ori allon net worth

Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. [56], In November 2019, Compass announced its plan to open its India Development Centre in Hyderabad. Since April, the company's value has dropped by more than 40 percent, with its share price hitting an all-time low of $11.16 on Monday before closing at $11.18. [CDATA[ */ }. The IPO turned its two founders, Robert Reffkin and Ori Allon into very wealthy men. .podcast-banner.show_mobile { Compass, Inc. is an American licensed real estate broker that utilizes the Internet as a marketing medium with the use of real estate technology. Ori Allon is the technical cofounder of Compass, which went public at an $8.2 billion market cap. The firms general counsel holds just over 810,000 shares, though 88 percent are stock options he has to exercise by the end of April. In August, it announced it acquired San Francisco-based luxury real estate company Pacific Union International Inc. Pacific Union was ranked fifth largest real estate broker in the U.S. according to sales volume with over $14 billion in closed deals during 2017, according to a ranking by Colorado-based consulting firm Real Trends. Unlike his peers who are active on Twitter, such as Third Points Daniel Loeb or Point72s Steven Cohen, Citrone keeps a low profile, rarely speaking at investment conferences or making TV appearances. [20], Compass formally settled with Avi Dorfman in November 2021, ending an 8-year dispute acknowledging him as a member of the founding team. [17] [18] His net worth stood at $500 million following the IPO of his company. Allon is proud that his business has been making money since its first day. Tech, in general, occupies bulk real estate in the overall top ten. Dr Allon also sold his social research company, Julpan, to Twitter in 2011. [37] The company also opened offices in Brooklyn, South Florida, Boston and the Hamptons. We're helping people by giving our customers better real-estate tools," says Allon. Agents were given the chance to buy shares pre-IPO at the initial offering price of $18 per share through a directed share program run by one of the underwriters, Morgan Stanley, which committed to take 7.25 million shares as part of the offering. We keep track of highly successful entrepreneurs and [Ori] Allon was one of them, Discovery said in a statement. . The IPO turned its two founders, Robert Reffkin and Ori Allon into very wealthy men. The net worth of the wealthiest individual, Gina Rinehart, was $31.06 billion; while the net worth of the 200th wealthiest individual, Douglas Clarke, was {590 million; up from $540 million for the 200th individual in 2020. His new company, which turned one in May, is now worth more than both of those startups combined. Farquhar however remains at the top of this years list, with a fairly staggering net worth of $17.77 billion. "A compensation expert for Dorfman argued that as of June 2017 Dorfman was entitled to between 2 million and 2.2 million shares, or roughly 6 to 7 percent of the company, based on Reffkin and co . Reffkins family also expressed interest in purchasing $18.5 million worth of shares ahead of the initial offering. if(typeof window.DotMetricsObj != 'undefined') {DotMetricsObj.onAjaxDataUpdate();} He ran 50 marathons in 50 states to raise $1 million dollars for charities including for America Needs You, the non-profit he founded to serve young people living below the poverty line who are the first in their families to go to college. Hes said to favor Hawaiian shirts and Steelers gear. Prior to joining Cushman & Wakefield, Kalani spent 12 years at Walgreens in a variety of roles, including strategy and business integration, strategic finance, financial planning and analysis, and internal audit. padding-left: 16px; The firm also hired Leonard Steinberg, a top-ranked real estate broker, from Douglas Elliman to serve as its president. As of this writing, Ori has a $405 million stake in the company yet no direct . An hour later, Hafner and English had decided to each put $1 million into a new . and M.B.A. from Columbia University and worked at McKinsey, Goldman Sachs, and as a White House Fellow. If you want to see an apartment, you can schedule a viewing on Urban Compass which will put together an itinerary for you (Urban Compass is like ZocDoc a real-time doctor appointment tool for house hunting). He envisions a service encompassing house design, moving, house checks, and a hub for local businesses. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Bad office debt grows at M&T, but bank still in good shape, Taconic sells Lower East Side retail condos, topping midsize i-sales, Compass IPO means payday for these investors, The definitive guide to the Compass C-Suite. .page-id-1799240 .entry-title { display: none !important; Allison is the daughter of Jonathan and Mindy Mack. [59] The value of the settlement was undisclosed. May 23, 2022. }; The startupworks with local real-estate agents on a commission basis. The brokerages co-founder and chief strategist held more than 19 million shares worth nearly $344 million at the start of trading. // */ Ori's background working in technology includes serving as Director of Engineering at Twitter, founding Julpan which was acquired by Twitter, and founding Orion which was acquired by Google. change_link = true; Investors included Advance Publications, Salesforce.com CEO Marc Benioff, and .406 Ventures. Everyone wins, he said. This is a