How much did Tony Hsieh sell Zappos for?
How much did Tony Hsieh sell Zappos for?
On July 22, 2009, Amazon announced the acquisition of Zappos.com in a deal valued at approximately $1.2 billion. Hsieh is said to have made at least $214 million from the sale, not including money made through his former investment firm Venture Frogs.
Who owns Zappos now?
Zappos
What happened to Zappos owner?
Tony Hsieh, who developed Zappos into a billion-dollar internet shoe store and formulated an influential theory about corporate happiness, deliberately locked himself in a shed moments before it was consumed by the fire that would kill him. Last November, Mr.
What is anthony Hsieh net worth?
Hsieh’s fortune is now about $2 billion, according to the Bloomberg Billionaires Index. He’s one of only a handful of Americans of East-Asian descent to have turned U.S. companies they founded into multibillion-dollar businesses, alongside the likes of Eric Yuan of Zoom Video Communications Inc.
Does Zappos own Amazon?
Zappos.com is an American online shoe and clothing retailer based in Las Vegas, Nevada, United States. The company was founded in 1999 by Nick Swinmurn and launched under the domain name Shoesite.com. In July 2009, Amazon acquired Zappos in an all-stock deal worth around $1.2 billion at the time.
Why did Amazon sell Zappos?
Amazon acquired Zappos for $1.2 billion in 2009, and kept Hsieh on as CEO. He said in 2010 he had decided to sell to the e-commerce giant because Amazon recognized “the uniqueness of Zappos’s culture and Amazon’s duty to protect it.
