⬅ # 299 Robert Rowling|# 301 Eric Smidt

# 300 Pierre Omidyar 

$8.73B

Real Time Net Worth
as of 5/29/2024
$24.2M (0.28%)

# 300 Pierre Omidyar 

$8.73B

Real Time Net Worth
as of 5/29/2024
$24.2M (0.28%)
OccupationFounder, eBay
Source of WealthEBay, PayPal
Age56
ResidenceHonolulu, Hawaii
Marital StatusMarried
Children3
EducationBS, Tufts University
Age-Adjusted Net Worth$11.4B
Pierre Omidyar
Pierre Omidyar
United States
Net worth: $8.73B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Pierre Morad Omidyar was born on June 21, 1967 in Paris, France
Attended Tufts University and University of California, Berkeley
Graduated with a B.S. in Computer Science from UC Berkeley in 1988

Early Career

Worked at Claris, an Apple Computer subsidiary
Co-founded Ink Development, later eShop Inc.

eBay

Founded eBay in 1995 at the age of 28
Started as Auction Web, allowing person-to-person auctions
First item sold was a broken laser pointer
Renamed company to eBay in 1997
Facilitated various types of auctions, including collectibles and airline tickets
eBay went public in September 1998, making Omidyar a billionaire
Acquired PayPal in 2002 and spun it off in 2015
Omidyar stepped down from eBay's board in 2020, retaining the title of director emeritus

Media Ventures

Launched First Look Media in 2013, including The Intercept

Philanthropic Ventures

Established Omidyar Network in 2004 with Pamela Omidyar
Total commitment: $992 million+
Founded Luminate Group in 2018

Real Estate

Owns stakes in resort properties in California and Mexico
Developing real estate in Cabo San Lucas, Mexico

How long would it take you to become as rich as Pierre Omidyar?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Pierre Omidyar's net worth of $8.73B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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

Pierre Omidyar 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 Pierre Omidyar, EBay and PayPal are the primary sources. 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