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 Native New Yorker and founder of blogging site Tumblr, 26 Year old David Karp, has just made a lot of money and we mean a lot. In fact Karp has become a Billionaire.

Yahoo’s board of directors have just agreed to buy his wildly popular blogging platform, which boasts 100million users and  90million posts per day, for $1.1billion cash. Now that’s a cool Billion. 

The deal could make the native New Yorker the  latest 20-something tech billionaire, even though he was publicly opposed, even  just last year, to selling the company he founded out of his mother’s small  Manhattan apartment in 2007.

On Sunday afternoon, it was revealed Yahoo’s  board approved the purchase of Tumblr, despite its revenue of only $13million  last year. Even that figure was only made possible after $125million in capital  investments.

Read more: http://www.dailymail.co.uk/news/article-2326998/Yahoo-buys-Tumblr-1-1billion-Founder-David-Karp-tech-tycoon.html#ixzz2Tn20e5Sj Follow us: @MailOnline on Twitter | DailyMail on Facebook

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