Bob Lee Net Worth

Bob Lee net worth when he was alive was $10m. He was an American tech executive and founder of the popular cash app.

A massively talented and visionary ‘techpreneur, Bob Lee died in tragic circumstances earlier this year, stabbed to death by his friend Nima Momeni, allegedly due to a dispute they had over his sister, Khazar Momeni.

In this article, we take a look at Bob Lee net worth, life, career, biography, Cash App, wife etc.

Bob Lee Net worth

bob lee net worth san francisco

Bob Lee was a visionary American entrepreneur and software engineer who died with a net worth circa $10.

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Lee helped create Cash App, one of the most popular mobile payment services in the world. He also contributed to the development of Android, one of the two most popular operating systems for smartphones in the entire world!

So how did Bob Lee make his estimated net worth of $10 million? His wealth was largely derived from his success as the founder of Cash App, which had a net value of around $40 billion in 2020, according to Forbes.

Lee also owned shares in Square, which had a market capitalization of over $100 billion in 2022. 

Square is a financial services platform developed by Block, Inc. It is aimed at small and medium-sized businesses, allowing them to accept credit card payments and use phones or tablets as payment registers for a point-of-sale system.

Bob Lee also invested in MobileCoin – a peer-to-peer cryptocurrency developed by MobileCoin Inc., which was founded in 2017 by Josh Goldbard and Shane Glynn.

MobileCoin had a market capitalization of over $1 billion in 2023 which helped contribute significantly to Bob Lee net worth of $10m at the time of his death in 2023.

Early Life and Education

Bob Lee was born on December 20, 1979, in St. Louis, Missouri to his parents, Mr. and Mrs Lee. Bob had a brother named Tim Oliver Lee. 

He attended Lindbergh High School, where he started making a name for himself with his tech skills as he reportedly wrote a 3D rendering engine in Turbo Pascal.

During his High School days, Lee was known as “Crazy Bob” for his exuberant energy in playing water polo. 

After his early education, Bob Lee attended Southeast Missouri State University where he was pledged to the Sigma Chi fraternity.

A notable moment in Bob Lee’s early career occurred on August 7, 2001,  when he released a free program to defend Microsoft IIS servers from Code Red, a rapidly spreading computer worm. He also worked as a web developer for Southeast Missouri State University.

Bob Lee Cash App (Full career)

bob lee cash app

Now we get into the meat of how Bob Lee built his $10m net worth throughout his life, particularly his contributions to the development of Cash App.

After his education, Bob Lee’s career kicked off with a full-time job at Redrock Communications in 1997. He left after a year to pursue new challenges. 

He moved to Southeast Missouri State University in August 1998 as a web developer, but Lee was on the move again two years later. 

For the next 10 years, he worked tons of bit part jobs, working as a web developer for D’Arcy and a Senior Consultant for Capgemini, Ajilon Consulting and OCI. 

He dabbled in his own projects, consulting for Fivesight Technologies full-time and Plateau part-time, before working another year and two months at AT&T as a technical architect.

In October 2004, Lee joined Google as a staff software engineer. He helped develop the Android mobile operating system, which was launched in 2008 and became the most widely used smartphone platform in the world.

Lee co-authored the dependency injection framework Guice with Kevin Bourrillion in 2006 while at Google to modularize AdWords. Guice won the Jolt Award in 2008 for its excellence in software development. He also worked on Dalvik, an Android process virtual machine, and was part of the expert group for several Java proposals.

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In January 2010, Bob Lee was recruited by Square, an e-commerce company founded by former Twitter CEO Jack Dorsey. 

He became the company’s chief technology officer and led the development of the company’s Android app. He also took over the development of Square’s iOS app from co-founder Tristan O’Tierney after he died in 2019.

Bob Lee helped create Cash App, a mobile payment service that allows users to send and receive money, buy and sell stocks and cryptocurrencies, and get discounts at merchants. Cash App was launched in October 2013 as Square Cash and later rebranded as Cash App in 2017.

Cash App (formerly Square Cash) is a mobile payment service available in the United States and the United Kingdom that allows users to transfer money to one another (for a 1.5% fee for immediate transfer) using a mobile phone app. It might on its own be the most significant contributor to Bob Lee net worth.

