Spotify is one of the world’s biggest music streaming platforms, with millions of songs and podcasts available. But have you ever wondered who owns Spotify? Let’s dive into the details!

Who Created Spotify?

Spotify was founded in 2006 by:
Daniel Ek – A Swedish entrepreneur and tech expert.
Martin Lorentzon – A businessman and co-founder of TradeDoubler.

They wanted to create a legal music streaming platform to fight music piracy and give users access to unlimited songs online.

Who Owns Spotify Now?

Spotify is an independent company.
It is not owned by any big tech company like Google, Apple, or Amazon.
However, Spotify is a public company listed on the New York Stock Exchange (NYSE) under the ticker symbol SPOT.

Major Shareholders of Spotify

Since Spotify is publicly traded, multiple investors own shares in the company. The biggest shareholders include:

Daniel Ek – Co-founder & CEO (owns around 7% of shares)
Martin Lorentzon – Co-founder & board member (owns around 10%)
Institutional Investors – Companies like Vanguard, BlackRock, and Baillie Gifford own large stakes.

Even though Daniel Ek and Martin Lorentzon don’t own a majority of shares, they still control Spotify’s decisions through their voting rights.

How Does Spotify Make Money?

Spotify Premium – Paid subscriptions with ad-free listening.
Spotify Ads – Free users hear ads that generate revenue.
Podcast Partnerships – Exclusive deals with creators.
Spotify for Artists – Monetization tools for musicians.

Spotify makes billions of dollars per year, with most of its revenue coming from Spotify Premium subscribers.

Is Spotify Owned by Google or Apple?

No, Spotify is not owned by Google, Apple, or any other big tech company.
It remains independent and competes with Apple Music, YouTube Music, and Amazon Music.