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Grizzly Bulls’ Billionaires Index

⬅ # 227 Mangal Lodha|# 229 Ann Walton Kroenke ➡

# 228 Brian Chesky 

$10.2B

Real Time Net Worth
as of 5/13/2024
$187.6M (1.85%)

# 228 Brian Chesky 

$10.2B

Real Time Net Worth
as of 5/13/2024
$187.6M (1.85%)
OccupationCofounder and CEO, AirBnB
Source of WealthAirbnb
Age42
ResidenceSan Francisco, California
Marital StatusSingle
EducationBS, Rhode Island School of Design
Age-Adjusted Net Worth$34.3B
Brian Chesky
Brian Chesky
United States
Net worth: $10.2B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Brian Joseph Chesky was born on August 29, 1981, in Niskayuna, New York.
His parents, Deborah and Robert H. Chesky, were both social workers, with his father of Polish and his mother of Italian origin.
During childhood, Chesky showed early interests in art, design, and landscape architecture.
He attended the Rhode Island School of Design (RISD) from 1999 to 2004, graduating with a Bachelor of Fine Arts degree in industrial design.
Chesky's passion for design was influenced by figures like Charles Eames and Walt Disney at RISD.
He developed a friendship with Joe Gebbia, a fellow student at RISD and a future Airbnb co-founder.
In his early 20s, Chesky was also involved in hockey and competitive bodybuilding.

Career

After college, Chesky worked as an industrial designer and strategist at 3DID, Inc. in Los Angeles.
In 2007, he moved to San Francisco and shared an apartment with Joe Gebbia, his future Airbnb co-founder.

Airbnb Founding

In October 2007, facing financial challenges, Chesky and Gebbia rented their apartment during a conference and marketed it as 'Airbed and Breakfast,' providing air mattresses for guests.
Chesky became the CEO of Airbnb, leading the company's innovative approach to fundraising by creating special-edition cereals 'Obama O's' and 'Cap'n McCains' based on presidential candidates.
The founders gained entry into Y Combinator, receiving training and $20,000 in funding in exchange for a 6% interest in the company.
In December 2020, Airbnb went public through a successful IPO, doubling the share price to over $144.

Personal Life

Chesky is the son of social workers and has a younger sister, Allison.
In his early career, before Airbnb's success, Chesky earned $40,000 per year as an industrial designer in Los Angeles.

Pre-IPO Challenges

Amid the COVID-19 pandemic, Airbnb faced significant business challenges, leading to the company taking $2 billion in funds from private equity firms in April 2020 to stay afloat.

How long would it take you to become as rich as Brian Chesky?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Brian Chesky's net worth of $10.2B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Brian Chesky is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Brian Chesky, Airbnb is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey