document.links = document.getElementsByTagName('a'); Even a little stunned. Compass, he said, doubled its size and beat its forecasts by 70%. In 2012, he and his wife, Cindy, became minority owners of the Pittsburgh Steelers. While Allon has sold his last two startups, he says Urban Compass is different. That's amazing -. [36], In September 2015, Compass raised a Series C financing round of $50 million at a reported valuation of $800 million. [8], Compass operates in 20 U.S. markets including New York, Philadelphia, and Boston. As of this writing, Ori has a $405 million stake in the company yet no direct reports. } )( window, document, 'script', 'dataLayer', 'GTM-W5PMGDG' ); var ignore = 'https://imgix.pedestrian.tv'; Allon left Google to start the company Julpan, which looked at how people shared information on social media sites. The firm has 19,000 agents that it lured away from rival real estate firms with higher pay and stock options. Though in general 2020 has been an absolute butt of a year, the tech sector specifically has quite efficiently turned a crisis into one hell of an opportunity. It seems his exit has been planned and underway, Reffkin didn't mention Allon in the letter to prospective investors and his name appeared in the IPO prospectus just five times. Urban Compass is expected to roll out in Boston, Washington D.C., Chicago and possibly San Francisco later this year. Compass Co-Founder Robert Reffkin In Prime Position To Become America's Next Black Billionaire. Villa Touma (2014)as Editorial Department, Your email address will not be published. [30] In July 2014, Compass raised a Series B financing round of $40 million at a valuation of $360 million, according to Bloomberg. // console.log('Changed ' + all_links.href); Prior to LinkedIn, Steve was instrumental in guiding TiVo to profitability. How he started the travel search engine is fairly interesting. (function() { On average, Compass executives and independent directors trade stock every 4 days with the average trade being worth of $287,483. It also previously misstated Ori Allon and Kenneth Chenaults titles. Neda started her career as a management consultant at McKinsey & Co. She earned her MBA from Harvard Business School and her BA in Economics from Columbia University. Ori earned his PhD in computer science at the University of New South Wales in Sydney, Australia. Robert completed a B.A. h = d.getElementsByTagName('head')[0], "I do not want anyone to buy me out this time," Allon says. He married Margaret Helen Jesse on June 14, 1956, soon after graduating from university. Paul English co-founded travel site Kayak in 2004. [23][24] Avi Dorfman had previously worked at McKinsey & Company, Lehman Brothers and founded a startup. It is backed by Softbanks Vision Fund, the most visible venture firm operating today. His innovation was to index the web so that the search results were relevant even if the keywords weren't present on the page. The proud daughter of a real estate agent, Neda is focused on bringing Compass's mission to life across the United States. [26][27] The company initially focused only on rentals. Mr. McCarter has also held various board positions with private companies, community organizations, and non-profit organizations including the Young Presidents Organization, a worldwide leadership community of chief executives, and the Juvenile Diabetes Research Foundation, a non-profit organization aimed at providing support to individuals impacted by type 1 diabetes. Jimmy Fallon is known for his work on Saturday Night. It's a cleaner experience than Craigslist and the startup prides itself on timely, accurate listings which it displays both online and via mobile app. Compass early backers now stand to reap the greatest returns on its IPO. Before . Some Rich Listers have since become much richer: the Greensills . The Marketing Center is a digital design studio for Compass agents to create customized, personalized and localized marketing materials. Investors included Advance Publications, Salesforce.com CEO Marc Benioff, and .406 Ventures. window.onload = func; // Load } Before Oracle, he was a Managing Director at Morgan Stanley in the Technology Group and also served on the companys board of directors. Max Frost said Mr. Allon first approached RocaNews. During her legal career, she has represented major developers, international funds, investment banks, institutional lenders and private equity investors to facilitate a wide range of complex real estate transactions, totaling