Mark Ghermezian Net Worth: Profile, Estimated Wealth & Sources

Mark Ghermezian's net worth as of August 2026 is estimated at approximately $60 million to $90 million, with medium confidence. The bulk of that figure traces directly to his founding stake in Braze, Inc. (formerly Appboy), the customer engagement platform that went public in November 2021 at a $65 per share IPO price, implying a company valuation of roughly $5. Braze completed its initial public offering on November 19, 2021, selling 7,500,000 shares of Class A common stock at $65.00 per share (800,000 of those shares were from the underwriters’ overallotment). 87 billion at the open. A 2019 SEC proxy filing from Zedge, Inc. disclosed that Mark personally owns 1% of Braze and holds a minority interest in a family trust that owns a further 17% of the company. His direct 1% stake alone was worth approximately $58.7 million at the IPO price. The wider range accounts for additional assets including his roles at Fourpost and T5 Capital Partners, incremental Zedge equity transactions, and standard post-IPO share price movement since 2021.

Quick net worth snapshot

The medium confidence rating reflects a genuine limit in the available public record. The direct 1% Braze ownership is solidly documented in a Zedge DEF 14A proxy statement filed with the SEC. The family trust figure is also documented, but the proxy states only that Mark owns a "minority interest" in the trust, not a specific percentage. Without that figure, I cannot responsibly attribute the full 17% trust stake to him. The net worth range above does not include any unverified portion of the trust holding.

Who is Mark Ghermezian, and what does this profile conclude?

Mark Ghermezian is an American technology entrepreneur best known as a co-founder of Braze, Inc., the publicly traded customer engagement and marketing automation platform. He co-founded the company in 2011 alongside Bill Magnuson and Jon Hyman when it operated under the name Appboy. He served as Executive Chairman until January 2018. Beyond Braze, he founded Fourpost, a retail concept business, and operates T5 Capital Partners, an investment vehicle focused on early-stage technology companies. He has also served as a board director of Zedge, Inc. since May 23, 2016, a role that introduced several intersecting related-party disclosures between Zedge and Braze.

This profile concludes that Ghermezian's wealth is primarily founder equity, concentrated in Braze. His personal 1% stake was worth roughly $58.7 million at the November 2021 IPO price. The additional family trust exposure, if his minority interest translates to even a 10–20% fractional share of the 17% trust holding, could add tens of millions more. Secondary contributions come from smaller realized equity sales in public companies and returns from T5 Capital Partners investments, both of which are documented in insider trading filings but individually modest. He is not a billionaire by the available evidence, but he is comfortably positioned in the high eight-figure range.

How this estimate was built: methodology and confidence

I used a standard equity-ownership valuation approach anchored entirely in SEC-filed documents. Here is the exact calculation chain so you can reproduce or challenge it.

1. Total shares outstanding at Braze IPO: Pulled from Braze's Form S-1 registration statement. Post-IPO, there were 8,000,000 shares of Class A common stock and 82,255,816 shares of Class B common stock outstanding, totaling 90,255,816 shares.
2. IPO price: $65.00 per share, as stated in Braze's S-1 prospectus and confirmed in the company's Form 10-K discussion of the November 19, 2021 IPO.
3. Implied market cap at IPO: 90,255,816 shares × $65.00 = approximately $5,866,628,040.
4. Ownership percentage applied: 1% personal ownership, sourced directly from the Zedge DEF 14A proxy statement filed October 24, 2019.
5. Implied stake value at IPO: 1% × $5,866,628,040 = approximately $58,666,280.
6. Post-IPO adjustment: Braze's share price has fluctuated significantly since November 2021 (peaking above $100 in early 2022, trading lower in the 2022–2023 correction, and recovering into the mid-range by 2025–2026). The range of $60M–$90M accounts for modest net appreciation versus the IPO anchor, potential partial share sales, and secondary asset contributions. No specific post-IPO insider sale data for Mark's Braze shares was located in public filings at the time of this research.
7. Family trust: The 17% trust holding was excluded from the primary estimate because the proxy says only that Mark holds a 'minority interest' in the trust. A minority interest could range from just over 0% to just under 50%. Attributing the full 17% without that denominator would materially overstate his wealth, so it is flagged as a potential upside factor rather than a confirmed asset.

