[53] In addition to Softbank Vision Fund, this series was led by Qatar Investment Authority,[54] which controls Qatar's sovereign wealth fund. Compass executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Prior to that, she was at Goldman Sachs. In other, more specific sections of the rich list,Zo Foster Blake makes her Rich List debut, coming in at fifth in the young entertainment/public figure list. Hart joined Compass last April after 23 years at Amazon, where his last role was at the helm of Prime Video. Compass co-founder and executive chairman Ori Allon. Amar'e Stoudemire | Net Worth & Real Estate. Josh previously held the position of president and Chief Strategy Officer at Mindbody. .podcast-banner.show_mobile { ( function( w, d, s, l, i ) { [55] Compass planned to launch in Nashville, Houston, and Denver before the end of 2018. ", "Urban Compass Comes Out Of Stealth with a Hyperlocal Social Network, And A Disruptive Rental Portal That Will Serve As A Magnet", "NYC tech start-up Urban Compass launches real estate focused site", "Hyperlocal Power: Urban Compass Raises $20M at A$150M Valuation; Adds Advance Publications And Marc Benioff As Investors", "- New York City startup Urban Compass raises $20 mln in Series A funds", "The big pivot: why Urban Compass has gone traditional", "Urban Compass Raises $40M To Expand Its Apartment Marketplace Beyond NYC", "Urban Compass Signs Lease at RFR's 90 Fifth Avenue", "Leonard Steinberg exits Douglas Elliman for Urban Compass", "The Real Trends/WSJ Thousand list for 2016 has been unveiled", "Urban Compass launches nationwide expansion push with Washington, DC, acquisition", "Compass raises $50M in Series C; now valued at $800M", "Compass opens first SoFla office on Lincoln Road", "Urban Compass picks up top team from Citi Habitats", "Compass riding $50M funding round into Boston", "Compass turns to the Hamptons, where rivals roam", "This startup that wants to blow up the real-estate market is now worth more than $1billion", "Compass Earns $1 Billion Valuation As New Unicorns Become Rarer", "This $800million startup just launched an app to make buying a home easier", "Tech company Compass acquires Shane Aspen Real Estate", "Compass to launch LA new dev division on heels of Hana Cha hire", "Compass now claims its agents account for $8B in sales -- but what's that number made of? [51] Additionally, Compass announced aggressive expansion plans to 9 more cities.[52]. Among his many leadership roles, he served as Chief Financial Officer and Chief Operating Officer at Cushman & Wakefield Americas, one of the worlds leading commercial real estate companies. oldonload(); The Marketing Center is a digital design studio for Compass agents to create customized, personalized and localized marketing materials. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Harlan Crow speaks following investigation, Yankees slugger Aaron Judge buys Manhattan penthouse, Fannie Mae keeps secret blacklist of properties, Japanese restaurant leases former Sushisamba space, The definitive guide to the Compass C-Suite. Amar'e made $167 million in salary alone during his career. | Compass is a real estate technology company with a powerful end-to-end . } Urban Compass is expected to roll out in Boston, Washington D.C., Chicago and possibly San Francisco later this year. As a macro hedge fund, Discovery has bet on broad market swings and economic trends, particularly in emerging markets. h = d.getElementsByTagName('head')[0], 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. Orhan Awatramani aka Orry (born b/w 1992-1994; Age: 28-30 years old) is a well-known fashion influencer, animator aspirant, media face, celebrities friend, and social media star from Mumbai, Maharashtra, India. HOVER TO REVEAL NET WORTH BY YEAR. Compass employs more than 25,000 agents who earn a percentage of the selling price and give a percentage of each commission to Compass, consistent with the traditional real estate brokerage business model. She was born in Germany to the American parents, and later they moved to America when she was two years old. Canvas other co-foundCameron Adams appears at 5th overall, with $1.12 billion. Allen holds the distinction of being the youngest standup comedian ever to have performed on the show. works with local real-estate agents on a commission basis. The Untold Truth Of Stray Kids Member - Hwang Hyun Bobby Flay's ex-wife Kate Connelly Wiki Bio, relat Who is Sara Ramirez husband? Why not be the first to send us your thoughts, Founded in 2012, the company is headquartered in New York City. Allon's reduced role at Compass now that it's a publicly-traded entity seems the natural progression for this serial entrepreneur. His bet on Compass and by extension