What is Nathan Blecharczyk's Net Worth?
Nathan Blecharczyk is an American businessman who has a net worth of $8 billion. Nathan Blecharczyk is best known for being the co-founder and Chief Technology Officer of Airbnb.
He graduated from Boston Latin Academy and Harvard University with a degree in Computer Science. In 2008, Blecharczyk was brought on by his former roommate Joe Gebbia and his friend Brian Chesky to help build Airbnb's website which was then called Airbedandbreakfast.com. Chesky and Gebbia founded the company originally after noticing a lack of available hotel rooms in San Francisco during a tech conference. They bought several air beds which they rented out for a nice profit over the weekend. The business soon became known as Airbnb. By November 2015 Airbnb had over 60 million guests use their service, and the company is valued at over $25 billion. Five years later the company was worth $100 billion.
IPO: Airbnb made its IPO debut on December 10, 2020. On December 9, the company's expected market cap was a little under $50 billion. By the morning of December 10, the company's market cap had exploded to $100 billion. At that level, Nathan, Brian and Joe were each worth $6 billion on paper. When the company finally went public, it started trading out of the gate at $147 per share, indeed a market cap of $100 billion.
Each founder sold $100 million worth of their personal shares on the IPO day. Even after that sale Nathan owns around 70 million shares of Airbnb.
All three founders are members of The Giving Pledge, which means they intend to eventually donate at least half of their fortunes to charity.