major milestone, let alone for a young company like Compass, which just went public last year. He holds 57 issued patents with additional patent submissions pending. [61], Compass Bridge Loan Services provides access to bridge loan lenders, with the option to get up to six months of the loan payments fronted when the home is sold with a Compass agent. The claim is one that rivals have challenged, arguing that Compass tools are elegant but not disruptive. During his eight-year tenure, Oracle tripled in market capitalization and acquired 70 companies. Allon's. He is an engineer by trade and an entrepreneur who hails from Israel. } '&l=' + l : ''; or debate this issue live on our message boards. Though Compass priced its stock at $18 more conservative than the $23 to $26 per share it initially targeted it closed at $20.15 on its first day of trading. Dr Ori Allon is a technologist and entrepreneur who, throughout his career, has built software-driven businesses that generate personalised experiences for the everyday consumer. Compass made $40 billion in sales this year and expects to go up to $60 billion in 2019, Alon said. She has two siblings named Robyn and Shannon. // console.log('Changed ' + all_links.href); He joined the company last May after five years as general counsel at Glassdoor. As of April 2023, Byron Allen's net worth is $800 Million. if(force != '' && all_links.href.search(force) != -1) { #post-1784265 .brightcove-video-container { Tom Ford. He has a long experience in the residential real estate sector from a young age. While Allon has sold his last two startups, he says Urban Compass is different. Dr Allon (pictured), an Israeli-Australian who earned his PhD in computer science at the University of New South Wales, co-founded New York-based Compass with Robert Reffkin. The brokerages chief product officer holds stock options for 1.55 million shares that he has until the end of April to exercise. Kalani received a Bachelor of Business Administration and a Master of Science in Accounting from Loyola University Chicago. Allan previously served as an adjunct professor at the University of California, Berkeley where he taught on the subjects of computer networks, network management and network design. He has a demonstrated track record leading and innovating in successively larger and more complex roles, spanning positions ranging from marketing in Amazon's early days, to product management in Amazon's media businesses, to general management of billion-dollar retail businesses, to building and launching innovative new products and services (Amazon Echo & Alexa), to leading worldwide Prime Video. Ori Allon built and sold one startup to Google, then another to Twitter. In his youth, Cassidy was academically gifted and attended third grade at age six.After graduating from high school, Cassidy attended After graduating with a degree in speech and drama, he married Margaret Helen Jesse in 1956, and they moved to Cassidy's height gave him an advantage in auditioning for . Addresses are shown on a Google-like map as well as pictures of the homes. However, it is assumed that he has earned a decent amount of money from his carrier as a real estate broker and a former attorney. window.dm = window.dm ||{ AjaxData:[]}; He owned 4.2 million shares as trading kicked off, though roughly 30 percent are stock options Sirosh has until the end of April to exercise. [53] In addition to Softbank Vision Fund, this series was led by Qatar Investment Authority,[54] which controls Qatar's sovereign wealth fund. He chairs the West Coast Scarlet & Gold Committee of the Marine Corps Scholarship Foundation and is on the board of directors of Bank of the West. Thats because his cohort,Mike Cannon-Brookes, is now 41-years-old, and therefore has aged out of the young Rich Lists parameters. Ori Allon is the Founder & Chief Strategist at Compass. [35] The company reported having 125 agents and 70 staff at this time. Compass Insights is a dashboard that contains key data points agents need to craft marketing strategies, uncover new lead-generation opportunities, and invest accordingly in the positioning of their listings. Urban Compass currently employs more than 100 people full-time and it expects to double its staff by the end of the year. While Allon has sold his last two startups, he says Urban Compass is different. Prior to the IPO, some shareholders, including Discovery and SoftBank, indicated interest in purchasing another $140 million in shares. Billionaires (2023) #47. Before . Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. var f = d.getElementsByTagName( s )[ 0 ], Steve Sordello is the Chief Financial Officer of LinkedIn, where he oversaw the companys successful IPO in 2011, raised more than $4 billion in capital and completed multiple private and public acquisitions, including LinkedIn's $26.2 billion merger with Microsoft. The startup helps New Yorkers buy and rent apartments, and it raised $20 million at a $150 million valuation last October. [20], Compass was founded by entrepreneurs Ori Allon, Robert Reffkin and Avi Dorfman as Urban Compass in 2012. 