Keith Grossman is a prominent executive known for his work in the media and cryptocurrency sectors. As of 2024, Keith Grossman has an estimated net worth of at least $15.1 million. He is currently the President of Enterprise at MoonPay, a company that offers crypto payment solutions. Grossman’s journey from traditional media to the dynamic world of Web3 is a story of adaptation, innovation, and success.
Key Insights
- Media to Web3 Leader: Transitioned from traditional media roles at Wired, Bloomberg, and Time to becoming a key figure in Web3 and blockchain technology.
- NFT Pioneer: Spearheaded Time magazine’s entry into NFTs, launching TIMEPieces, which earned over $10 million.
- MoonPay Role: As President of Enterprise at MoonPay, focuses on expanding Web3 opportunities and partnerships.
- Philanthropy through NFTs: Raised $200,000 for New York Cares using NFT sales, merging digital art with social causes.
- Strategic Collaborations: Works with celebrities and major brands to promote NFT adoption and digital assets.
- Financial Acumen: Estimated net worth of $15.1 million as of 2024, boosted by strategic roles and stock trades.
- Blockchain Advocate: Strong proponent of blockchain’s potential to reshape industries beyond just marketing.
Earnings and Net Worth
As of June 2024, Keith Grossman’s estimated net worth is at least $15.1 million. This figure includes his earnings from various leadership roles in media and technology, as well as his stock holdings and trades. Grossman owns over 69,303 units of Nevro Corp stock, valued at around $534,435, and has sold NVRO stock worth over $715,648 in recent years. His role as Chairman of the Board, President, and CEO at Nevro Corp has been a significant source of his income, contributing to his estimated annual earnings of $13,877,700.
Grossman has been actively trading Nevro Corp stocks since 2005, with 16 documented trades over the years. His largest transaction to date involved exercising 69,303 units of Nevro Corp stock, worth over $76,926, in June 2024.
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Biography
Born into a middle-class family, Keith Grossman pursued his education at Cornell University, which laid the foundation for his career in media and technology. He gained significant experience working in senior roles at reputable organizations like Wired, Bloomberg, Engine, and Time magazine. His journey in the media sector is marked by his ability to lead organizations through periods of digital transformation and innovation.
At Bloomberg, Grossman played a key role in launching the video news service TicToc (later renamed QuickTake), which won numerous awards. During his time at Time magazine, Grossman became deeply interested in blockchain technology and its potential to reshape media. He is widely credited for initiating Time’s NFT business, which generated over $10 million in profit.
Transition to Web3
Keith Grossman’s interest in the digital future took a pivotal turn during his tenure at Time magazine. He became a strong advocate for blockchain technology, nonfungible tokens (NFTs), and cryptocurrencies. Grossman was instrumental in launching the TIMEPieces NFT collection, which featured magazine covers, historical moments, and artworks. His efforts helped build Time’s Web3 strategy, focusing on NFT collections and expanding into the Web3 entertainment sector through partnerships and collaborations.
In 2022, Grossman advised National Geographic on its entry into the Web3 world, helping the brand launch a collection of 1,888 NFTs to celebrate its rich 135-year history. He also played a significant role in raising $200,000 for the nonprofit organization New York Cares through the sale of AI-generated NFT artworks. His passion for both technology and philanthropy is evident in these initiatives.
Role at MoonPay
Keith Grossman’s move to MoonPay in late 2022 marked his formal entry into the cryptocurrency payments industry. As President of Enterprise at MoonPay, Grossman focuses on expanding the company’s reach in the Web3 space. MoonPay provides an on-ramp to digital assets like Bitcoin and NFTs, offering easy access for consumers and businesses alike.
With Grossman at the helm, MoonPay aims to strengthen its crypto payment infrastructure and broaden its partnerships with prominent brands. His experience at Time, coupled with his deep understanding of digital assets, is expected to help MoonPay enhance its NFT-related revenues and establish deeper collaborations with celebrities and brands such as Snoop Dogg, Justin Bieber, Paris Hilton, and Dolce & Gabbana.
Keith Grossman’s Life Timeline
- 1970s/1980s: Born into a middle-class family. Completed education at Cornell University.
- 2000s: Began his career in media, holding various leadership roles.
- 2005: Started trading stocks, including Nevro Corp, and continued trading for over 16 years.
- 2010s: Held senior positions at Wired, Bloomberg, and Engine. At Bloomberg, he launched TicToc, an award-winning video news service.
- 2018: Became a board member of New York Cares, showing his commitment to humanitarian causes.
- 2019: Joined Time magazine and began exploring blockchain and NFT technologies.
- 2021: Led the launch of TIMEPieces NFT collection, generating over $10 million in profit for Time magazine.
- 2022: Helped develop Time’s Web3 strategy and advised National Geographic on its NFT launch. Raised $200,000 for New York Cares through NFT sales.
- December 2022: Announced his move to MoonPay as President of Enterprise, focusing on expanding the company’s Web3 and NFT strategies.
- 2023: Focused on leveraging MoonPay’s capabilities to build partnerships and drive growth in the crypto payments sector.
- 2024: Keith Grossman’s estimated net worth reached at least $15.1 million, reflecting his success across media and cryptocurrency sectors.
Conclusion
Keith Grossman’s journey from media executive to a leading figure in the Web3 space demonstrates his ability to adapt and thrive in rapidly changing industries. With his current role at MoonPay and his past successes at Time magazine and other media companies, Grossman continues to influence the digital and crypto landscapes. His estimated net worth of $15.1 million reflects his success, not just in terms of financial gains but also in his impact on the evolving world of Web3 and cryptocurrency.
