|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 %|
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.