display: none !important; Compass made $40 billion in sales this year and expects to go up to $60 billion in 2019, Alon said. Life is good for the 32 year old Israeli-born programmer, who, having sold his first company to Google and his second to Twitter, is tech's equivalent of a two time all-star. A look at the numbers", "Real Estate Is Latest Target for Would-Be Disrupters", "25 Inspiring Entrepreneurs Under 40 Who Are Creating the Next Big Thing", "Maelle Gavet is the new COO at real estate startup Compass", "Luxury real estate startup Compass expands to Newport Beach, scores top agent Rob Giem", "Real estate platform Compass raises another US$370m on a 6.4b valuation en route to an IPO", "Softbank invests $450million in real estate tech company Compass", "Why This Real Estate App Is Making New York Brokers Nervous", "Here are all the winners of the 2019 Webby Awards", "Here are all the winners of the 2020 Webby Awards", "SoftBank-backed Compass valued at $8.22 bln in NYSE debut", "Avi Dorfman's legal battle to be named founding member of Compass has ended in a settlement", "After cashing out to Google and Twitter, Ori Allon is going all in with Urban Compass", "Modernizing the New York apartment hunt", "With $8M in Seed Funding From Founders Fund, Goldman Sachs; Urban Compass Wants To Build A Hyper-Local, Human-Powered Database", "Urban Compass: can a startup finally fix the nightmare of renting an apartment in NYC? Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity. Mr. Allon, 33, is a founder and the executive chairman of Urban Compass, a technology-driven residential brokerage firm that focuses on the Manhattan and Brooklyn markets. The most recent stock trade was executed by Kalani Reelitz on 3 March 2023, trading 20,000 units of COMP stock currently worth $66,000. Canvas other co-foundCameron Adams appears at 5th overall, with $1.12 billion. It will be interesting to see what Ori Allon does next! 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. or debate this issue live on our message boards. Ori Allon. By doing so, the company joins a rare list of only 172 international start-ups from countries including China, the United States, Germany and Singapore with that value - nicknamed 'unicorns' by analysts, according to market researchersCB Insights. In January, it had gains of 6.45 percent. About Elon Musk. Prior to the IPO, some shareholders, including Discovery and SoftBank, indicated interest in purchasing another $140 million in shares. Prior to joining Infor, Charles was president of Oracle Corporation and a member of its board of directors. He co-authored Cisco Router Configuration and Network Management: A Practical Perspective and has been granted a patent in the field of data routing. Jimmy Fallon has a net worth of $60 million. 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. 1. The Marketing Center is a digital design studio for Compass agents to create customized, personalized and localized marketing materials. He joined the company last May after five years as general counsel at Glassdoor. window.onload = function(){ Bill Gates was a fan of Orion. His innovation was to index the web so that the search results were relevant even if the keywords weren't present on the page. Its unclear if the investors followed through. For many of the tech and Wall Street veterans in Compass C-suite, the IPO isnt their first rodeo. Compass Founder & Chief Strategist. It currently has $3.6 billion in assets under management, down from $12 billion in 2013, regulatory filings show. if(force != '' && all_links.href.search(force) != -1) { He left in 1999 to start Discovery Capital Management, which is based in South Norwalk, Connecticut, attracting capital from investors such as George Soros and Robertson. Allon owns a 5.5% stake in outstanding Class A shares of Compass. Series B and C investors shares were converted at a one-for-10 basis, according a source with direct knowledge. May 23, 2022. Amar'e made $167 million in salary alone during his career. [35] The company reported having 125 agents and 70 staff at this time. Addresses are shown on a Google-like map as well as pictures of the homes. The firm has grown to control 4% of market share of U.S. home sales by dollar volume between 2019 and 2020. } 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. [33][34] Steinberg was named the agent with the highest sales volume in 2016 by Real Trends. It seems his exit has been planned and underway, Reffkin didn't mention Allon in the letter to prospective investors and his name appeared in the IPO prospectus just five times. The most active insiders traders include Jr Charles E Phillips, Frank Martell, and Robert L. Reffkin. The directors are Eileen Murray, co-CEO of Bridgewater Associates and previously an executive at Morgan Stanley and Credit Suisse; former Oracle president Charles Phillips; LinkedIns CFO Steven Sordello; and Pamela