| Top Beneficial Owners | Ordinary Shares Number | Percent |
| Daniel Ek | 32,323,633 | 16.7 % |
| Martin Lorentzon | 20,988,551 | 10.9 % |
| Baillie Gifford & Co | 22,136,902 | 11.5 % |
| Morgan Stanley | 17,293,378 | 9.0 % |
| T. Rowe Price | 14,252,970 | 7.4 % |
| Tencent | 16,631,969 | 8.7 % |
The multi-billion music streaming company Spotify is primarily owned by its founders, Daniel Ek and Martin Lorentzon. As of 2021, Daniel Ek has 16.7% ownership of ordinary shares and 31.9% of the voting power. Where Martin Lorentzon has 10.9% of ordinary shares and 42.9% of the voting power. Another key shareholder is Baillie Gifford & Co, a Scottish-based money management firm, followed by Morgan Stanley, T. Rowe Price, and Tencent.
Read More: Spotify Business Model, Subscription Business Models, Business Models.