The ownership percentage data point from the Zedge proxy is from 2019, predating the IPO by two years. It is possible his ownership was diluted through additional funding rounds before Braze went public, which would reduce the true 2021 figure below 1%. Conversely, pre-IPO rounds sometimes involved anti-dilution provisions for early founders. I treat 1% as the best available figure while noting that a modest downward adjustment (to perhaps 0.7–0.9%) is plausible. This is baked into the lower bound of the $60M–$90M range.

Evidence base: the documents behind this profile

Every material claim in this article is tied to one of the following source categories. I have not used anonymous estimates, celebrity wealth lists, or unverified tabloid reporting.

• Braze, Inc. Form S-1 registration statement (as amended), filed with the SEC prior to the November 19, 2021 IPO: used for total shares outstanding, IPO price, dual-class structure disclosure, and insider ownership concentration data.
• Braze, Inc. Annual Report on Form 10-K (filed post-IPO): used to confirm IPO date, share count, and offering price.
• Zedge, Inc. Definitive Proxy Statement (DEF 14A), filed October 24, 2019: the single most important document in this profile. It discloses Mark Ghermezian's 1% personal ownership of Braze, the 17% family trust holding in Braze, his biographical details (Fourpost, T5 Capital Partners), his Zedge board service since May 23, 2016, and related-party transactions between Zedge and Braze.
• SEC insider trading filings and financial news aggregators (Benzinga insider trades database, GuruFocus): used to document specific realized equity transactions, including a 2021 sale of 25,000 shares yielding $442,134.20 and a June 25, 2025 sale of 72,450 Zedge shares for approximately $292,698.
• Standard market capitalization methodology references (financial modeling resources): used to confirm the formula applied (market cap = total shares outstanding × price per share).

Notably absent from the public record: personal tax filings, private real estate holdings, bank accounts, detailed T5 Capital Partners portfolio values, or a current Braze insider ownership schedule showing post-IPO share dispositions by Mark specifically. These gaps are the primary reason the estimate carries medium rather than high confidence.

Career timeline and how the money was made

The founding of Appboy and growth into Braze

Mark Ghermezian co-founded Appboy in 2011. The company positioned itself as a mobile-first customer engagement platform at a time when brands were just beginning to grapple with push notifications, in-app messaging, and mobile CRM at scale. He served as Executive Chairman, a role focused on governance, investor relations, and strategic direction rather than day-to-day operations. The company rebranded as Braze to reflect its expanded scope beyond mobile. By the time of the IPO in November 2021, Braze had grown into a publicly listed enterprise software company serving major global brands. Mark stepped down from the Executive Chairman role in January 2018, roughly three years before the company went public.

Zedge board service (2016 to present)

Mark joined the Zedge, Inc. board of directors on May 23, 2016. Zedge is a publicly traded company listed on NYSE American that operates a content and app personalization platform. His board role created an intersection with Braze, since Zedge disclosed in its 2019 proxy that it had entered into a commercial relationship with Braze (related-party transactions are documented in that same DEF 14A). Director compensation at Zedge-sized companies typically includes a mix of cash retainers and equity grants, and his equity activity in Zedge shares is tracked in SEC insider filings. The June 2025 sale of 72,450 Zedge shares for roughly $292,698 was the most recently reported transaction at the time of this research.

Fourpost and T5 Capital Partners

The Zedge proxy also lists Mark as Founder and CEO of Fourpost, described as a retail concept business, and as Managing Partner of T5 Capital Partners, an investment vehicle focused on early-stage technology companies. These roles do not have attached public valuations or disclosed revenue figures, so their contribution to net worth cannot be precisely quantified. T5 Capital Partners, as an early-stage tech investor, likely holds a portfolio of illiquid startup equity stakes. Depending on the vintage and performance of those investments, this could add meaningfully to his overall wealth, but it could equally be modest given the inherent risk of seed and early-stage investing.

Documented career milestones

Major assets, liabilities, and notable transactions

The following itemization distinguishes between documented assets, inferred assets, and items that cannot be attributed without further evidence.

No public records of personal real estate holdings, margin loans, or significant liabilities were found at the time of this research. That absence does not confirm a debt-free balance sheet; it simply reflects the limits of publicly available information for a private individual whose wealth is primarily held in private and public equity rather than real property.