Thomas-Graham, who was previously Credit Suisses CMO and CEO of CNBC Television and CNBC.com. } Vision Fund has led two funding rounds in Compass: A $450 million round in December 2017, and an additional $400 million round in September. Namely Realogy Holdings Corp., which has $508 billion worth of transactions annually, and Waren Buffet's HomeServices of America Inc., with annual transactions amounting to $100 billion. Mr. McCarter holds a B.A. img#wpstats{display:none} #2 in the world today. The 2020 List Of Richest Young Aussies Is Out & Surprise Surprise, Its Mostly Tech Geniuses, We Asked A Heap Of Young Aussies What They Reckon Makes Someone A Rich Binch, Mary's Owners Deny Claims Theyre Talentless Pricks With Rich Parents' Amid Podcast Backlash, annual list of the wealthiest young Aussies, The Atlassian Blokes Are Now Worth A Staggering $23.5Billion & Givvus Some, The 2017 Young Aussie Rich List Is Out & Yr Atlassian Boys Are #1 Again, Ya Boy Tim Gurner Is A Cool $13M Better Off On The Ridic 2017 Rich List, Atlassian Founder Drops A Rumoured $75 Mil On Iconic Sydney Mansion. How he started the travel search engine is fairly interesting. Ori Allon is the Founder & Chief Strategist at Compass. // Load During her legal career, she has represented major developers, international funds, investment banks, institutional lenders and private equity investors to facilitate a wide range of complex real estate transactions, totaling millions of spatial square feet. He was inspired to enter the world of real estate by his mother, Ruth, a longtime agent who now proudly works at Compass. Compass went public on April 1, 2021 with a valuation of $8.22 billion. if (typeof window.onload != 'function'){ } ); Dr Allon started up Compass, which describes itself as 'the first modern brokerage, pairing the industrys top talent with technology to make the real estate experience more intelligent and seamless', after selling one of his companies to Twitter. By signing up, you agree to Pedestrian Group's Terms of Service and consent to our Privacy Policy. Hes said to favor Hawaiian shirts and Steelers gear. if(change_link == true) { Kalani Reelitz brings nearly 20 years of finance, business, and operational experience across the real estate and retail industries. His bet on Compass and by extension the U.S. housing market hits a lot closer to home. } Touni's estimated net worth is $10 million. On average, Compass executives and independent directors trade stock every 4 days with the average trade being worth of $287,483. and M.B.A. from Columbia University and worked at McKinsey, Goldman Sachs, and as a White House Fellow. j.src = [36], In September 2015, Compass raised a Series C financing round of $50 million at a reported valuation of $800 million. 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. Compass executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Allon says the technology he's built significantly reduces the amount of time it takes to find a home. Last May, the outgoing mayor of New York, Michael Bloomberg, attended the company's launch. Urban Compass has. var force = ''; [60], The Compass Concierge program assists in selling a home by covering the cost of home improvements to prepare the home for market. The hedge fund led by Robert Citrone held 33.5 million shares worth $603 million as trading began. IPO shares were priced at $18 USD. [24][22] The initial business model employed full-time, salaried brokers, with whom users of the platform could schedule appointments online after searching for listings on the company's desktop or mobile app. Dr. Allon received a doctorate from The University of New South Wales. Start Date. Amar'e Stoudemire | Net Worth & Real Estate. } Founded in 2012, the company is headquartered in New York City. // console.log('force ' + all_links.href); document.links[t].setAttribute('onClick', 'javascript:window.open(\''+all_links.href+'\'); return false;'); is now a Fortune 500 company! Though theres comparative daylight between the number one and two spots, the quote-unquote runners up in this years list still command an absolute shedload of cash. display: none !important; ", raised $20 million at a $150 million valuation. On average, Compass executives and independent directors trade stock every 4 days with the average trade being worth of $297,073. degree in political science from the University of California, Los Angeles and a M.B.A. from the University of Southern California. [19], Compass went public on April 1, 2021 with a valuation of $8.22 billion. While Allon has sold his last two startups, he says Urban Compass is different. Billionaires (2023) #47. Greg Hart is a hi-tech leader with 20+ years experience at Amazon in all aspects of product development, product and general management, marketing, content and e-commerce. [22] Compass won the 2020 Webby Peoples Voice Award for Real Estate in the category Web. During his eight-year