David Karp, the CEO of Tumblr, has become the newest tech tycoon in America after selling his blogging and social networking site to Yahoo for $1.1billion in cash on Sunday (May 19, 2013). With an expected $275 million from the sale and his youth, the 26-year-old New Yorker joins a tiny circle of 20-something entrepreneurs, hoodie-wearing characters such as Facebook’s Mark Zuckerberg and Foursquare’s Dennis Crowley. Like archetypal cyber-tycoon Mark Zuckerberg, David Karp’s personal lifestyle is quite modest. The self-taught computer coder lived with his girlfriend Rachel Eakley, a grad student and chef, in a West Village apartment but now the couple are living in a $1.6 million one-bedroom loft in Williamsburg, Brooklyn. David Karp and his girlfriend also like to zoom around in New York on their Vespa. Most days, he drives the Vespa to work or walks to Tumblr's headquarters.
 
The tech wonder founded Tumblr in 2007 and rebuffed the solicitations of Silicon Valley's biggest technology giants for years. His popular micro blogging site, which allows users to quickly post pictures, text and video, hosts 108.5 million blogs, having over 50.9 billion posts and a modest 175 employees. It has surged to more than 100 million users, who upload 90 million posts per day. Before running Tumblr, David Karp made his way to Tokyo to work for several months for a start-up at the age of 17. He then returned to the United State and became the chief technology officer for UrbanBaby, an Internet message board for parents that was sold to CNET Networks in 2006.
  David Karp posed with his longtime girlfriend Rachel Eakley, who is a grad student and chef.
  David Karp’s girlfriend Rachel Eakley lived with him in a modest West Village apartment before moving to a luxury $1.6 million loft in Williamsburg, Brooklyn last year. They had a dog named Clark.
  The plucky, 26-year-old Tumblr founder, who dropped out of high school to be home-schooled at the age of 14, prefered a night in with his girlfriend to a crazy night out.
  The lovebirds liked to travel the world and enjoy taking fancy cars for weekend getaways together. In recent months, the couple have visited places like Belize and London.
  David Karp, who sold his popular blogging platform Tumblr to tech behemoth Yahoo for an amazing $1.1 billion on Sunday (May 19, 2013), liked to zoom around in New York on his Vespa.