Tech Mogul Bob Lee Has Died — What Was His Net Worth?

The world of tech has constantly demanded that introductions of new products or services for the digital age align with the needs of the people. Cash App and former CTO of Square Bob Lee successfully integrated new ways for money to be transferred instantly between parties, removing any hassle of going through banks or other third-party means.

Although Lee has passed away, but his impact on the tech industry lives on. What is Bob Lee's net worth and how much are his apps worth?

PayPal may have broken the boundaries of how money is transferred and how digital reimbursements have now shaped the way that payments are made, but the pioneer in payment apps was only the beginning. There was a demand for more accessible, easy-to-use money transfer apps that didn't require direct links to bank accounts, or didn't demand unnecessary amounts of personal information from users who chose to pay via smartphone. In addition to Venmo, Cash App and Square have taken the lead.

With 51 million monthly active users in 2022, Cash App earned a gross profit of $2.95 billion. The app has remained to be incredibly successful and popularly used in 2023, and its relevance shows no signs of slowing down anytime soon. Square Inc, or Block, brought in a profit of $166.3 million in 2022, according to Forbes. Because it's still early in 2023, the estimate of what either money-orientated app may be worth by the year's end is still up for speculation by financial experts.

Following a fatal stabbing in downtown San Francisco, on the 300 block of Main Street in the Rincon Hill neighborhood, the person attacked was identified as tech mogul Bob Lee. Per ABC News, "The San Francisco Police Department said officers responded to a report of a stabbing at around 2:35 a.m. Tuesday. They found a 43-year-old man with apparent stab wounds, police said."

Lee was then taken to the hospital in critical condition where he later died. The initial police report did not mention Lee by name.

Lee was the CPO of MobileCoin prior to his passing. The company said, "Our dear friend and colleague, Bob Lee passed away yesterday at the age of 43, survived by a loving family and collection of close friends and collaborators."

The news has come as a great shock to those who knew Lee personally, and to those who were connected to his industry. Sentiments over Lee's passing have been shared by mourners across social media, primarily Twitter, as friends, family, and colleagues remember him in the wake of the news.

While Lee’s killer hadn't been identified at the time of his death, a breakthrough in the case came on April 13. During a news conference, San Francisco Police Department Chief William Scott announced that 38-year-old Nima Momeni had been arrested in connection with Lee’s death. Momeni and Lee reportedly knew each other.

According to his LinkedIn bio, Momeni owns Expand IT, Inc., a company founded in April 2010. He also worked as a consultant for Diablo IT. Momeni was reportedly charged with murder and is being held without bail, although the investigation isn't complete yet. An arraignment was scheduled for April 14.

The fatal stabbing increases the number of homicides in San Francisco in 2023.