The design software revolution reached its crescendo on July 31, 2025, when Figma’s blockbuster IPO transformed a dozen key personalities into Figma IPO billionaires overnight. The company’s stock price tripled from its $33 IPO price to close at $115.50, creating one of the most spectacular wealth-generation events in recent tech history.
What makes this wealth windfall particularly fascinating isn’t just the astronomical numbers, but the diverse cast of characters who struck gold. From the 33-year-old college dropout CEO to the veteran CFO who joined just eight years ago, the Figma IPO billionaires tell a compelling story about timing, conviction, and the power of staying independent.
The Billionaire Founders Club
| Name/Entity | Earnings | Key Details |
|---|---|---|
| Dylan Field (CEO/Co-founder) | $6.3 billion (stake value) | 11% stake, plus $78 million from shares sold at IPO |
| Evan Wallace (Co-founder) | $3.1 billion (stake value) | Co-founder since 2012, multi-billion dollar windfall |
| Index Ventures (Danny Rimer, Partner) | $7.2 billion (stake value) | Largest institutional stake, Danny Rimer on board since 2013 |
| Greylock Partners | $6.7 billion (stake value) | Major VC backer, sold $101 million worth of shares at IPO |
| Sequoia Capital | $3.8 billion (stake value) | Prestigious Silicon Valley VC, retains under 7% stake |
| Kleiner Perkins (Mamoon Hamid, Partner) | $6 billion (stake value) | Early growth investor, Mamoon Hamid on board since 2017 |
| Praveer Melwani (CFO) | $171 million (stake value) | 0.3% stake, joined 2017, became CFO in 2022 |
| Shaunt Voskanian (Chief Revenue Officer) | $136 million (stake value) | 0.2% stake, CRO since 2021, sold $3 million at IPO |
| Lynn Vojvodich Radakovich (Board Director) | $73 million (stake value) | 0.1% stake, former Salesforce CMO, joined board in 2019 |
| Mike Krieger (Board Director/Angel Investor) | $15 million (stake value) | Instagram co-founder, joined board August 2025 |
| Kelly Kramer (Board Director) | $6.5 million (stake value) | Former Cisco CFO, joined board in 2021 |
| Terrence Rohan (Otherwise Fund) | Hundreds of millions | Led $3.87 million seed round in 2013, first board director |
Dylan Field, Figma’s co-founder and CEO, emerged as the biggest winner from the public offering and leads the ranks of Figma IPO billionaires. His 11% stake in the company is now worth approximately $6.3 billion, catapulting him toward the ranks of the world’s 500 wealthiest individuals. But Field’s payday could grow even larger. His performance-based compensation package includes restricted stock units that could unlock another $1.9 billion if Figma’s share price hits $130 within the next decade.
Field sold 2.35 million shares during the IPO itself, pocketing roughly $78 million in immediate cash while retaining the vast majority of his holdings. Perhaps most remarkably, the IPO structure allows Field to control voting rights for co-founder Evan Wallace’s shares, giving him approximately 74% of the company’s total voting power despite owning just 11% of the equity.
Evan Wallace, Field’s co-founder and fellow Brown University alumnus, crossed the billion-dollar threshold with a stake valued at $3.1 billion. Wallace’s fortune represents one of the most dramatic wealth creation stories among all Figma IPO billionaires, transforming a computer science student’s collaboration on a design tool into a multi-billion-dollar windfall. The two founders met at Brown University, where they developed the initial concepts that would eventually become Figma’s revolutionary browser-based design platform.
The Executive Suite Payoff
Beyond the founders, Figma’s executive team captured substantial wealth from the public debut. Praveer Melwani, who joined Figma in 2017 and became chief financial officer in 2022, now sits on a fortune worth approximately $171 million. Melwani’s strategic timing proved impeccable. His 0.3% stake in the company generated massive returns, while he also sold 47,500 shares during the IPO for an immediate $1.6 million payday.
Shaunt Voskanian, Figma’s chief revenue officer since 2021, owns roughly 0.2% of the company, translating to a stake worth about $136 million. Voskanian capitalized on the IPO moment by selling 90,000 shares for approximately $3 million, securing immediate liquidity while retaining his substantial equity position.
The executive wealth creation extends beyond these headline figures. Multiple other Figma executives and early employees hold equity positions that have generated eight-figure fortunes, though specific details about their holdings remain largely private. The company’s equity distribution philosophy clearly rewarded key contributors who joined during various growth phases.
Venture Capital’s Golden Harvest
The venture capital firms that backed Figma’s journey reaped extraordinary returns that will define their portfolio performance for years to come. Index Ventures, led by partner Danny Rimer, holds the largest institutional stake worth approximately $7.2 billion. Rimer, who joined Figma’s board after the firm’s 2013 seed investment, described the failed Adobe acquisition as bringing “intense pressure” that ultimately strengthened the company’s resolve.
