Tony Hsieh Net Worth 2019, Biography, Early Life, Education, Career and Achievement
Tony Hsieh Net Worth– A venture capitalist and an American internet entrepreneur, Tony Hsieh became one of the early risers when his internet agency network LinkExchange (co-founded) was bought by Microsoft.
In his early 40s, he is an example of success via quality hard work. He is also the CEO of Zappos- the current internet sensation, and shoe and clothing online store. He has also penned down a book titled Delivering Happiness and has invested in some other startups as well.
Early Life, Family, and Education
Richard and Judy Hsieh came from Taiwan to Illinois, where Tony Hsieh was born on December 12, 1973. He grew up on the bay area of San Fransisco, California, the United States of America.
He is a Harvard University pass out. He attained his degree in computer science in the year 1995 from the prestigious Harvard University – which is also among the best universities across the world.
He managed Quincy House Grille at the university where he sold pizza. This is also where he met Alfred Lin- his best customer, who later went on to be on board of Zappos; he also holds positions of COO and CFO.
Hsieh is known to be a party-maniac. He also isn’t close to his parents. He apparently left his home and went against his parents to pursue his dreams. His parents wanted him to be a lawyer or a doctor.
He had other plans and was rebellious by nature. He is also known to have spent much of his life finding himself. He believes in the journey towards himself.
With plenty of affairs, he hasn’t shown an inclination to marry. He has a close circle of friends- to whom he has stuck for several years through thick and thin.
As soon as Hsieh passed out of Harvard, he landed a job in Oracle. It was one of the dream jobs anyone could have. He, though, left the job in six months because he didn’t understand the company culture and didn’t want to be part of the corporate line-up.
He founded an advertising network LinkExchange. The idea was to advertise the sites of those interested in the LinkExchange website. It worked, and the first 30 clients came via e-mails. 20,000 web pages participated within first 90 days.
The banner ads of theirs were displayed over 10 million times. With 400,000 members and 5 million ads being rotated daily by 1998, it was a huge success. It was sold to Microsoft for 265 million USD in November, the same year.
One of the friends of Hsieh said she’ll invest everything if the name was kept as Venture Frogs. That’s what started Venture Frogs where Hsieh was a co-founder. It has funded several companies like AskJeeves, OpenTable and Zappos.
It hasn’t seen much money yet, but this is what got him into Zappos, to begin with. After working on Zappos, in 2011, he joined the board of JetSuite and also led an investment of 7 million USD. JetSuite is a growing ‘very light’ jet.
Tony Hsieh is an American entrepreneur and venture capitalist who has a net worth of $850 million.
After the success of his first business, Hsieh co-founded the investment firm, Venture Frogs, with Alfred Lin. Some of the business’ investments include Zappos, OpenTable, and Ask Jeeves.
Hsieh became the CEO of Zappos in 2000 and, in less than a decade, the company did one billion dollars worth of revenue. In 2011, Hsieh became part of the board of directors of JetSuite.
The active Twitter user is part of a revitalization project for Las Vegas’ downtown area. He is the 2007 recipient of the Ernst & Young Entrepreneur of the Year Award. His first book, “Delivering Happiness”, published in 2010 and became a number one “New York Times” bestseller, staying on the list for more than six months. Hsieh currently lives in Las Vegas, Nevada.