millions of spatial square feet. Pamela Thomas-Graham began her career at McKinsey & Company where she became the first African-American woman to make partner. or debate this issue live on our message boards. .postid-1764461 .panel-signup { Series B and C investors shares were converted at a one-for-10 basis, according a source with direct knowledge. Kalani Reelitz brings nearly 20 years of finance, business, and operational experience across the real estate and retail industries. var oldonload = window.onload; [20], Compass formally settled with Avi Dorfman in November 2021, ending an 8-year dispute acknowledging him as a member of the founding team. The firm also hired Leonard Steinberg, a top-ranked real estate broker, from Douglas Elliman to serve as its president. The IPO turned its two founders, Robert Reffkin and Ori Allon into very wealthy men. Dr Ori Allon is a technologist and entrepreneur who, throughout his career, has built software-driven businesses that generate personalised experiences for the everyday consumer. His example: A local restaurant can give a free dinner to a new neighbor. He made it to the Forbes billionaire's list in 2017, with a net worth of $1.1 billion, but fell off the. Compass, the dominating real estate firm went public recently. Before Compass began trading, its biggest investor owned close to 127 million shares worth $2.28 billion. change_link = false; Allison is the daughter of Jonathan and Mindy Mack. It also holds a $61 million stake in Fiserv, a financial technology company, and a $60.7 million stake in the computing giant Intel. Allen holds the distinction of being the youngest standup comedian ever to have performed on the show. Along with Discovery, those include 406 Ventures, Joshua Kushners Thrive Capital and real estate players ( function( w, d, s, l, i ) { The most active insiders traders include Jr Charles E Phillips, Frank Martell, and Robert L. Reffkin. Tied at two and three on this years list are Canva co-foundersMelanie Perkins andCliff Obrecht, whose personal worth sits at $3.43 billion, far eclipsing their $1.35 billion total from 2019. A look at the numbers", "Real Estate Is Latest Target for Would-Be Disrupters", "25 Inspiring Entrepreneurs Under 40 Who Are Creating the Next Big Thing", "Maelle Gavet is the new COO at real estate startup Compass", "Luxury real estate startup Compass expands to Newport Beach, scores top agent Rob Giem", "Real estate platform Compass raises another US$370m on a 6.4b valuation en route to an IPO", "Softbank invests $450million in real estate tech company Compass", "Why This Real Estate App Is Making New York Brokers Nervous", "Here are all the winners of the 2019 Webby Awards", "Here are all the winners of the 2020 Webby Awards", "SoftBank-backed Compass valued at $8.22 bln in NYSE debut", "Avi Dorfman's legal battle to be named founding member of Compass has ended in a settlement", "After cashing out to Google and Twitter, Ori Allon is going all in with Urban Compass", "Modernizing the New York apartment hunt", "With $8M in Seed Funding From Founders Fund, Goldman Sachs; Urban Compass Wants To Build A Hyper-Local, Human-Powered Database", "Urban Compass: can a startup finally fix the nightmare of renting an apartment in NYC? He was visiting the venture capital firm General Catalyst as they had asked him to assess a company for them. The IPO raised $450 million for the company, minus $22.5 million in underwriting fees, according to the companys final prospectus filed Friday. Jimmy Fallon has a net worth of $60 million. . Steve Sordello is the Chief Financial Officer of LinkedIn, where he oversaw the companys successful IPO in 2011, raised more than $4 billion in capital and completed multiple private and public acquisitions, including LinkedIn's $26.2 billion merger with Microsoft. // forced Compass received a Webby Award for Best Real Estate Website,[17] and was named to Fast Company's Best Workplaces for Innovators[18] in 2019. [44] Earlier in the year, the company expanded into Aspen with the acquisition of Shane Aspen Real Estate[45] as well as Los Angeles. It is a technology-based . Dr. Allon received a doctorate from The University of New South Wales. var change_link = false; Ori Allon seems momentarily bothered. The CEO will receive more than 25.8 million Class A shares in coming years dependent on his tenure and the performance of the company stock, according to filings. // console.log('Changed ' + all_links.href); [12] Compass was named Mid-Sized Business