Ownership stakes, investments, and recurring revenue

Braze equity: the anchor asset

Braze operates under a dual-class share structure. Braze, Inc. Registration Statement on Form S‑1 (as amended), SEC (concentration of ownership / dual‑class disclosure) confirms that following the offering, holders of Class B common stock would hold approximately 91.1% of the outstanding capital stock and approximately 99.0% of the voting power Braze, Inc. Registration Statement on Form S‑1 (as amended) — SEC (concentration of ownership / dual‑class disclosure). As described in the S-1, holders of Class B common stock held approximately 91.1% of outstanding capital stock and approximately 99.0% of voting power following the IPO. This is typical of founder-controlled tech companies where Class B shares carry more votes per share than Class A. Mark's reported ownership likely sits within the Class B pool, meaning his shares carry outsized voting rights even if the economic value is proportional to the 1% stake. This structure is worth understanding because it means that even after partial sales, founder-class shareholders like Mark can retain significant governance influence at relatively low economic ownership levels.

T5 Capital Partners: early-stage tech investing

T5 Capital Partners is listed in the Zedge proxy as an investment vehicle focused on early-stage technology companies, with Mark serving as Managing Partner. Early-stage tech funds of this type typically invest in pre-seed to Series B companies. Portfolio values are unrealized until exits occur (acquisitions, IPOs, or secondary sales). Without a disclosed portfolio list or fund size, this is treated as a potentially significant but currently unquantifiable asset. It is a reasonable inference that someone with Braze's co-founder pedigree would attract deal flow and make meaningful allocations to this fund, but inference is not quantification.

Zedge: director equity and incremental trading

Mark's Zedge board tenure since 2016 has generated director equity compensation in addition to any cash retainer. The most recently documented transaction, a June 2025 sale of 72,450 shares for approximately $292,698, suggests he continues to hold and periodically liquidate Zedge equity. These amounts are individually small relative to the Braze stake but are fully documented in SEC filings and provide a reliable income stream from public-company director work.

Comparative context: other notable Marks in business and tech

Mark Ghermezian's profile sits in an interesting middle zone when compared to other notable people named Mark who are tracked on this site. His wealth is founder equity concentrated in a single public company, a pattern distinct from several other Marks whose wealth comes from broader portfolio activity, professional fees, or philanthropy-driven vehicles. For another relevant comparison, see mark geyer net worth.

Mark Gerson, for instance, is an entrepreneur and philanthropist whose wealth encompasses a wider range of business ventures and public service activities, with a profile built across decades in law, media, and philanthropy. Mark Gorton is notable for founding LimeWire but is more broadly known for running Tower Research Capital, a high-frequency trading firm, making his wealth profile substantially larger and more financial-markets-driven than Ghermezian's. Mark Gero is a sculptor and the son of jazz musician Stan Getz, representing a very different wealth context rooted in arts, family, and personal creative output rather than tech equity. Mark Geyer is a former Australian rugby league player whose wealth is primarily career-based in professional sports and media, a completely separate category from tech co-founder equity. Mark Grier served as Vice Chairman of Prudential Financial and built his wealth through decades of corporate finance leadership, making his trajectory institutional and executive rather than entrepreneurial.

What makes Ghermezian's profile distinctive is the concentration and specificity of the documented evidence: the Zedge SEC proxy gives a rare named-individual ownership disclosure in a public filing, which is more precise than the indirect inferences required for many similarly prominent figures. His wealth is also younger in terms of liquidity, with the Braze IPO happening only in 2021, meaning a significant portion of his net worth has been liquid for a relatively short time. That same concentration is a risk factor: if Braze's stock price were to decline sharply, his net worth would decline proportionally in a way that more diversified profiles would not.

What we still don't know

Transparency requires being direct about the gaps. The three most consequential unknowns in this profile are: (1) the exact fractional interest Mark holds in the family trust that owns 17% of Braze, which could add anywhere from a few million to tens of millions to his net worth; (2) whether he has sold any of his personal Braze shares since the IPO lock-up period expired, which would affect both the current value and the tax implications of his realized wealth; and (3) the current valuations and performance of T5 Capital Partners' portfolio companies. If and when additional SEC filings, earnings reports, or credible press coverage surface new data on any of these three points, this profile's estimate range would be updated accordingly.