Travis Kalanick Walking Away With $1.4 Billion as Uber's Deal With SoftBank Closes - NBC 10 Philadelphia
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Travis Kalanick Walking Away With $1.4 Billion as Uber's Deal With SoftBank Closes

Kalanick's estimated fortune is $4.74 billion, according to Bloomberg

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    Travis Kalanick Walking Away With $1.4 Billion as Uber's Deal With SoftBank Closes
    Getty Images for Vanity Fair, File
    Travis Kalanick, speaks during "The Übermensch" at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on Oct. 19, 2016, in San Francisco

    SoftBank completed its long-awaited investment agreement with Uber on Thursday, making SoftBank the company's largest shareholder and providing a huge payday for co-founder Travis Kalanick and other early backers, CNBC reported.

    "We're proud to have SoftBank, Dragoneer and the entire consortium in the Uber family. This is a great outcome for our shareholders, employees and customers," an Uber spokesperson said in a statement.

    Kalanick, who was ousted as CEO last year after high-profile problems, will get $1.4 billion from the deal, a source familiar with the arrangement has told CNBC.

    His estimated fortune is $4.74 billion, according to Bloomberg.

    Uber CEO to Take Leave as Board Adopts Sweeping Reforms

    [NATL-BAY] Uber CEO to Take Leave as Board Adopts Sweeping Reforms

    Uber CEO Travis Kalanick will take a leave of absence for an unspecified period and let his leadership team run the troubled ride-hailing company while he's gone. Mark Matthews reports.

    (Published Wednesday, June 21, 2017)