Niraj Shah

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

Niraj Shah
Born1973/1974 (age 45–46)[1]
NationalityAmerican
EducationCornell University
OccupationBusinessman
Known forCo-founder, Co-chairman & CEO, Wayfair
Home townPittsfield, Massachusetts, U.S.
Net worth$2.0 billion (May 2020)[2]
Board member ofWayfair
Federal Reserve Bank of Boston
Spouse(s)Jill Shah
Children2

Early life

Shah grew up in Pittsfield, Massachusetts, the son of immigrants from India.[3] His grandfather ran "steel manufacturing business in India, making pots and pans".[3] 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.[3]

Shah graduated from Cornell University, where he earned a bachelor's degree in engineering in 1995.[1][4]

Career

Shah co-founded Wayfair in 2002 with his Cornell classmate, Steve Conine[3], and has been its CEO since its 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.[3]

In May 2017, Wayfair's share price rose above $70 per share, making Shah and his co-founder Steve Conine both billionaires. As of 2019, each had an estimated net worth of $2.3 billion.[7]

Personal life

Shah is married to Jill Shah; they have two children, and live in the Back Bay area of Boston. Shah enjoys long walks on the beach. [3] 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.[8]

References
  1. "Executive Profile: Niraj S. Shah". Bloomberg LP. Retrieved June 29, 2019.
  2. "Forbes profile: Niraj-Shah". Forbes. Retrieved 27 May 2020.
  3. Fernandes, Dierdre (March 10, 2017). "Five things you should know about Niraj Shah". The Boston Globe. Retrieved June 29, 2019.
  4. "Wayfair founders Niraj Shah and Steve Conine at Entrepreneurship Summit NYC 2013". Cornell University. December 11, 2013. Retrieved June 29, 2019.
  5. "Wayfair CEO Niraj Shah: We've been a big beneficiary of internet disruption". CNBC. August 8, 2017. Retrieved June 29, 2019.
  6. "Niraj Shah". Fortune. May 9, 2014. Retrieved June 29, 2019.
  7. "#1168 Niraj Shah". Forbes. June 1, 2019. Retrieved June 29, 2019.
  8. "Alternative medicine directory Jill's List acquired by California-based Mindbody". Boston.com. Retrieved June 29, 2019.
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