How rich is Tony Hsieh?
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Tony Hsieh Net Worth, Wiki & Biography in 2017
Tony Hsieh was born on 12 December 1973, in Illinois USA, of Taiwanese ancestry, and is a venture capitalist and internet entrepreneur, best known as a co-founder of LinkExchange and Zappos.com, and as the CEO of Zappos, the online shoe and clothing shop which are the main sources of Tony’s high net worth.
How rich is Tony Hsieh? It has been estimated that Hsieh’s net worth is over $800 million, as of mid-2016, gained largely from the internet pages he has helped create, which are so popular and acclaimed.
Tony Hsieh Net Worth $800 Million
Tony grew-up in the San Francisco Bay area. From his teenage years, Tony was interested in computers, so unsuprisingly chose computer science studies at Harvard University. After graduating in 1995, Hsieh started to work in the computer technology company Oracle Corporation, but was dissatisfied with his work and the environment there, so he decided to quit, and in conjunction with college friend Sanjay Madan, soon came up with the idea of creating LinkExchange. It was founded in 1996 and became successful very quickly, adding a lot to Tony Hsieh’s net worth, so popular in fact that in 1998 Microsoft bought LinkExchange from Tony Hsieh for $265 million, creating a very significant boost to his net worth.
After Microsoft bought LinkExchange, Tony together with Alfred Lin created the investment firm, called Venture Frogs. Maybe it was not as wildly successful as LinkEcxchange, but it still affected the growth of Tony’s net worth, and their investments in various ventures proved profitable.
Another activity that made Tony acclaimed was his cooperation in creating the online clothing and shoe shop, Zappos.com, together with Alfred Lin and Nick Swinmurn, and he became the CEO of the expanding company. Although at first sceptical of the idea, this venture ultimately had great success, and from revenues of a little over $1 million in 2000, they rose to $10 billion within the decade, earning Tony a considerable amount of money.
In addition to this Tony became a part of JetSuite’s board in 2011, and invested $7 million into this company in order to make improvements to its aircraft and operating systems, in terms of increased efficiency and therefore profitability.
Tony even gained the Entrepreneur Of The Year Award from Ernst & Young in 2007, and has acclaimed by many Internet users all over the world. What is more, Tony wrote the book, “Delivering Happiness”, which rose to first place on the New York Times Best Seller List, and for 27 weeks altogether, the popularity of which added further to Tony Hsieh’s net worth.
Now living in Las Vegas, Tony has been at the forefront of the revitalization of the city, which suffered badly from the GFC and its aftermath.
In his personal life, Tony likes to keep it private, and the media knows nothing of any relationships.