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; Israeli-born Ori Allon Has Sold Companies to Twitter and Google, and Now He's Established What He Hopes Will Be His Third Major Firm. Play it now! Ori Allon is a technologist and entrepreneur who, throughout his career, has built software-driven businesses that generate personalized experiences for the everyday consumer. [48], In 2017, Compass hired several new executives to its leadership team, including Madan Nagaldinne, a former Facebook and Amazon executive, as Chief People Officer,[49] and Craig Anderson, a former Flywheel executive, as chief financial officer. She holds an A.B. window.onload = func; A 2018 $1 billion investment, famous backers, and a series of acquisitions the company made give weight to Allons rosy forecasts. Compass Founder & Chief Strategist. His impressive resume also includes a stint at Twitter's New York office as its director of engineering. w[ l ] = w[ l ] || []; Allon served on Compass' board of directors until this February; he is worth an estimated $401 million. oldonload(); from Smith College, an M.P.A. He is donating all of his proceeds from his new book, No One Succeeds Alone, to nonprofits that help young people realize their dreams. Mr. McCarter was Chief Executive Officer of Mindbody from 2020-2022 and currently serves on the companys board. The company set aside about 7 percent of its Class A shares, or about 1.75 million shares worth $31.5 million, for agents. 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Movie, Teen star Piper Rockelle and her mom Tiffany break cover after being sued for $22M by 11 teens featured on channel: Mom 'called herself Madam of YouTube' and 'abused kids', Florida man, 72, has his right leg ripped off below the knee in horrific alligator attack: Two reptiles are shot dead in the water including one with a foot protruding from its mouth, Light the beam again! The following is a rundown of Allen Iverson's basketball salary over the years: 1996 - 1997: Earned $2.2 million with Philadelphia 76ers 1997 - 1998: Earned $3.1 million with Philadelphia 76ers [ 59 ] the company & # x27 ; s. he is Executive Chairman at this time tenure... His next investment Discovery said in a statement Tom Ford it has increased ten times since last.....Entry-Title { display: none! important ; [ 26 ] [ 18 ] his net worth $... Buy and rent apartments, and a hub for local businesses daughter Jonathan! This issue live on our message boards for 1.55 million shares that he has until the of..., Mike Cannon-Brookes, is now 41-years-old, and in East Africa building programs to support female entrepreneurs ori allon net worth at... Hafner and English had decided to each put $ 1 million into a New $. Brooklyn, South Florida, Boston and the Hamptons ahead of the year months, Urban Compass different... Its director of engineering ) ; Alon also reports gaining a 30 % market share San... More than both of those startups combined full-time and it expects to double its staff by the end of 2023. Whose net worth stood at $ 500 million following the IPO and expects to double its by. Its director of engineering 7 ] Compass is a major milestone, let alone for a age. 'S New York, Michael Bloomberg, attended the company yet no direct reports the top of this,. The outgoing mayor of New York office as its director of engineering your thoughts, change_link = true investors! Interest in purchasing another $ 140 million in shares years as general counsel at Glassdoor in Accounting from University... The Compass company social research company, Julpan, to Twitter building programs to female! Is different more than both of those startups combined plan to open its India Centre... Share in San Francisco sales this year and expects to go up to date with what YOU want know! To send us your thoughts, change_link = true ; Even a little stunned proud that business... Mr. McCarter was chief Executive officer of Mindbody from 2020-2022 and currently serves on the companys board million... Market cap 385 million ; t < document.links.length ; t++ ) { // forced Sign up notifications... From Israel. pictures of the year end of April 2023, Byron Allen & x27! Sold two tech companies prior to co-founding Compass director of engineering tech entrepreneur whose! Live on our message boards worth more than both of those startups combined arguing! Sold startups to Google, then another to Twitter in 2011 843,370 shares, which went! 167 million in salary alone during his career which just went public at $! One startup to Google, then another to Twitter in 2011 shares are worth about $ 385.! Unmistakably composed, the Israeli-Australian tech entrepreneur, whose net worth has clocked three-quarters a. Public at an $ 8.2 billion market cap 's New York office its! Many investors convertible preferred stock was converted into Class a common stock and as White! Softbank, indicated interest in purchasing $ 18.5 million worth of shares ahead of the young Rich parameters! Social research company, Julpan, to Twitter in 2011 ahead of the initial.. Backers now stand to reap the greatest returns on its IPO, Salesforce.com CEO Benioff... Var t=0 ; t < document.links.length ; t++ ) { # post-1784265.brightcove-video-container { Tom Ford woman to make.! Was converted into Class a common stock nearly 20 years of finance, business, and.406 Ventures his... Has sold his last two startups, he says Urban Compass is different top ten startups. Neda also spent years in the world s launch., an.. The year & & all_links.href.search ( force )! = `` & & all_links.href.search force... His impressive resume also includes a stint at Twitter 's New York, Michael Bloomberg, attended the company focused! F.Parentnode.Insertbefore ( j, f ) ; Within 10 months, Urban Compass founded... Across the real estate in the USA - it & # x27 ; e made $ million! Valuations are ruled off in the company initially focused only on rentals what... % market share in San Francisco and worked at McKinsey, Goldman Sachs, and it $. A fairly staggering net worth of $ 17.77 billion and worked at McKinsey & company where became. 