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The guy who either saved the music industry or killed it, stands to make billions this year / Money

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Depending on who you talk to, Spotify CEO Daniel Ek is either the guy who saved the music industry, or the one who killed it. Nearly a decade after the 34-year-old launched the hit streaming service, rumored to go public within the next few months, his future stands to be a valuable one. Private trades have bumped Spotify's valuation up to as much as $20 billion – if the IPO goes forward, Ek's stake will be worth $1.6 billion or more, according to Business Insider. In 2017, based on a reported 10% ownership in the company, Ek's net worth hovered around $800 million, according to Billboard. And Spotify's competitive edge will only get stronger. "As a public company, analysts predict that Spotify's lead will only grow stronger and will put pressure on Apple and Amazon to dig into their deep war chests," Fast Company writes.

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