Adam Foroughi, co-founder of AppLovin Corp, faced rejection from Bay Area venture capitalists over a decade ago but has since achieved remarkable success. AppLovin’s shares have increased seven-fold this year, boosting Foroughi’s net worth to $10.9 billion and ranking him among the world’s 500 richest individuals. The company, which provides mobile marketing services and is powered by AI technology, reported substantial profits and a market valuation of $102.6 billion. Foroughi, who retains 10% ownership, has navigated challenges, including a failed sale, and aims for 30% annual growth driven by e-commerce and innovative advertising solutions.