Niraj Shah
Niraj Shah | |
|---|---|
| Born | 1973 or 1974 (age 49–50)[1] |
| Nationality | American |
| Education | Cornell University |
| Occupation | Businessman |
| Known for | Co-founder, co-chairman & CEO, Wayfair |
| Board member of | Wayfair Federal Reserve Bank of Boston |
| Spouse | Jill Shah |
| Children | 2 |
Niraj S. Shah (Hindi: नीरज शाह) (born 1973/1974) is an Indian-American billionaire businessman, and co-founder, co-chairman, and CEO of online retailer Wayfair.
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
- ^ a b c "Executive Profile: Niraj S. Shah". Bloomberg LP. Retrieved June 29, 2019.
- ^ "Forbes profile: Niraj Shah". Forbes. Retrieved 11 October 2020.
- ^ a b c d e f Fernandes, Dierdre (March 10, 2017). "Five things you should know about Niraj Shah". The Boston Globe. Retrieved June 29, 2019.
- ^ "Wayfair founders Niraj Shah and Steve Conine at Entrepreneurship Summit NYC 2013". Cornell University. December 11, 2013. Retrieved June 29, 2019.
- ^ "Wayfair CEO Niraj Shah: We've been a big beneficiary of internet disruption". CNBC. August 8, 2017. Retrieved June 29, 2019.
- ^ "Niraj Shah". Fortune. May 9, 2014. Retrieved June 29, 2019.
- ^ "#1168 Niraj Shah". Forbes. June 1, 2019. Retrieved June 29, 2019.
- ^ "Alternative medicine directory Jill's List acquired by California-based Mindbody". Boston.com. Retrieved June 29, 2019.