What is Richie Barton's net worth?
| net worth: | 2.1 billion USD |
|---|---|
| year old: | 57 |
| Date of birth: | June 2, 1967 |
| sex: | men |
| High: | hollow |
| Country of origin: | USA |
| Source of wealth: | businessmen |
| Last updated: | September 14, 2024 |
introduce
Rich Barton is an American businessman and CEO of Zillow Group with an estimated net worth of $2.1 billion.
Barton founded several companies, including online travel company Zillow, job search engine Glassdoor, and photography website Trover.
Barton was a venture capital partner at Benchmark and currently serves on the boards of Netflix, Avvo, Nextdoor and Artsy.
early life
Richard Patton was born on June 2, 1967 and grew up in New Canaan, Connecticut.
Patton is the son of a teacher and a mechanical engineer.
Barton graduated from Stanford University in 1989. He then worked for Alliance Consulting Group and Microsoft starting in 1991. His ancestor John Barton and his son Horace were inducted into the Tennis Hall of Fame South Dakota in 1999.
Job
Rich Barton started working at Alliance Consulting Group in 1989 after graduating from Stanford University with an engineering degree.
In 1991, he left Microsoft and began working as a project manager for the MS-DOS 5.0 operating system. While working at Microsoft, Barton founded the travel website Expedia in 1994, when the company was planning to produce travel guidebooks on CD-ROM. However, Barton proposed the idea of an online service to Bill Gates, who allowed him to continue the project.
In 1996, Expedia launched on the Internet and Rich served as CEO through the site's IPO until it was acquired in 2003 for $3.6 billion.
Earn billions
After selling Expedia's intellectual property, Rich Barton took a year off from business to relax in Italy and enjoy his success, but he didn't rest long as he returned to the company in 2004 to start working on it. Next business plan.
Now, in Seattle, Barton has begun work on Zillow, a site he believes can change the real estate industry.
Zillow was founded in Washington in December 2004 and officially launched in February 2006.
The site, which included home pricing tools, sales history and appraisal value information at launch, crashed the morning of the launch because the servers weren't strong enough to handle the massive amount of traffic.
By 2008, Zillow was growing exponentially, and in 2010, for the first time since its launch, Zillow achieved incredible profits.
In 2012, Barton acquired Rentjuice and Hotpads, in 2013 acquired Street Easy and in 2015 acquired Trulia.
All of this has helped Richie Barton become one of the richest people in America, and his net worth continues to increase.
Zillow Maintenance
Although Rich Barton stepped down as CEO in 2010, he returned to the CEO position in 2019, succeeding Spencer Rascoff. A year ago, the site began buying and selling through the new Zillow Offers platform, partnering with local real estate agents. After returning to the CEO position, Barton began expanding Zillow Offers into new markets across the US.
However, when the pandemic hit in 2020, Zillow's stock price fell to a four-year low, forcing it to cut costs to maintain profitability.
By July 2020, Zillow became one of the first companies to allow employees to work from home permanently. This allowed them to hire an additional 1,500 employees, with plans to increase headcount by 40% by the end of 2021.
Unfortunately, things didn't go as planned, and in November 2021, Barton announced that Zillow would shutter its home buying business and lay off 25% of its staff.
However, that didn't stop Zillow Group from acquiring other businesses in the 2020s to expand its reach. These companies include ShowingTime, Follow Up Boss and VRX Media, all of which have generated revenue for Zillow. Meanwhile, Forbes named Barton a billionaire in 2020 as his income from Zillow continued to increase.
Richie Barton is currently one of the richest people in the world and he has certainly lived up to his name, making billions of dollars through his businesses.
Richie Barton Net Worth
In 2024, Rich Barton's net worth is estimated to be $2.1 billion.
How does Rich Barton spend his money?
Rich Barton spends money on real estate.
Rich Barton's housing and other expenses
Barton, who owns a home in Seattle, Washington, has a $700 million stake in Zillow and plans to turn it into a house-flipping machine.
Highlights
Here are some highlights of Rich Barton's career:
- CEO, Zillow Group
- Named one of the top 10 innovators under 35 by MIT Technology Review (2003)
- Presidential Ambassador for Mainland Entrepreneurs (2012)
Summary
Rich Barton is an American businessman and entrepreneur, best known for his role as CEO of Zillow Corporation.
He is also the founder of Expedia and Glassdoor. Barton was born in Connecticut and graduated from Stanford University. He also founded Trover, an online travel photo sharing website.
He is a venture capital partner at Benchmark and serves on the boards of Netflix and Artsy. In 2012, he was appointed one of President Barack Obama's Ambassadors for Continental Entrepreneurship.
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