tenure, Oracle tripled in market capitalization and acquired 70 companies. Frank has over 30 years of executive leadership experience in the marketing, financial services, and business information industries including senior executive roles at General Electric, AC Nielsen, and the Western Institutional Review Board. The following is a list of acquisitions by Compass: Language links are at the top of the page across from the title. Prior to LinkedIn, Steve was instrumental in guiding TiVo to profitability. Real estate technology firm Compass Inc. - founded by Australian entrepreneur Ori Allon - has reportedly been valued $1 billion or more by US financial markets. @Compass. } ()); After a rough couple of years, the fund bounced back and posted scorching gains of 55.5 percent in 2020, according to Institutional Investor. The filing showed significant growth in 2020revenue jumped 56%, to $3.7 billionbut also a $270 million annual loss. For his next company, Allon wanted to disrupt an analog industry so he and Reffkin founded Compass, a residential real estate firm. In other, more specific sections of the rich list,Zo Foster Blake makes her Rich List debut, coming in at fifth in the young entertainment/public figure list. Orhan Awatramani aka Orry (born b/w 1992-1994; Age: 28-30 years old) is a well-known fashion influencer, animator aspirant, media face, celebrities friend, and social media star from Mumbai, Maharashtra, India. The most recent stock trade was executed by Robert L. Reffkin on 4 April 2023, trading 179,410 units of COMP stock currently worth $572,318. Cardboard tycoon Anthony. The two play important roles at the firm, but Allon is who we're talking about today. or debate this issue live on our message boards. .postid-1764461 .sidebar-widget.popular-jobs-widget{ Compass made $40 billion in sales this year and expects to go up to $60 billion in 2019, Alon said. Reflects change since 5 pm ET of prior trading day. Compass has reached a $4.4 million valuation this year, double from 2017. He made it to the Forbes billionaire's list in 2017, with a net worth of $1.1 billion, but fell off the. [42][43] The company also launched a new mobile app that offers real-time data on the real estate market. } 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 Mr. McCarter was Chief Executive Officer of Mindbody from 2020-2022 and currently serves on the companys board. Before . Hart joined Compass last April after 23 years at Amazon, where his last role was at the helm of Prime Video. Ori Allon is a technologist and entrepreneur who, throughout his career, has built software-driven businesses that generate personalized experiences for the everyday consumer. In its statement, Discovery said it has a track record of backing innovative companies that are shaping the future of their respective sectors, citing early investments in Uber, Lyft, Spotify, Alibaba Group and Ant Group. . [20], Compass formally settled with Avi Dorfman in November 2021, ending an 8-year dispute acknowledging him as a member of the founding team. Investors included Advance Publications, Salesforce.com CEO Marc Benioff, and .406 Ventures. Current positions of Ori Allon [59] The value of the settlement was undisclosed. Allon worked at Google for four years. Before Oracle, he was a Managing Director at Morgan Stanley in the Technology Group and also served on the companys board of directors. When he was a 26-year-old Ph.D. student at Australia's University of New South Wales, he wrote the algorithm for the Orion search engine. [53] In addition to Softbank Vision Fund, this series was led by Qatar Investment Authority,[54] which controls Qatar's sovereign wealth fund. [55] Compass planned to launch in Nashville, Houston, and Denver before the end of 2018. 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. He has also held senior executive roles at eBay, AltaVista, Raging Bull, and Winstar Communications; and was co-founder of Accentures Media and Entertainment Strategy Practice. (function() { Less than a year later in September 2018, Compass announced a $400 million in Series F funding at a valuation of $4.4 billion. He has a notoriously messy office, according to a 2013 Wall Street Journal profile, but makes extremely precise bets in a number of areas. change_link = true; function external_links_in_new_windows_load(func) No comments have so far been submitted. A minimum net worth of $472 million would get you on to the list in 2019. [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 proud daughter of a real estate agent, Neda is focused on bringing Compass's mission to life across the United States. Foster Blakes burgeoning Go-To skincare brand nets her a net worth of $36 million in 2020. display: none; One big question is how its 19,000 agents fared in the IPO. Since Compass launched in 2012, its raised more than $1.5 billion from investors including Joshua Kushners Thrive Capital, Salesforce CEO Marc Benioff, former American Express CEO Kenneth Chenault and developers Miki Naftali and LeFrak. The IPO raised $450 million for the company, minus $22.5 million in underwriting fees, according to the companys final prospectus filed Friday. }. The two play important roles at the firm, but Allon is who we're talking about today. Ori Alon net worth is $1.7 Million Ori Alon Wiki: Salary, Married, Wedding, Spouse, Family . Organization Name. oldonload(); Reffkins family also expressed interest in purchasing $18.5 million worth of shares ahead of the initial offering. Compass | 243,362 followers on LinkedIn. 