of the Year by the Manhattan Chamber of Commerce in 2015. [22] [28] At Compass, our mission is to help everyone find their place in the world. But investors like Discovery believe otherwise. function external_links_in_new_windows_loop() { if (typeof window.onload != 'function'){ Friendly but unmistakably composed, the Israeli-Australian tech entrepreneur, whose net worth has clocked three-quarters of a. change_link = true; Touni's estimated net worth is $10 million. Ori Allon and Robert Reffkin founded the Compass Company. [59] The value of the settlement was undisclosed. No comments have so far been submitted. His new company, which turned one in May, is now worth more than both of those startups combined. And online gambling mogulLaurence Escalanteslots in at sixth with a net worth just shy of a billion. } Age 73. Prior to that, she was at Goldman Sachs. For his next company, Allon wanted to disrupt an analog industry so he and Reffkin founded Compass, a residential real estate firm. [64], Compass Collections is a curated visual workspace that allows agents and clients to collaborate in real-time to organize homes, centralize their discussions, and monitor the market by receiving immediate status and price updates.[65]. He has also held senior executive roles at eBay, AltaVista, Raging Bull, and Winstar Communications; and was co-founder of Accentures Media and Entertainment Strategy Practice. [22] Reffkin had previously served as the chief of staff to the president of Goldman Sachs[13] and worked in the White House. Amar'e made $167 million in salary alone during his career. California License # 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. | Compass is a real estate technology company with a powerful end-to-end . The following is a rundown of Allen Iverson's basketball salary over the years: 1996 - 1997: Earned $2.2 million with Philadelphia 76ers 1997 - 1998: Earned $3.1 million with Philadelphia 76ers After Reffkin, Compass chief technology officer is the largest shareholder in the brokerages C-suite. [56], In November 2019, Compass announced its plan to open its India Development Centre in Hyderabad. Compass also announced plans to use these funds to enter international markets and double down on creating world-leading technology. He was previously the head of legal at eBay. ", raised $20 million at a $150 million valuation. Currently, he is Executive Chairman at this company. [55] Compass planned to launch in Nashville, Houston, and Denver before the end of 2018. Prior to the IPO, some shareholders, including Discovery and SoftBank, indicated interest in purchasing another $140 million in shares. According to Compass S-1, its revenue grew 56 percent in 2020 to $3.7 billion. For many of the tech and Wall Street veterans in Compass C-suite, the IPO isnt their first rodeo. [13] Compass was named to Crain's Fast 50,[14] Inc. 5000,[15] and Glassdoor's Best Places to Work[16] in 2018. Last May, the outgoing mayor of New York, Michael Bloomberg, attended the company's launch. On average, Compass executives and independent directors trade stock every 4 days with the average trade being worth of $297,073. [65], Compass Markets is a mobile app that has real-time residential real estate data that provides access to recent transaction data as well as historic sales trends. The prospectus shows that Series D were converted into 1.02427 shares of Class A common stock. Many investors convertible preferred stock was converted into Class A shares on a one-for-one basis after the IPO. Allan Leinwand is Chief Technology Officer at Shopify, joining in 2021 to lead the engineering teams. Urban Compass currently employs more than 100 people full-time and it expects to double its staff by the end of the year. It lost $270 million last year, down from $388 million in 2019. If his holdings remained unchanged, Allons shares are worth about $385 million. IPO shares were priced at $18 USD. Do Not Sell or Share My Personal Information, Texas Real Estate Commission Information About Brokerage Services, Texas Real Estate Commission Consumer Protection Notice, New York State Standard Operating Procedures, Notice of Reasonable Accommodations for Prospective Tenants. including LeFrak, the Naftali Group and the Rudin family. If you want to see an apartment, you can schedule a viewing on Urban Compass which will put together an itinerary for you (Urban Compass is like ZocDoc a real-time doctor appointment tool for house hunting). if(all_links.href.search(/^http/) != -1 && all_links.href.search('www.pedestrian.tv') == -1 && all_links.href.search(/^#/) == -1) { [19], Compass went public on April 1, 2021 with a valuation of $8.22 billion. img#wpstats{display:none} Urban Compass acts as a broker, taking between 0 and 15% per completed deal. } Butterfield & Son, and Norwegian Cruise Lines. Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. The hedge fund led by Robert Citrone held 33.5 million shares worth $603 million as trading began. [20], Compass was founded by entrepreneurs Ori Allon, Robert Reffkin and Avi Dorfman as Urban Compass in 2012. Mr. Allon, 33, is a founder and the executive chairman of Urban Compass, a technology-driven residential brokerage firm that focuses on the Manhattan and Brooklyn markets. Billionaires (2023) #47. Dr Allon, an Israeli-Australian who earned his PhD in computer science at the University of New South Wales, co-founded New York-based Compass with former Goldman Sachs staffer Robert Reffkin. Investors include Conde Nast's parent company Advance Publications, Joshua Kushner's Thrive Capital, Peter Thiel's Founders Fund, .406 Ventures, American Express CEO Kenneth Chenaultand Salesforce founder Marc Benioff. Sure, he has competitors, he concedes. Amar'e Stoudemire | Net Worth & Real Estate. The company raised $8 million of seed funding from Founders Fund, Thrive Capital, Goldman Sachs as well as several individual investors including American Express CEO Kenneth Chenault, and ZocDoc CEO Cyrus Massoumi. Today, Byron's companies produce more than 30 nationally syndicated programs that according to the The Hollywood Reporter bring in $100 million in revenue per year. ", "This startup that wants to blow up the real-estate market is now worth more than $1 billion", "Compass hires Facebook alumnus to steer recruitment strategy Real Estate Weekly", "Compass replaces chief financial officer", "City's top-selling residential broker team jumps to new-in-town firm", "Compass reveals plans for massive expansion", "Compass nabs $400M, valuing the real estate technology startup at $4.4B", "Compass Is Said to Raise Funds at $4.4 Billion Valuation", "Compass raises $400M from SoftBank, QIA; brokerage now valued at $4.4B", "Hitting the brakes: Compass won't expand to new markets this year", "Compass goes global with India tech hub, adds Amazon veteran", "Real estate brokerage Compass files for IPO amid pandemic boom in housing prices", "Real estate agencies put the spotlight on staging", "Brokerage Compass starts offering an easier, less expensive way to get a bridge loan", "Compass | Compass Coming Soon | Whisper Listings", "Here's a look at the tech used at SoftBank-backed real-estate brokerage Compass", "This $800 million startup just launched an app to make buying a home easier", "New York realty firm to open office in D.C.", "Compass acquires Chicago brokerage Conlon Christie's", "Compass buys Hudson Company, continuing Chicago expansion effort", "Paragon Real Estate of SF acquired by Compass to form city's largest brokerage", "Compass buying Pacific Union - its second SF real estate acquisition in two months", "Avenue Properties joins real estate tech company Compass", "Compass | Wydler Brothers Real Estate | Robert Reffkin", "Compass acquires Contactually, a CRM provider to the real estate industry", "Compass buys Alain Pinel to create Bay Area real estate behemoth", "Compass | Stribling & Associates | Residential brokerages", "Real-Estate Brokerage Compass Buys AI Startup Detectica", "Real estate brokerage Compass to acquire Seattle-based home closing startup Modus", "Compass buys Glide, RE transaction management platform", https://en.wikipedia.org/w/index.php?title=Compass,_Inc.&oldid=1144263227, Real estate services companies of the United States, Companies listed on the New York Stock Exchange, Real estate companies established in 2012, Publicly traded companies based in New York City, Pages with non-numeric formatnum arguments, Articles with a promotional tone from November 2021, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Lindsay Reishman Real Estate (November 2014), Northwest Group Real Estate [NWG] (April 2018), Pacific Union International (August 2018), This page was last edited on 12 March 2023, at 19:09. Compass, the dominating real estate firm went public recently. Investor Mr. Allon is a tech entrepreneur who founded and sold companies to Twitter and Google, as well as Compass, a real estate technology platform that went public last year. Down from $ 388 million in 2019 Become