Greylock Partners secured a stake worth about $6.7 billion after selling roughly 3.1 million shares during the IPO for $101 million. The firm’s patient capital approach and strategic guidance helped Figma navigate competitive challenges and scale internationally without premature monetization pressure.
Sequoia Capital, one of Silicon Valley’s most prestigious venture firms, owns just under 7% of Figma following the IPO. The firm sold 1.7 million shares for $56 million while retaining a remaining stake worth around $3.8 billion. Sequoia’s investment thesis on collaborative design tools proved prescient as remote work trends accelerated Figma’s adoption across enterprises.
Kleiner Perkins‘ investment strategy also paid handsome dividends among the broader group of Figma IPO billionaires. Partner Mamoon Hamid noted that the regulatory pressure from the failed Adobe deal ultimately motivated the team to develop new products relentlessly, strengthening Figma’s competitive position.
The Early Believer’s Vindication
Perhaps no individual better embodies the risk-reward dynamics of venture investing than Terrence Rohan, managing director of the Otherwise Fund and Figma’s first board director. Rohan led Index Ventures’ $3.87 million seed funding round in 2013, recognizing the founders’ vision despite market skepticism about the viability of browser-based design tools.
Rohan’s early conviction faced substantial doubt from industry observers who questioned whether the market was large enough, whether competition from Adobe was too fierce, and whether profit margins could be sustained. His ability to see beyond these surface-level concerns and focus on the founders’ exceptional vision generated returns that validate his investment philosophy and secure his place among the Figma IPO billionaires ecosystem.
The seed-stage investors who backed Figma before product-market fit was clear now sit on positions worth hundreds of millions of dollars. These early believers provided not just capital but strategic guidance that helped Figma navigate the treacherous journey from startup to public company.
The Board Director Bonanza
Beyond executives and investors, Figma’s board directors also captured meaningful wealth from the public debut. Lynn Vojvodich Radakovich, who joined as an independent board director in 2019, owns approximately 0.1% of the company worth $73 million. Her timing proved exceptional – she joined following a distinguished career as Salesforce’s chief marketing officer and as a former partner at Andreessen Horowitz, bringing valuable enterprise software expertise during Figma’s scaling phase.
Kelly Kramer, former Cisco CFO who joined Figma’s board in 2021, holds about 0.01% of the company valued at $6.5 million. Her finance and management expertise proved valuable as Figma prepared for its eventual public offering. Mike Krieger, the Instagram co-founder who became Anthropic’s chief product officer, joined Figma’s board just weeks before the IPO in August 2025. His early angel investment and 0.03% stake is now worth approximately $15 million.
The Adobe Windfall Effect
The failed Adobe acquisition attempt created an unexpected wealth multiplier for all Figma stakeholders . When regulators blocked Adobe’s $20 billion acquisition in January 2024, Adobe paid Figma a $1 billion termination fee. This cash infusion strengthened Figma’s balance sheet and provided runway for independent growth.
Field’s decision to reduce Figma’s internal valuation to $10 billion and offer voluntary severance packages demonstrated leadership maturity that preserved team cohesion. Only 4% of employees accepted the buyout, indicating strong confidence in the company’s independent future. This strategic reset positioned Figma for the successful IPO that ultimately created more Figma IPO billionaires than the Adobe acquisition would have generated.
The regulatory intervention that killed the Adobe deal inadvertently created billions of dollars in additional wealth for Figma stakeholders. The public market valuation far exceeded what Adobe had offered, validating the decision to remain independent and pursue public markets.
Market Dynamics and Wealth Sustainability
Figma’s IPO wealth creation reflects broader trends in software company valuations and the return of tech IPO markets after a three-year drought. The company’s 132% net revenue retention rate and 91% gross margins place it among the top 5% of software companies globally, supporting premium valuation multiples that translate directly into stakeholder wealth.
However, the sustainability of these paper fortunes depends on Figma’s ability to execute against high market expectations. The stock’s 23% correction within days of the IPO debut, wiping $11 billion off the market cap, demonstrates the volatility inherent in these wealth positions. Most Figma IPO billionaires shares remain subject to 180-day lock-up periods, meaning the current valuations are largely theoretical until January 2026.
The Figma IPO wealth distribution illustrates how successful technology companies can create substantial value for diverse stakeholder groups. From founders who sacrificed college degrees to executives who joined during growth phases to venture capitalists who provided patient capital, the public offering rewarded various forms of contribution and risk-taking.
The design software market’s transformation from desktop-based tools to collaborative cloud platforms created the foundation for this wealth generation. Figma’s success demonstrates how identifying and exploiting structural industry flaws can generate extraordinary returns for those willing to challenge incumbent market leaders.
This wealth creation story will likely influence the next generation of entrepreneurs and investors, particularly in software categories where incumbents maintain strong market positions but face technological disruption opportunities. The Figma IPO billionaires experience proves that independence, properly executed, can generate superior returns compared to acquisition exits, even from technology giants offering substantial premiums.
