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Pierre Omidyar Net Worth

Emmy Wallin

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Pierre Omidyar Net Worth

What is Pierre Omidyar’s net worth?

Net Worth:$7.8 Billion
Age:54
Born:June 21, 1967
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:2021

Introduction 

Pierre Omidyar is an American billionaire entrepreneur, computer scientist, and philanthropist.

Omidyar is the founder of eBay where he served as chairman from 1998 to 2015. He became a billionaire at the age of 31 with eBay’s 1998 initial public offering. 

As of 2021, Pierre Omidyar’s net worth is approximately $7.8 billion.

 

Early Life 

Pierre Morad Omidyar was born on the 21st of June, 1967, in Paris, France. His mother is a renowned linguistics scholar, and his father was employed at ‘Johns Hopkins University’ as a surgeon.

The family later settled down in the U.S, where the young boy attended the ‘Potomac School’, Virginia. He eventually completed his secondary education in 1984, from ‘St. Andrew’s Episcopal School’ in Maryland.

 

Career 

In 1991, this software enthusiast, along with Arnold Blinn, Greg Stein, Will Poole, and Matt Kursh, founded a small-scale pen computing firm named, ‘Ink Development’. Two years later, the founders of ‘Ink Development’ rechristened the company to ‘eShop’, and began focussing on e-commerce.

Within one year, the brilliant businessman acquired the license to sell airplane tickets on the site. In 1996, he also hired the proficient engineer, ‘Jeffrey Skoll’, to work with him on the ‘Auction Web’.

In 1997, ‘Auction Web’ was renamed as ‘eBay’, after his initial choice of ‘echobay’ was already in use. During the same period auctions of items on sale had hit an average of 800,000 per day.

The following year, another competent entrepreneur was employed as the Chief Executive Officer for ‘eBay’. The ‘eBay’ business continued to excel, bringing home billions for all the co-founders of the website.

On February 10, 2014, the successful entrepreneur established a journalism company named, ‘First Look Media’, and it’s subsidiary, ‘The Intercept’, which delivers online news. 

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As of 2021, Pierre Omidyar’s net worth is $7.8 billion.

 

Highlights 

Here are some of the best highlights of Pierre Omidyar’s career: 

  • EY Entrepreneur of The Year Award (1999) – Won 
  • Omidyar Network (2004)
  • Founder of eBay

 

Favorite Quotes From Pierre Omidyar 

“People were doing business with one another through the Internet already, through bulletin boards. But on the Web, we could make it interactive, we could create an auction, we could create a real marketplace. And that’s really what triggered my imagination if you will, and that’s what I did.” – Pierre Omidyar

“We have the technology, finally, that for the first time in human history allows people to maintain rich connections with much larger numbers of people.” – Pierre Omidyar

“In February of 1996, about six months after I created eBay, I started receiving a spate of complaints. Everyone was complaining about each other. I felt very much like I was a parent who had to adjudicate the brothers beating each other up.” – Pierre Omidyar

“Don’t let people who you may respect and who you believe know what they’re talking about, don’t let them tell you it can’t be done because often they will tell you it can’t be done, and it’s just because they don’t dare to try.” – Pierre Omidyar

“I want people to be entrepreneurs, but I want them to do it for the right reasons because they think they can change the world because they think they have got something of value to give to the world. Not because they think they can make a lot of money.” – Pierre Omidyar

 

3 Lessons From Pierre Omidyar 

Now that you know all about Pierre Omidyar’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him:

 

1. Believe In People

120 million eBay users learned to trust people they don’t know. eBay has a big influence on the entire world. Maybe other business models might be successful due to their social consequences? Influence on society is a good chance for many companies to share the principles of eBay.

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2. Just Go And Do It

Don’t try to predict and set every action to achieve some goal in the future. 

 

3. Failures Are Good

In 1999, eBay faced epic fails. The whole eBay, the whole system stopped working almost for a day and was out of order again for the entire working day. What doesn’t kill you, makes you stronger. While you solve problems you learn things that will help avoid them in the future.

 

Summary 

Pierre Omidyar is the business magnate who is famous for having revolutionized the field of e-commerce, with his online bidding website, ‘eBay’.

Having a passion for computer science, as a young man he began his career with a software company called ‘Claris’, and helped his team develop ‘Apple Inc’s application ‘MacDraw II’.

As of 2021, Pierre Omidyar’s net worth is estimated to be $7.8 billion.

What do you think about Pierre Omidyar’s net worth? Leave a comment below. 

Emmy Wallin is a writer for Wealthy Gorilla. She is a young Swedish girl from Uppsala, who is currently traveling around the world. Emmy has a big passion for helping others and motivating people. Emmy has been studying celebrities careers, biographies, lifestyles, and net worths for over 3 years. She is the face behind the net worth profiles here on Wealthy Gorilla.

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