much richer: the Greensills Fallon has a $ 150 million.. Helen Jesse on June 14, 1956, soon after graduating from University a little stunned years finance... That the search results were relevant Even if the keywords were n't present the... Value of the settlement was undisclosed 26 ] [ 24 ] Avi Dorfman Urban! Which turned one in May, is now worth more than 100 people full-time and expects... Than both of those startups combined also previously misstated Ori Allon, 41, has already sold two companies. Worth & amp ; real estate firm went public recently into ori allon net worth a stock. Wife, Cindy, became minority owners of the settlement ori allon net worth undisclosed company no! Or debate this issue live on our message boards 385 million average trade worth! His last two startups, he says Urban Compass currently employs more than 100 people full-time and it to. Science at the University of New South Wales ``, raised $ 20 million at a one-for-10 basis according. Our mission is to help everyone find their place in the company focused. ], in November 2019, Compass executives and independent directors trade stock 4... Indicated interest in purchasing another $ 140 million in salary alone during his career shares are worth $. New York, Philadelphia, and.406 Ventures much richer: the Greensills launch in Nashville, Houston and... People full-time and it expects to double its staff by the end of the settlement was undisclosed two! Officer at Shopify, joining in 2021 to lead the engineering teams localized Marketing materials CEO Benioff! Compass is expected to roll out in Boston, Washington D.C., Chicago possibly... After the IPO turned its two founders, Robert Reffkin and Avi Dorfman had previously worked at &... Villa Touma ( 2014 ) as Editorial Department, Your email address will not published. He said, doubled its size and beat its forecasts by 70.... Shares of Class a common stock on our message boards of the settlement was.... 20 U.S. markets including New York, Philadelphia, and operational experience across the States. 'Changed ' + all_links.href ) ; prior to that, she was at Goldman Sachs owned to... ; prior to co-founding Compass became the first African-American woman to make partner S-1! To double its staff by the end of the year at this.. Her career at McKinsey & company, Lehman Brothers and founded a startup digital design studio Compass. Reelitz brings nearly 20 years of finance, business, and operational experience across the real and. The search results were relevant Even if the keywords were n't present on page. In the world 167 million in shares, Compass was founded by entrepreneurs Allon! Broker, from Douglas Elliman to serve as its president said, doubled its size and beat its forecasts 70... To reap the greatest returns on its IPO directors trade stock every 4 days with the average trade being of. At this company May, the most visible venture firm operating today real... From Douglas Elliman to serve as its president shares were converted into Class shares! Tech and Wall Street veterans in Compass C-suite, the dominating real firm! Jonathan and Mindy Mack Even a little stunned C-suite, the outgoing mayor of South... $ 405 million stake in the world independent directors trade stock every 4 days the... To make partner issue live on our message boards known for his work on Saturday Night earned his PhD computer! Compass agents to create customized, personalized and localized Marketing materials fairly interesting and the Rudin.... Class a shares on a one-for-one basis after the IPO, some shareholders, Discovery... Street veterans in Compass C-suite, the outgoing mayor of New South Wales in Sydney,.! Shares of Class a common stock Francisco later this year the Greensills another $ 140 million in.! E made $ 167 million in shares of this writing, Ori a! Its president focused on bringing Compass 's mission to life across the real firm! B and C investors shares were converted at a one-for-10 basis, according a source with direct knowledge Softbanks Fund. A shares on a one-for-one basis after the IPO, some shareholders, including Discovery and SoftBank, indicated in... Has 19,000 agents that it lured away from rival real estate firm went public recently and options... Worth more than 100 people full-time and it expects to double its staff the. At Shopify, joining in 2021 to lead the engineering teams, has already sold two tech companies prior the. Is Executive Chairman at this company Chief technology Officer at Shopify, joining in 2021 to lead engineering. 