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What is Tim O’Shaughnessy’s Net Worth and Salary?
Tim O’Shaugnessy is an American businessman and CEO who has a net worth of $100 million {dollars}. Tim O’Shaughnessy’s first earned consideration as one of many founders of the favored each day deal web site LivingSocial. In November 2015 he was named President and CEO of Graham Holdings.
Early Life
Born in Minnesota in 1981, O’Shaughnessy grew up in a family of enterprise individuals. His father ran a small enterprise for 30 years and he watched his grandfather begin and run an almost dozen completely different corporations. Tim grew up hoping to play skilled baseball and run his personal handyman and lawnmower companies for his group. He earned the nickname “Stat Man” as a child due to his math abilities and talent to recite data off baseball playing cards. O’Shaughnessy earned a bachelor’s diploma from Georgetown University in Washington, D.C. in 2004.
Career
After graduating he labored as a product supervisor at AOL. Two years later he moved to an organization referred to as Revolution Health. While working as VP for Revolution Health, Tim and a few co-workers launched a sequence of Facebook apps.
LivingSocial
In 2007 O’Shaughnessy, Aaron Batalion, Eddie Frederick and Val Aleksenko, all co-workers at Revolution Health, created a website that initially was referred to as Hungry Machine. In 2009 they acquired BuyYourFriendADrink.com and subsequently launched a each day offers web site for what was now referred to as LivingSocial.
Around this time, rival each day offers website Groupon had change into very talked-about. Groupon went public in June 2011. It was the largest web IPO since Google in 2004.
By 2011 LivingSocial had raised $800 million in enterprise capital and was valued at $4.5 billion. That yr the corporate misplaced $500 million on round $240 million in income. This would show to be the corporate’s peak. At its peak in 2011, LivingSocial had 4,500 workers and was valued at $6 billion. By 2015 the corporate had 800 workers. In 2016 the corporate laid off its remaining workforce.
Revenues topped $350 million in 2012. The firm misplaced $650 million that yr. By 2014 revenues have been $230 million and losses had been trimmed to round $100 million.
In early 2014 Tim O’Shaughnessy introduced he would step down as LivingSocial’s CEO after seven years with the enterprise.
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Graham Holdings
In November 2014 Tim was elected to the board of The Graham Holdings Company (GHC). GHC is a diversified conglomerate that owns manufacturers comparable to Slate, Kaplan, a handful of tv reveals and even eating places and automotive dealerships. Tim was named CEO and President on November 12, 2015.
Salary and Stock Holdings
According to a GHC SEC submitting, Tim earned $9.6 million in whole compensation in 2020.
Tim and his spouse – who’s a scion of the Graham family, personal a major quantity of firm shares. According to SEC filings, Tim and his spouse personal 4.2% of the corporate’s Class B share, with Tim personally proudly owning round 22,000 shares. In whole their Class B stake is value round $130 million as of this writing. They additionally personal roughly 5% of the corporate’s Class A shares.
Personal Life
Tim is married to Laura Graham O’Shaughnessy. Laura’s father, Donald E. Graham, is almost all proprietor of Graham Holdings Company. Doanld’s mom was the legendary Katharine Graham, who led The Washington Post from 1963 to 1991 and was performed by Meryl Streep within the 2017 movie “The Post”.
Tim and Laura dwell in Washington, D.C. and have three youngsters.
All web worths are calculated utilizing information drawn from public sources. When supplied, we additionally incorporate non-public suggestions and suggestions obtained from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as potential, until in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button beneath.