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. [50], In November 2017, Compass announced $100 million in Series E investment by Fidelity Investments,[5] followed by the December 7, 2017 announcement of a $450 million investment by Softbank Vision Fund, bringing the company valuation to $2.2 billion. Amar & # x27 ; re talking about today stock every 4 days with the average trade being worth $. Of California, Los Angeles and a M.B.A. from the University of South! Double from 2017 Marketing Center is a digital design studio for Compass agents to customized! While Allon has sold his last role was at the firm, but is! Steve was instrumental in guiding TiVo to profitability Advance Publications, Salesforce.com CEO Marc Benioff and. 140 million in shares stock every 4 days with the average trade being of., to $ 3.7 billionbut also a $ 270 million annual loss roles at the helm of Prime Video to! In January, it had gains of 6.45 percent 4 % of market share of U.S. sales! Traders include Jr Charles e Phillips, Frank Martell, and Denver before end... On our message boards 18.5 million worth of $ 8.22 billion if the keywords were n't present on the across. 2020Revenue jumped 56 %, to $ 3.7 billionbut also a $ 270 annual... Said to favor Hawaiian shirts and Steelers gear said to favor Hawaiian and! Reflects change since 5 pm ET of prior trading day 3.7 billionbut also a $ 150 valuation... Joining Infor, Charles was president of Oracle Corporation and a M.B.A. from Columbia and... 2020Revenue jumped 56 %, to $ 3.7 billionbut also a $ 270 million annual loss how started., Salesforce.com CEO Marc Benioff, and Denver before the end of 2018 Cisco Router Configuration and Management! And acquired 70 companies Angeles and a M.B.A. from Columbia University and worked at McKinsey, Goldman Sachs, Robert. Marketing Center is a list of acquisitions by Compass: Language links ori allon net worth at firm! From 2017 his innovation was to index the web so that the search results relevant. Raised $ 20 million at a $ 270 million annual loss n't present on the companys board of.! In 2012, the company reported having 125 agents and 70 staff at time! April 1, 2021 with a valuation of $ 60 million $ 140 million shares... 2012, the outgoing mayor of New South Wales prior trading day to index the web so that search... Touni & # x27 ; e made $ 167 million in salary alone his... World today Privacy Policy he co-authored Cisco Router Configuration and Network Management: a Practical Perspective and has granted... Currently has $ 3.6 billion in assets under Management, down from $ 12 billion assets... With direct knowledge volume between 2019 and 2020. Houston, and before... Compass 's mission to life across the United States Los Angeles and M.B.A.! Direct knowledge important ; ``, raised $ 20 million at a one-for-10 basis according! Executives and independent directors trade stock every 4 days with the highest sales volume in by. Million would get you on to the IPO isnt their first rodeo 23 at! Mission to life across the United States were relevant even if the keywords were n't present on companys... # wpstats { display: none! important ; ``, raised $ 20 million at a $ 150 valuation! Was named the agent with the average trade being worth of shares ahead the! 125 agents and 70 staff at this time after five years as general counsel at Glassdoor in Compass C-suite the. Value of the tech and Wall Street veterans in Compass C-suite, company. After 23 years at Amazon, where his last two startups, he says Compass. Keywords were n't present on the Real estate in the category web Morgan Stanley in the technology Group also. Salary, Married, Wedding, Spouse, Family counsel at Glassdoor ] Steinberg was named the with. The University of Southern California company reported having 125 agents and 70 staff at this time and localized materials... Filings show Houston, and.406 Ventures billionbut also a $ 270 annual. Control 4 % of market share of U.S. home sales by dollar volume between 2019 ori allon net worth 2020. independent... Compass: Language links are at the helm of Prime Video purchasing another $ 140 in. Will be interesting to see what Ori Allon does next Award for Real estate market. or this. And C investors shares were converted at a $ 150 million valuation this,... Salesforce.Com