Music

Spotify has two types of ownership instruments: ordinary shares, which have economic value, and beneficiary certificates, which give voting rights but no economic value. Founders Daniel Ek and Martin Lorentzon continue to dominate ownership and voting power.

Oridnary shares: 
- Ek: 15.65%
- Lorentzon: 10.92%

Beneficiary certificates:
- Ek: 39.0% 
- Lorentzon: 61.0%

Total voting rights are calculated by combining both ordinary shares and beneficiary certificates. Despite owning fewer ordinary shares, Lorentzon has greater voting power because he holds more beneficiary certificates than Ek.

The final breakdown of voting rights:
Lorentzon: 42.7%
Ek: 30.5%

Spotify has two types of ownership instruments: ordinary shares, which have economic value, and beneficiary certificates, which give voting rights but no economic value. Founders Daniel Ek and Martin Lorentzon continue to dominate ownership and voting power.

Oridnary shares: 
- Ek: 15.65%
- Lorentzon: 10.92%

Beneficiary certificates:
- Ek: 39.0% 
- Lorentzon: 61.0%

Total voting rights are calculated by combining both ordinary shares and beneficiary certificates. Despite owning fewer ordinary shares, Lorentzon has greater voting power because he holds more beneficiary certificates than Ek.

The final breakdown of voting rights:
Lorentzon: 42.7%
Ek: 30.5%

https://www.musicbusinessworldwide.com/who-owns-spotify-in-2024

interesting that ek is the de facto face of the company.

writing at: https://paragraph.xyz/@thearcadia || curating vibes over at /football || bringing football onchain at /thefalsenine

I also couldn’t find many interviews with Martin on YouTube or the web. Maybe he prefers to stay out of the spotlight