategic investment. This highlights the increasing trend of Chinese investment in Western companies. Tencent's ownership has had a significant impact on Spotify's global expansion and market reach.


To summarize, Spotify's ownership is spread among various stakeholders, with the largest shareholders being Daniel Ek, Martin Lorentzon, Baillie Gifford & Co, T. Rowe Price, and Tencent. These individuals and companies have shown confidence in Spotify's growth and potential.

Through strategic partnerships with device manufacturers, car companies, record labels, artists, advertisers, and brands, Spotify has been able to reach a wide audience and provide seamless access to its extensive library.

Overall, Spotify's diverse ownership structure and key partnerships have contributed to its success in the music and podcast streaming industry.


One interesting statistic is that Spotify has over 345 million monthly active users globally, as of March 2021. This immense user base highlights the platform's popularity and widespread adoption among music and podcast enthusiasts around the world.

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