The 70% rise in Airbnb shares since January raised Gebbia’s net worth by US$3,000 million (2,673 million euros) to almost US$9,000 (8,019 million euros).
The co-founder of Airbnb, Joe Gebbia, is on a roll this year, as the vacation rental platform’s share prices soared post-pandemic. This was revealed by a Business Insider article.
The 70% rise in Airbnb shares since January raised Gebbia’s net worth by US$3,000 million (2,673 million euros) to almost US$9,000 (8,019 million euros) and this 41-year-old man he has been monetizing it with a series of stock sales.
Last Thursday, Gebbia, who is now ranked 251 among the richest people in the world according to him Billionaires Index Bloomberg, sold 516,666 Airbnb class A shares for $71.7 million (63.9 million euros), according to a regulatory notice.
This sale of shares in particular, it was the latest in a series this year that brought its total share sales to more than $1 billion (890 million euros) to date, according to calculations by Bloomberg.
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The professional history of Joe Gebbia
In 2007, Gebbia founded the platform together with Brian Chesky and Nathan Blecharczyk, who are now the company’s CEO and chief strategy officer, respectively.
In July of last year, Gebbia stepped down from his full-time operational roles at Airbnb and has since reduced his stake. He has so far sold Airbnb shares worth almost $1.4 billion (1.247 billion euros), according to Bloomberg. Gebbia continues to form part of the airbnb tip and is president of its nonprofit arm, Airbnb.org.
since you left Airbnb full-time, Gebbia co-founded Samara, a design studio, in October of last year. He is also on Tesla’s board.
Source: Ambito
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