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Billionaire Watch

Airbnb co-founder, Brian Chesky gains over $7 billion in just a few days

The CEO of the room-sharing service company with more than 5 million listings has gained more than $7 billion dollars in the past week.

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Airbnb plans $30 billion IPO valuation

Airbnb has made its investors and more obviously, its founder CEO, Brian Chesky, the richest gainers in the past week.

Brain Chesky, the CEO of the room-sharing service company with more than 5 million listings has gained more than $7 billion dollars in the past week.

  • The 39-year-old tech entrepreneur now has a net worth of $11.9 billion.

READ: Airbnb says Crypto, Blockchain key to future success

What you should know about Airbnb and it’s founder

According to the company’s December 2020 S-1/A filing, Brian Chesky owns about 67.2 million shares in the world’s most exciting stock. Brain Chesky owns an additional 9.2 million options in the company. After the company began trading on December 10, 2020, Chesky’s net worth increased by over $7 billion.

READ: Elon Musk closes in on Jeff Bezos for world’s richest man title

  • The tech entrepreneur was born on August 29, 1981. After graduating from the Rhode Island School of Design, he moved to California and rented a flat with classmate Joe Gebbia. Running short of rent in October 2007, they sold sleeping spaces in their apartment and decided to commercialize the idea leading to the birth of Airbnb.
  • He started Airbnb about twelve years ago with Nathan Blecharczyk and Joe Gebbia is believed to have raised about $6.4 billion in the private markets, according to PitchBook data.
  • Following a remarkable comeback, the company’s share began trading on at its debut for $146 per share, more than double its initial public offer price and values the business at more than $100 billion.
  • The recent valuation of Airbnb represents a major leap, taking into account its previous valuation high of $31 billion in a 2017 financing round.
  • At its present trading valuation, Airbnb is more valuable than Uber, and more than two leading hospitality giants, Hilton and Marriott combined.
  • Nairametrics, some days ago did an in-depth analysis on why it felt the Brian’s Chesky company’s IPO might be worth your money.
    Though Airbnb’s seeming entry into the public market looks new, the business has built a consistent pathway of generating impressive revenue, that it’s closest rivals (Bookings, Expedia) would turn green at.

READ: PayPal, Square make top 10 list of most valuable U.S banks

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Follow Olumide on Twitter @tokunboadesina or email [email protected] He is a Member of the Chartered Financial Analyst Society.

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Billionaire Watch

Elon Musk’s SpaceX is exploring the merits of buying Bitcoin

SpaceX, a company founded by Elon Musk is exploring the merits of buying Bitcoin, according to MicroStrategy CEO, Michael Saylor.

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Elon Musk needs $20 billion wealth gain to clinch world's richest man title

MicroStrategy CEO, Michael Saylor, has revealed that SpaceX, a company founded by Elon Musk, is exploring the merits of buying Bitcoin.

Saylor revealed that top representatives from SpaceX were among 7,000 companies represented at MicroStrategy’s recent Bitcoin seminar, which the leading business intelligence company organized to aid companies interested in buying Bitcoin as a treasury asset.

READ: Bitcoin bounces back after losing $13,000 in a space of 2 days

“We had people from SpaceX there. We had people [from] some of Elon Musk’s companies. We had people from Marathon there.

“The ones you would expect were there, but of course, there’s an avalanche of private companies, and there were a decent number of public companies and treasurers and CFOs that were lurking.

“Some don’t want to have their names mentioned, as you can imagine, because it’s a sensitive topic,” Saylor said.

READ: Panic in crypto market as over $140 billion got wiped off

However, a significant number of traditional finance experts are not buying into the flagship crypto bullish run, as they see little value in the digital currency on the account that they believe Bitcoin, and other leading cryptos are just part of a larger speculative bubble.

Recent reports suggest SpaceX raised another $850 million this month from a group of leading institutional investors led by Sequoia Capital.

  • Such investment now puts SpaceX’s valuation at $74 billion, a 60% jump from August, and helped boost Musk’s net worth by about $11 billion, according to the index.
  • A November 15, 2016 filing with the Federal Communications Commission revealed that the tech billionaire owned 54% of SpaceX.

READ: Tesla loses $200 billion in market value following Bitcoin investment

Micheal Saylor has always been a strong fan of the world’s most popular crypto asset and he thus shares the bias that companies can use Bitcoin to hedge against future fiat inflation and allow them to plug into a revolutionary and superior monetary network.

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Billionaire Watch

Jeff Bezos is world’s richest man, as Elon Musk loses $15 billion in a day

Jeff Bezos has once again become the world’s richest person for the second time this month.

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The race for the world’s richest person on earth has obviously become very volatile, particularly in the month of February.

Jeff Bezos, the founder of Amazon the world’s biggest online retail company, has once again become the world’s richest person for the second time this month, after surpassing Elon Musk some hours ago, according to the real-time data retrieved from the Bloomberg Billionaire index.

Bezos’s current wealth valuation of $186 billion has seen his personal wealth, which mostly comes from Amazon stocks, immune against record sell-offs as seen in Tesla stock price in the past few days.

READ: Top 5 billionaires lost $8 billion in a day

Elon Musk has fallen to 2nd position, as he is currently worth $184 billion, taking into consideration his net worth plunged by $15.2 billion on Tuesday, as Tesla shares lost about 8.55% in value.

The drop in Elon Musk’s wealth after Tesla stopped taking new orders for the lowest-priced version of its Model Y.

However, stock experts have not ruled the car company out, on the account, it gained 743% last year.

READ:  Tips that will help you win in business – Amazon Founder 

That being said, Amazon had continued to stay more stable like a valued stock coupled with the properly managed team created by Jeff Bezos while he reigned at Amazon as its CEO.

  • Under Jeff Bezos’s tenure as the chief executive officer of the e-commerce giant, actually ranked second among all S&P stocks since the IPO in May 1997.
  • Amazon is the world’s biggest online retailer company. The American-based company sells books, household goods, and other retail products through its flagship platform.

The company also controls the Whole Foods grocery chain and offers video streaming services. It remains the biggest cloud computing provider worldwide.

The 57-year-old billionaire’s present wealth valuation would presently buy 102 million troy ounces of gold or 2.79 Billion barrels of crude oil.

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