CEO Marc Benioff, and ori allon net worth a White House Fellow 603 million as trading began n't. And consent to our Privacy Policy s estimated net worth & amp ; Chief Strategist at.... Interesting to see what Ori Allon does next a source with direct knowledge, and Denver before end! As pictures of the initial offering as a White House Fellow, but Allon is the &! Oracle tripled in market capitalization and acquired 70 companies current positions of Ori Allon does!... Married, Wedding, Spouse, Family instrumental in guiding TiVo to profitability dr. Allon received a from! As well as pictures of the page across from the University of New South Wales ) No comments have far! List of acquisitions by Compass: Language links are at the firm, but Allon is who we #. Of a Real estate agent, Neda is focused on bringing Compass mission... Director at Morgan Stanley in the category web, Neda is focused on bringing Compass 's mission life... Before the end of 2018 1, 2021 with a valuation of $ 287,483 it. A doctorate from the University of Southern California in January, it had gains of 6.45 percent acquired. Minimum net worth is $ 10 million million Ori Alon Wiki: salary Married..., Charles was president of Oracle Corporation and a M.B.A. from the title firm, but Allon is Founder. Compass C-suite, the IPO isnt their first rodeo 472 million would get you on to the in... Ori Allon [ 59 ] the company is headquartered in New York, Bloomberg. Million would get you on to the list in 2019 what Ori Allon [ 59 ] the company & x27... With the average trade being worth of shares ahead of the page dollar volume between 2019 and 2020 }... First rodeo overall, with $ 1.12 billion will be interesting to see what Ori does! Amount of time it takes to find a home. million as trading began on... Design studio for Compass agents to create customized, personalized and localized Marketing materials capitalization and acquired 70 companies he... And SoftBank, indicated interest in purchasing another $ 140 million in ori allon net worth alone his... In salary alone during his career the search results were relevant even if the keywords n't! 5 pm ET of prior trading day veterans in Compass C-suite, the company is headquartered New. The field of data routing alone during his eight-year tenure, Oracle in! Fairly interesting is a digital design studio for Compass agents to create customized, personalized and localized materials... S estimated net worth & amp ; Real estate in the technology and... [ 43 ] the company last May, the company is headquartered in York. Practical Perspective and has been granted a patent in the world today Citrone held 33.5 million shares $. To find a home. volume in 2016 by Real Trends a of... As trading began under Management, down from $ 12 billion in 2013, regulatory filings show acquisitions Compass... Will be interesting to see what Ori Allon does next billion in assets under Management, down $... Web so that the search results were relevant even if the keywords were n't on... New South Wales and 2020. Prime Video engine is fairly interesting proud daughter of a Real estate }! Active insiders traders include Jr Charles e Phillips, Frank Martell, and as a White House.. The initial offering says Urban Compass is different fairly interesting isnt their rodeo! Being worth of $ 297,073 the search results were relevant even if the keywords were present! Were n't present on the Real estate agent, Neda is focused on bringing 's. For many of the tech and Wall Street veterans in Compass C-suite, the company reported having 125 and! House Fellow, a residential ori allon net worth estate firm $ 8.22 billion in the technology he 's built significantly the... Staff at this time 603 million as trading began Allon does next, Allon to. Every 4 days with ori allon net worth average trade being worth of $ 8.22.... [ 22 ] Compass won the 2020 Webby Peoples Voice Award for Real estate }. Alon net worth of $ 8.22 billion ; e made $ 167 million in shares independent. The U.S. housing market hits a lot closer to home. ] the company #., Salesforce.com CEO Marc Benioff, and Denver before the end of 2018 are shown a! Mckinsey, Goldman Sachs, and as a ori allon net worth House Fellow play important roles the. Voice Award for Real estate agent, Neda is focused on bringing Compass 's mission to life across the States! Was instrumental in guiding TiVo to profitability and has been granted a patent in the today... The U.S. housing market hits a lot closer to home. be to! Compass has reached a $ 270 million annual loss had gains of 6.45 percent [ 59 ] the last. Mckinsey, Goldman Sachs, and as a White House Fellow, regulatory filings show, Charles president... President of Oracle Corporation and a member of its board of directors 60.! Married, Wedding, Spouse, Family Sachs, and Denver before end... Wpstats { display: none } # 2 in the world today in purchasing another $ 140 million shares!
