Uber Technologies Inc (UBER +0.21%) was founded in 2009 by Travis Kalanick and Garrett Camp after the pair struggled to find transportation during a trip to Paris. Their idea was simple: use a smartphone app to connect riders with nearby drivers.
Since then, Uber has grown into a global platform operating in dozens of countries. The company doesn’t own vehicles or directly employ drivers. Instead, it earns revenue by taking a commission on rides, food delivery orders through Uber Eats, and logistics services through its freight business.
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Today, Uber is a publicly traded company, which means ownership is shared among millions of investors.
Who is the owner of Uber?
No single person owns Uber. Like most large public companies, the majority of shares are held by institutional investors such as mutual funds, pension funds, and asset managers.
Uber went public in May 2019, with its initial public offering (IPO) priced at $45 per share. The company raised $8.1 billion in its IPO, making it the largest U.S.-based tech IPO since Meta Platforms (META +0.47%)'s 2012 offering.
Individuals
- Turqi Alnowaiser: A prominent figure in the Saudi Arabian investment landscape and member of the board of directors at Uber. He also serves as the deputy governor and head of the international investments division at the Public Investment Fund (PIF), a sovereign wealth fund. Alnowaiser owns 72,843,048, comprising a 3.48% stake in shares outstanding.
- Dara Khosrowshahi: CEO of Uber, who has managed the company’s business in more than 70 countries around the world since 2017. Previously, he served as CEO of Expedia Group (EXPE -0.58%). Khosrowshahi owns over 2.3 million shares of Uber.
- Nikki Krishnamurthy: Nikki Krishnamurthy is senior vice president and chief people officer, leading Uber’s human resources, recruiting, workplace, and diversity, equity, and inclusion teams. Previously, Krishnamurthy served in various roles at Expedia, including chief people officer, vice president, and general manager of Expedia Local Expert. Krishnamurthy owns roughly 667,000 shares of Uber.
- Tony West: Senior vice president, chief legal officer, and corporate secretary at Uber, leading the company’s global legal, compliance and ethics, and security functions. He served in the Obama administration, leading the Justice Department's legal strategy, including as an associate attorney general of the United States from 2012 to 2014. Before joining Uber, West served as general counsel for PepsiCo (PEP +0.04%), overseeing their legal affairs. West owns roughly 1.6 million shares of Uber.
- Ronald Sugar: Chairman of the board. Sugar is the retired chairman of the board and CEO of Northrop Grumman Corporation (NOC +0.40%), a global aerospace and defense company. Sugar owns roughly 228,000 shares of Uber.
Institutional investors
As of early 2025, the following institutions are the top five largest holders of Uber shares:
- Vanguard Group: A registered investment advisor that manages a vast array of investment products, including mutual funds and exchange-traded funds (ETFs). It was founded in 1975 and is known for its unique investor-owned structure and a focus on long-term, low-cost investments. Vanguard serves individual investors, institutions, and financial professionals, offering a range of services from investment management and advice to retirement planning and more. The Vanguard Group owns 9.18% of Uber, equivalent to 190.83 million shares for a stake valued at $16.3 billion.
- BlackRock (BLK +0.22%): The world's largest global asset management company. It offers a range of investment solutions, including ETFs and advisory services. BlackRock manages a massive amount of assets (more than $11.5 trillion as of 2025) for a wide range of clients, including individuals, corporations, and pension funds. BlackRock controls 150.9 million shares of Uber, a 7.27% stake valued at $12.9 billion.
- Capital Research Global Investors: An investment management firm, a subsidiary of Capital Research and Management Company, which is a subsidiary of The Capital Group Companies. It specializes in managing equity assets for clients, including institutional investors, foundations, and individual investors. Capital Research Global Investors controls a 5.32% stake in Uber, or 110.5 million shares. That’s a stake worth about $9.47 billion.
- State Street (STT +1.16%): A global financial services company primarily serving institutional investors. It operates as a bank holding company with a focus on investment servicing, markets and financing, and investment management. The company also provides various asset management solutions for its clients. State Street Corporation controls 89.06 million shares of Uber, a stake worth 4.29%, valued at $7.69 billion.
- Morgan Stanley (MS +1.20%): A large, global financial services corporation offering a wide range of services, including wealth management, investment banking, sales & trading, research, and investment management. They help individuals, families, institutions, and governments raise, manage, and distribute capital. Morgan Stanley controls a 3.77% stake in Uber, or 78.39 million shares valued at about $6.7 billion.
Shareholder
An individual or entity that owns a portion of a company's stock, entitling them to a share of its profits and assets.
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About the Author
Rachel Warren is a contributing Motley Fool stock market analyst covering pharmaceuticals, biotechnology, medical devices, information technology, and consumer goods. Prior to The Motley Fool, Rachel was a paralegal and legal administrator. She holds a bachelor’s degree in paralegal studies from Liberty University School of Law.
Rachel Warren has positions in Apple. The Motley Fool has positions in and recommends Amgen, Apple, Chevron, Meta Platforms, and Uber Technologies. The Motley Fool recommends BlackRock, Flex, and Match Group. The Motley Fool has a disclosure policy.
