Who was Tony Hsieh and was the former Zappos CEO married?
TECH entrepreneur Tony Hsieh was the former CEO of shoe company Zappos. The millionaire passed away in a house fire on Friday while visiting family in Connecticut. Who was Tony Hsieh? Tony Hsieh, 46, was an American businessman and venture capitalist. He co-founded the Internet advertising network LinkExchange, which he sold to Microsoft in 1998 […]
TECH entrepreneur Tony Hsieh was the former CEO of shoe company Zappos.
The millionaire passed away in a house fire on Friday while visiting family in Connecticut.
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Who was Tony Hsieh?
Tony Hsieh, 46, was an American businessman and venture capitalist.
He co-founded the Internet advertising network LinkExchange, which he sold to Microsoft in 1998 for $265million.
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Hsieh was also the CEO of Zappos, an online footwear company for nearly two decades.
He also worked to revitalize downtown Las Vegas, pledging $350million in 2013 for redevelopment.
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How much did Hsieh sell Zappos for?
Hsieh first invested in Zappos with business partner Nick Swinmurn.
He joined Zappos in 2000 with a $16million investment and by 2009, the revenues had reached $1billion.
In 2009, Zappos was sold to Amazon for $1.2billion, but Hsieh remained with the company until his retirement.
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Did Tony Hsieh have a wife and children?
According to sources, Hsieh did not have any wife or children.
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It is unclear who will be responsible for his estate upon his passing.
The entrepreneur’s net worth amassed over $840million.
How did Tony Hsieh die?
Hsieh died from injuries sustained in a house fire that occurred in Connecticut while he was visiting family, his firm Downtown Partnership Las Vegas (DTP) confirmed.
No further details have been released about his death.
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In a statement, Zappos said: “The world has lost a tremendous visionary and an incredible human being.
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“We recognize that not only have we lost our inspiring former leader, but many of you have also lost a mentor and a friend.
“Tony played such an integral part in helping create the thriving Zappos business we have today, along with his passion for helping to support and drive our company culture.
“Tony’s kindness and generosity touched the lives of everyone around him, as his mantra was of ‘Delivering Happiness’ to others. His spirit will forever be a part of Zappos.”
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