Niraj Shah

Niraj Shah
Born Niraj S. Shah
1973/1974 (age 43–44)[1]
Residence Back Bay, Boston, U.S.
Nationality American
Alma mater Cornell University
Occupation businessman
Known for CEO and co-founder, Wayfair
Net worth $1.37 billion (June 2017)
Spouse(s) Jill Shah
Children 2

Niraj S. Shah (born 1973/74) is an American billionaire businessman, and the CEO and co-founder of online retailer Wayfair.

Early life

Shah grew up in Pittsfield, Massachusetts, the son of immigrants from India.[2] His grandfather ran "steel manufacturing business in India, making pots and pans".[2] His father worked for General Electric as a mechanical engineer, and after his retirement, joined Wayfair early on, providing financial advice, and still works for the company.[2]

Shah graduated from Cornell University, where he earned a bachelor's degree in engineering in 1995.[1][3]

Career

Shah co-founded Wayfair in 2002 with his Cornell classmate, Steve Conine[4], and has been its CEO since inception.[1][5]

Shah was included in the Fortune list of "40 under 40" for 2013.[6]

In 2017, Shah became a director of the Federal Reserve Bank of Boston.[2]

In June 2017, with Wayfair's rising share price Shah and his co-founder Steve Conine both became billionaires, each with a net worth of $1.37 billion.[7][8]

Personal life

Shah is married to Jill Shah; they have two children, and live in the Back Bay area of Boston.[2][9] In 2013, Jill Shah sold her alternative medicine directory Jill's List, which employed 7 people, to California-based Mindbody, and now runs their Boston office.[9]

References

  1. 1 2 3 "Executive Profile: Niraj S. Shah". Bloomberg LP. Retrieved 30 December 2017.
  2. 1 2 3 4 5 "Five things you should know about Niraj Shah - The Boston Globe". Retrieved 30 December 2017.
  3. ↑ "Wayfair founders Niraj Shah and Steve Conine at Entrepreneurship Summit NYC 2013". Cornell University. Retrieved December 30, 2017.
  4. ↑ "Five things you should know about Niraj Shah - The Boston Globe". BostonGlobe.com. Retrieved 2018-04-12.
  5. ↑ "Wayfair CEO Niraj Shah: We've been a big beneficiary of internet disruption". CNBC. Retrieved 30 December 2017.
  6. ↑ "Niraj Shah". 9 May 2014. Retrieved 30 December 2017.
  7. ↑ "Wayfair Founders Turn Six-Year Spending Spree Into $2.74 Billion". 21 June 2017. Retrieved 30 December 2017 – via www.bloomberg.com.
  8. ↑ "Wayfair Co-Founder Niraj Shah Achieves Billionaire Status - INDIA New England News". 22 June 2017. Retrieved 30 December 2017.
  9. 1 2 "Alternative medicine directory Jill's List acquired by California-based Mindbody". Boston.com. Retrieved 30 December 2017.
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