Angela Bacares Net Worth, Salary, and Earnings 2024

Angela Bacares has rapidly gained attention in the tech world, not just as the wife of British entrepreneur Mike Lynch, but as a significant player in the cybersecurity industry. With her involvement in high-profile companies like Darktrace, Bacares has amassed substantial wealth and influence.

As of 2024, her net worth and earnings have become a topic of interest for many. Here in this post we will cover everything about her net worth, salary, and earning sources;

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Quick info

Here are some quick info about her;

Net Worth of Angela Bacares in 2024

As of 2024, Angela Bacares's estimated net worth stands at approximately £988 million, a significant increase from previous years. This figure places her and her husband among the wealthiest individuals in the UK, ranking them 179th on the Sunday Times Rich List in 2022.

The bulk of Bacares's wealth stems from her substantial stake in Darktrace, a leading cybersecurity firm that has garnered both acclaim and controversy.

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Earnings and Salary

Angela Bacares's earnings primarily derive from her ownership stake in Darktrace. The company, founded in 2013, has become a major player in cybersecurity, offering AI-driven solutions to protect against digital threats.

Bacares inherited most of the family's stake in the company from her husband, Mike Lynch, who was instrumental in establishing Darktrace. The firm's valuation and Bacares's ownership share translate into considerable annual earnings, though exact figures are kept private.

Nonetheless, it's estimated that her income from dividends and other investments runs into the tens of millions annually.

Key Sources of Wealth

Here are some of the key sources of earnings;

Darktrace:

As one of the founding investors, Bacares holds a significant stake in Darktrace. The company has been at the forefront of using artificial intelligence for cybersecurity, making it a lucrative venture. Despite facing challenges from short sellers and undergoing an independent financial review, Darktrace remains a valuable asset in Bacares's portfolio.

Autonomy:

Although Bacares's direct involvement in Autonomy is less publicized, her wealth is also tied to the success of this software company, which Mike Lynch co-founded. Autonomy was sold to Hewlett-Packard for £9 billion in 2011, a deal that has since been mired in legal battles.

Despite these controversies, the sale added significantly to Bacares's wealth.

Investments:

Bacares is known to have diversified her wealth through various investments in tech and other sectors. These investments contribute to her overall financial stability and growth, ensuring that her net worth continues to rise even amid the ups and downs of the tech industry.

Angela Bacares's Role in the Tech Industry

Bacares's involvement in the tech industry extends beyond her financial investments. As a major stakeholder in Darktrace, she plays a crucial role in guiding the company's strategic direction, especially during turbulent times. Darktrace has faced scrutiny over its accounting practices, but it remains a key player in cybersecurity, thanks in part to Bacares's influence and decision-making.

Her husband's legal troubles, particularly his ongoing battles related to the sale of Autonomy, have also placed Bacares in the spotlight. Despite these challenges, she continues to maintain a strong presence in the tech world, helping to steer Darktrace through its controversies and maintaining its position as a leader in cybersecurity.

FAQs

Here are some top most frequently asked questions about her;

1. What is Angela Bacares's net worth in 2024?

As of 2024, Angela Bacares's net worth is estimated to be around £988 million.

2. How did Angela Bacares amass her wealth?

Bacares's wealth primarily comes from her significant stake in Darktrace, a leading cybersecurity firm. She also benefits from the sale of Autonomy, a software company co-founded by her husband, Mike Lynch.

3. What role does Angela Bacares play in Darktrace?

Angela Bacares is a major stakeholder in Darktrace, influencing the company's strategic direction and decision-making processes.

4. Has Angela Bacares faced any controversies?

While Bacares herself has not been the center of major controversies, her husband's legal battles, particularly over the sale of Autonomy to Hewlett-Packard, have brought considerable attention to their financial dealings.

5. What other investments does Angela Bacares have?

Apart from Darktrace and Autonomy, Bacares has diversified her wealth through various investments, particularly in the tech sector.