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Fortune

Marco Quiroz-Gutierrez

Spotify just turned 20. Here's how founder Daniel Ek built it into a $100 billion music empire by being the ‘least powerful person’ at the company

Daniel Ek Spotify United States Alex Norström Gustav Söderström Stockholm Sweden

(Credit: David Paul Morris—Bloomberg via Getty Images)

Spotify turned 20 on Thursday only months after Daniel Ek, who founded the $100 billion music juggernaut stepped down as CEO.

Ek, who cofounded Spotify in 2006 in Stockholm, in January stepped into a new role as executive chairman role with a focus on big-picture moves and capital-allocation decisions.

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