Pierre Omidyar

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Philanthropist, Entrepreneur (1967)
Wed Jan 29 2020
By   Jack

Pierre Morad Omidyar, aka Pierre Omidyar, is an American billionaire, computer scientist, philanthropist, and entrepreneur. The founder of e-Bay and its chairman from 1998-2015, turned billionaire with its initial IPO.

Omidyar was born on June 21, 1967, in Paris, France, to father Cyrus Omidyar and mother, Elahe Mir-Djalali Omidyar. He attended The Potomac School but graduated high school from St. Andrew's Episcopal School in 1984. He graduated in computer science from Tufts University in 1988.

Wife: Pamela Kerr

The tech billionaire is married to Pamela Kerr. The married couple currently lives in their house in Honolulu, Hawaii. They have three children together like Samantha Hegseth.

Omidyar with wife, Pamela Kerr. Know more about their marriage, wedding celebration, honeymoon and children
Image: Omidyar with his wife, Pamela
Source: medalofphilanthropy

The lovely pair are very generous with their wealth and are often seen together in charities. There isn't much information regarding how and where they met.

Net Worth, Properties & Investments

Omidyar's net worth is $13.2 billion as of 2020, according to Forbes. He turned into a billionaire at the age of 31 when eBay went public in 1998.

eBay bought PayPal in 2002 while Omidyar was the chairman. He currently owns 5% of eBay, which has a market capitalization of over $27.2 billion. He also owns 6% of PayPal, which has a market capitalization of around $83 billion.

Omidyar founded Omidyar Network in 2004, where he put $1.4 billion for his philanthropist efforts. He has vowed to donate much of his riches to charity.

The philanthropist also owns resort properties in southern California and Mexico. He has real estate in Cabo San Lucas, Mexico, which is in the development phase. He also an estate in Henderson, Nevada, and Honolulu, Hawaii.

The billionaire also is the founder of First Look Media. Then the company has a news site The Intercept and the entertainment company Topic Studios under its umbrella.

Philanthropy Efforts 

Omidyar and his wife Pamela founded the Omidyar Network in 2004. It is a philanthropic investment firm dedicated to improving lives around the world. The network invests and scales innovative organizations to help bring economic, political, and social change.

The organization has donated more than $1 billion to the Omidyar Network. The network also donated $100 million to the Tufts University to create the Omidyar-Tufts Microfinance Fund.

Pierre and Pamela are also big investors to fight against human trafficking. They have donated around $115 million to the cause in five different countries.

pierre and pamela receiving award
Image: Pierre and Pamela after receiving Carnegie Medal of Philanthropy Award
Source: yahoofinance

Pierre and Pamela received a Carnegie Medal of Philanthropy Award for their efforts. They are only one of 11 recipients.

Road To Becoming a Billionaire

After graduating from Tufts University, Omidyar worked for Claris, which was a subsidiary of Apple Computer. He worked there in the team that upgraded MacDraw to MacDraw II.

The computer science graduate co-founded Ink Development, which was a pen-based computing startup. It was later re-branded to a e-commerce company and named eShop. Microsoft later acquired eShop for $50 million on June 11, 1996, from which he earned $1 million.

Omidyar at eBay
PIcture: Omidyar at eBay in the beginning
Source: eBay

Before the sale of eShop, in 1995, the 28 years old started writing a code base for and online place to enable person to person sale. The site was released on September 4, 1995, as Auction Web. Auction web was renamed by Omidyar as eBay in 1997. By that time, the site was hosting 800,000 auctions a day.

In addition, eBay launched its Initial Public Offering (IPO) in September 1998, which made Omidyar a billionaire.

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