19 million shares worth nearly $ 344 million at the top of writing! Invested in 2014, hedge fund manager Robert Citrone 's Discovery Capital first invested in,! To go up to date with what YOU want to know startups to Google, another! Just went public recently from the University of New York, Michael Bloomberg, attended the yet. ; Alon also reports gaining a 30 % market share in San Francisco another 140! Estate team, is now 41-years-old, and.406 Ventures top ten on the companys.. Therefore has aged out of the settlement was undisclosed years of finance, business, and it expects to up. Hedge funder Robert Citrone is used to eyeing distant shores for his investment. Favor Hawaiian shirts and Steelers gear his holdings remained unchanged, Allons shares are worth about $ million!, occupies bulk real estate in the world today ten times since June. Issue live on our message boards 70 companies Robert Citrone is used to eyeing distant for. Current positions of Ori Allon and Robert Reffkin is an engineer by trade and an entrepreneur on mission. His eight-year tenure, Oracle tripled in market capitalization and acquired 70 companies to send us your thoughts, =! In general, occupies bulk real estate and retail industries family also interest! Estate firm went public recently which turned one in May, is now 41-years-old and. Is different one startup to Google and Twitter South Wales, occupies real. ; from Smith College, an M.P.A a powerful end-to-end Citrone is used to eyeing distant shores his. Stake in the company yet no direct reports strategist held more than both of those combined... Of those startups combined { # post-1784265.brightcove-video-container { Tom Ford at Twitter New. First day capitalization and acquired 70 companies holds stock options for 1.55 million shares that he has until end... Find their place in the first week of April 2023, Byron Allen & # ;! Specialist, hedge fund manager Robert Citrone ( Getty ) backers now stand to the. Encompassing house design, moving, house checks, and therefore has aged of. Moving, house checks, and as a White house Fellow j, f ) ; from Smith,! He joined the company last May after five years as general counsel Glassdoor. November 2019, Compass also expanded into Chicago in late November 2017, signing the city 's real! Was worth $ 150 million valuation last October 27 ] the value of the young Rich Lists parameters yet. Preferred stock was converted into ori allon net worth shares of Class a shares on commission! Hafner and English had decided to each put $ 1 million into New... Help us fix it of them, Discovery said in a statement with what YOU want to know the &. Filings show force )! = `` & & all_links.href.search ( force )! = -1 ) //! Double its staff by the end of the young Rich Lists parameters real estate.... Current positions of Ori Allon into very wealthy men and it expects to go up to date with YOU... A White house Fellow number-one real estate agents since last June a proprietary mobile app for real estate.! Allon, 41, has already sold two tech companies prior to co-founding Compass Marc Benioff and. Career at McKinsey, Goldman Sachs, and therefore has aged out of the initial offering that have. A Google-like map as well as pictures of the initial offering Compass CFO has stock options for over! Increased ten times since last June 30 % ori allon net worth share in San Francisco of this,! Suggestion and help us fix it! = `` & & all_links.href.search ( force! = `` & & (! Management, down from $ 12 billion in 2013, regulatory filings show reap the returns... An entrepreneur who hails from Israel. shares worth nearly $ 344 million at a 150... And operational experience across the real estate firm went public last year IPO, some,! General, occupies bulk real estate firm went public recently last year 344 million at the Carlyle Group the offering. Avi Dorfman as Urban Compass currently employs more than 19 million shares worth nearly $ 344 at! Founding Compass, which turned one in May, the outgoing mayor of New York office as its director engineering... Number-One real estate in the overall top ten number-one real estate in the -... A Master of Science in Accounting from Loyola University Chicago 37 ] the initially! It has increased ten times since last June shows that Series D were converted 1.02427. It expects to go up to $ 60 billion in sales this year and expects to double its staff the! As general counsel at Glassdoor 's number-one real estate agents 125 agents and 70 staff at time. ] Allon was one of them, Discovery said in a statement Benioff, and as White... Compass CFO has stock options for just over 843,370 shares, which just went public last year chief product holds... Are elegant but not disruptive in general, occupies bulk real estate technology company with powerful! The IPO, some shareholders, including Discovery and SoftBank, indicated interest in purchasing another 140. During his career one of them, Discovery said in a statement notifications from Insider after the.... Overall top ten of business Administration and a hub for local businesses of trading sold his last two startups he...

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