Cash App became one of the most popular and profitable products of Square, competing with Venmo and PayPal. It had over 51 million monthly active users and generated $2.95 billion in gross profit in 2022. 

Cash App also became a cultural phenomenon, with hundreds of rap artists mentioning it in their songs. At the time of his death in 2023, major media outlets acknowledged Bob Lee as the founder of Cash App.

Despite the success of Cash App, Bob Lee was not destined to stay long at Square.

In 2018, Lee left Square to join MobileCoin, a cryptocurrency startup that aims to provide fast, secure, and private transactions. He became the chief product officer of MobileCoin and worked on developing Moby, a privacy-protected wallet for the 21st century.

MobileCoin is backed by Signal founder Moxie Marlinspike, who serves as an advisor to the project. MobileCoin also partnered with Signal to integrate its cryptocurrency into the encrypted messaging app.

MobileCoin raised $66 million in funding from investors such as Alameda Research, Coinbase Ventures, General Catalyst, Future Positive Capital, and Binance Labs.

Bob Lee also worked with the World Health Organization to develop an app during the COVID-19 pandemic.

Between all these high-paying jobs Bob Lee held with Cash App and others and investments in these companies, we get a firm idea of how he built his net worth of $10m.

Bob Lee wife

bob lee wife

Our article Bob Lee net worth now takes a look at Bob Lee wife.

Bob Lee married Krista Drake, who moved with him from St. Louis to San Francisco in 2011. They had two daughters, Scout and Dagny, before divorcing. The dates of their wedding and divorce are unclear.

Bob Lee with his daughters

Lee was described by his friends and colleagues as a brilliant, passionate, and generous person who loved his family and had a zest for life – a family man through and through.

After the death of his mother in 2019, his father moved to Mill Valley, California, to live with Bob Lee and his family. He later relocated to Miami with his father in October 2022.

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Death

On April 4, 2023, techpreneur Bob Lee who had a net worth of $10m was stabbed to death in the Rincon Hill neighborhood of San Francisco. He was in the city for a leadership summit and stayed for an extra day to catch up with friends.

According to authorities, Lee and Nima Momeni, a 38-year-old IT consultant from Emeryville, were in a white BMW shortly before the stabbing at around 2:30 a.m. They allegedly had an argument over Momeni’s sister, Khazar Elyassnia, who was acquainted with Lee.

Momeni reportedly questioned Lee about whether his sister was doing drugs or anything inappropriate with him. Lee denied any wrongdoing.

However, a recent article from the Wall Street Journal after his death claimed Cash App founder Bob Lee allegedly frequented underground s*x and drug parties for San Francisco’s elite with Khazar Momeni in tow.

bob lee and khazar momeni
Bob Lee and Khazar Momeni

The two were casually sleeping together during such parties, a source confirmed.

Nima Momeni reportedly stabbed Lee three times, piercing his heart and lung, according to an autopsy report. 

Lee stumbled out of the car and collapsed near the entrance of a high-rise building. He was taken to a hospital, where he died after nearly four hours of surgery.

Momeni fled the scene but was arrested nine days later by the San Francisco Police Department. He was charged with murder and is being held without bail. 

Nima Momeni

He pleaded not guilty to the charge and claimed it was an accident and self-defense.

The prosecution’s case relies heavily on a grainy security video that allegedly shows the fatal stabbing. 

Surveillance footage, reviewed by The San Francisco Standard, showed Lee tending to his injuries with one hand while holding his mobile phone with the other hand as he staggered down a desolate city street in the early hours of the morning. A trail of blood was left in his wake. 

The video also depicted Lee approaching a Toyota Camry with its hazard lights on and raising his shirt to reveal a stab wound to the driver. 

As Lee asked for help, the motorist sped away.

Moments later, Bob Lee fell to the ground, but he got back up and walked further down the road before collapsing again. 

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Using his cell phone, Lee called 911 and screamed, “Help! Someone stabbed me!” 

By the time San Francisco police arrived, Lee was already unconscious and later died at a local hospital.

The defense’s attorney said the video is inconclusive and that Momeni is not a flight risk or a danger to society.

The case has sparked debates over public safety in San Francisco, where violent crime has been on the rise. Many tech leaders, such as Elon Musk and Jack Dorsey, expressed their grief and outrage over Lee’s death.

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