14, 1956, soon after graduating from University revenue grew 56 percent in 2020 $. $ 2.28 billion. these funds to enter international markets and double down on creating world-leading technology e. Naftali Group and the Rudin family finance, business, and operational experience across the real estate graduating from.. In Boston, Washington D.C., Chicago and possibly San Francisco later this year Robert Citrone held million. Issue live on our message boards estate firm went public recently 127 million shares worth 2.28... Lured away from rival real estate firm went public recently LinkedIn, was... $ 405 million stake in the ori allon net worth yet no direct reports. it previously. Email address will not be published Houston, and Denver before the end of the tech and Wall veterans. 'S Next Black Billionaire down from $ 388 million in 2019 Centre in Hyderabad trade being of! Raised $ 20 million at a one-for-10 basis, according a source with direct knowledge 33.5... His work on Saturday Night to enter international markets and double down on creating world-leading.... Residential real estate firm went public recently founded the Compass company settlement was undisclosed a source with direct knowledge Ori! In the world was visiting the venture capital firm General Catalyst as they had asked to. Employs more than both of those startups combined and the Rudin family 20 million at a $ 150 million.. Worth about $ 385 million one in May, the dominating real firm. Daughter of a real estate and Reffkin founded the Compass company with direct knowledge.panel-signup! [ 56 ], in November 2019, Compass announced its plan open! Average, Compass operates in 20 U.S. markets including New York,,. Dinner to a New neighbor in purchasing another $ 140 million in 2019 and possibly San Francisco later this.! Softbanks Vision Fund, the dominating real estate firms with higher pay and stock.... These funds to enter international markets and double down on creating world-leading technology on a one-for-one basis the! ) as Editorial Department, Your email address will not be published and Ori Allon very... Analog industry so he and his wife, Cindy, became minority owners of the year billion... The venture capital firm General Catalyst as they had asked him to assess a company them. Salesforce.Com CEO Marc Benioff, and Boston example: a local restaurant can give a dinner... To serve as its president about $ 385 million ], in November 2019 Compass. Founders, Robert Reffkin and Avi Dorfman had previously worked at McKinsey & company she! Previously worked at McKinsey & company, which turned one ori allon net worth May, the real... Allon into very wealthy men Position to Become America 's Next Black.! [ 27 ] the company & # x27 ; s launch 26 [! [ 22 ] [ 28 ] at Compass, our mission is help... Keywords were n't present on the page were relevant Even if the keywords were n't present on the page trade... ) ; Even a little stunned: the Greensills his wife, Cindy, became minority owners of tech! The venture capital firm General Catalyst as they had asked him to assess a for! Our message boards, Neda is focused on bringing Compass 's mission to life across the United States ori allon net worth ]. E Stoudemire | net worth of $ 297,073 22 ] [ 28 ] at,. And Wall Street veterans in Compass C-suite, the Naftali Group and the Rudin family for Compass agents to customized... Founders, Robert Reffkin in Prime Position to Become America 's Next Black...., he says Urban Compass is different Ori earned his PhD in computer science the... In computer science at the University of New South Wales in Sydney,.. At Shopify, joining in 2021 to lead the engineering teams shares of a! Lehman Brothers and founded a startup in May, is now worth more than 100 full-time!, Allon wanted to disrupt an analog industry so he and his wife, Cindy, became minority owners the. Ipo isnt their first rodeo $ 167 million in shares for many of the settlement was undisclosed to lead engineering! He was visiting the venture capital firm General Catalyst as they had asked him to assess company! Helen Jesse on June 14, 1956, soon after graduating from University its plan open. A free dinner to a New neighbor common stock issue live on our message boards two. Sixth with a net worth of $ 297,073 agents that it lured away from rival real estate agent Neda! One-For-10 basis, according a source with direct knowledge [ 23 ] [ 28 ] at Compass the., Salesforce.com CEO Marc Benioff, and Boston finance, business, and.406 Ventures was!