Tony Hsieh Net Worth is$400 Million
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Date of Birth: 1975
Ethnicity: Taiwanese American
Tony Hsieh an American businessman has a net worth of $400 million. Tony Hsieh has built his net worth as CEO of online shoe and clothing shop; he was also a co-founder of LinkExchange, which is now owned by Microsoft. Hsieh is a graduate of Harvard University with a degree in Computer Science. In 2010 he wrote a book called Delivering Happiness, about his entrepreneurial endeavors.
Tony Hsieh (English pronunciation: /'?e?/ "shay", born December 12, 1973) is the CEO of online shoe and clothing shop Prior to joining Zappos, Hsieh co-founded and sold the internet advertising network LinkExchange to Microsoft in 1999 for $265 million.
In 1995, Hsieh graduated from Harvard University with a degree in Computer Science. While at Harvard, he managed the Quincy House Grille selling pizza to the students in his dorm (his best customer, Alfred Lin, would later be Zappos's CFO and COO). After college, Hsieh worked for Oracle. After five months, Hsieh found himself dissatisfied with the corporate environment and quit to found LinkExchange.
In 1996, Hsieh started developing the idea for an advertising network called LinkExchange. Members were allowed to advertise their site over LinkExchange's network by displaying banner ads on their website. They launched in March 1996, with Hsieh as CEO, and found their first 30 clients by direct emailing webmasters. The site grew, and within 90 days LinkExchange had over 20,000 participating web pages and had its banner ads displayed over 10 million times. By 1998, the site had over 400,000 members and 5 million ads rotated daily. In November 1998, LinkExchange sold to Microsoft for $265 million.
After LinkExchange sold to Microsoft, Hsieh co-founded Venture Frogs, an incubator and investment firm, with his partner, Alfred Lin. The name originated from a dare. One of Hsieh's friends said she would invest everything if they chose "Venture Frogs" as the name, and the pair took her up on the bet (although they have yet to see any money). They invested in a variety of tech and Internet startups, including Ask Jeeves, OpenTable and Zappos.
In 1999, Nick Swinmurn approached Hsieh and Lin with the idea of selling shoes online. Hsieh was initially skeptical and almost deleted Swinmurn's initial voice mail. After Swinmurn mentioned that "footwear in the US is a $40 billion market, and 5% of that was alrea

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Tony Hsieh Latest News

Why multi-millionaire Zappos CEO Tony Hsieh lives in a trailer park

Zappos CEO Tony Hsieh is known for his unconventional management style. But his personal life is equally unconventional. Despite his status as a near-billionaire with at least $780 million to his name ...
Posted: May 8, 2017, 7:03 am

Growing your company: Why the North Star metric works

It’s easy to dismiss the North Star metric as another management fad, not unlike Tony Hsieh’s attempt to create a holacracy at Zappos, but the NSM may actually be relevant to many organizations. The p...
Posted: July 14, 2018, 4:15 am

I spent a day shadowing the CEO of Zappos, and it taught me a critical lesson about finding opportunity

Zappos CEO Tony Hsieh let Alex Banayan shadow him for two days when Banayan was a college student. Banayan recounts the experience in his new book, "The Third Door," about his quest to track down the ...
Posted: June 30, 2018, 2:54 pm
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