the U.S. housing market hits a lot closer to home. Series B and C investors shares were converted at a one-for-10 basis, according a source with direct knowledge. Urban Compass has. document.links = document.getElementsByTagName('a'); The AFR's annual Rich List declared a "wealth boom" for the nation's top end, with the top 200 worth a combined $233 billion and the $342 million cut-off a new high. His new company, which turned one in May, is now worth more than both of those startups combined. While Allon has sold his last two startups, he says Urban Compass is different. "Coming up with an idea and creating technology is exciting, but it's more exciting to grow a company especially one customers like.". 2023 Celebrity Net Worth / All Rights Reserved. including LeFrak, the Naftali Group and the Rudin family. Allon left Google to start the company Julpan, which looked at how people shared information on social media sites. In his youth, Cassidy was academically gifted and attended third grade at age six.After graduating from high school, Cassidy attended After graduating with a degree in speech and drama, he married Margaret Helen Jesse in 1956, and they moved to Cassidy's height gave him an advantage in auditioning for . But investors like Discovery believe otherwise. Alon also reports gaining a 30% market share in San Francisco. TheAustralian Financial Reviews annual list of the wealthiest young Aussies is out for 2020, and in absolutely no surprises the Atlassian juggernaut once again reigns supreme at the top. "We've built a real business and we're growing, mostly by word of mouth. [38][39][40][41][37], In August 2016, Compass raised a Series D financing round of $75 million, led by Wellington Management, which brought its valuation higher than $1 billion. Allan previously served as an adjunct professor at the University of California, Berkeley where he taught on the subjects of computer networks, network management and network design. . During his time in the NBA, Stoudemire earned a top yearly salary of $23.4 million. 'gtm.start': Similar to what the Bloomberg application did for investment professionals or Adobe Create Suite did for design professionals, the Compass platform will over time transform the way agents do business, it said. In the past Dr. Allon held the position of Engineering Director at Twitter, Inc. and Principal at Google LLC. Prior to Shopify, Allan was Senior Vice President of Engineering at Slack from pre-IPO, transforming the way work gets done for hundreds of thousands of companies and tens of millions of users. It currently has $3.6 billion in assets under management, down from $12 billion in 2013, regulatory filings show. [28] Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. "I do not want anyone to buy me out this time," Allon says. Based on Compass' market cap at. padding-left: 16px; Photo: Orel Cohen. The firm has grown to control 4% of market share of U.S. home sales by dollar volume between 2019 and 2020. } Jimmy Fallon is known for his work on Saturday Night. Citrone started his career as a corporate-bond analyst at Fidelity in 1990 and joined Tiger in 1995. j.async = true; Allon is proud that his business has been making money since its first day. . He joined the company last May after five years as general counsel at Glassdoor. Even a little stunned. Four people who joined Compass board of directors last year hold options for 194,000 shares each, to be exercised by the end of April. IPO shares were priced at $18 USD. [33][34] Steinberg was named the agent with the highest sales volume in 2016 by Real Trends. [12] Compass was named Mid-Sized Business of the Year by the Manhattan Chamber of Commerce in 2015. She has two siblings named Robyn and Shannon. Over the next two years, Compass said agents invested $70 million in commissions to buy stock options. Ori Allon. [20] History [ edit] Compass was founded by entrepreneurs Ori Allon, Robert Reffkin and Avi Dorfman as "Urban Compass" in 2012. Founders shares are worth a combined $558M, while CTOs shares are worth $85M, Clockwise from left: Ori Allon, Robert Citrone, Robert Reffkin and Masayoshi Son (Getty/Illustration by Kevin Rebong for The Real Deal). Organization Name. Kalani received a Bachelor of Business Administration and a Master of Science in Accounting from Loyola University Chicago. [28][29], At the beginning of 2014, Compass announced it would change its overall business model by contracting independent real estate agents and taking a portion of their commissions. Compass CFO has stock options for just over 843,370 shares, which she also has until the end of April to exercise. and M.B.A. from Columbia University and worked at McKinsey, Goldman Sachs, and as a White House Fellow. Ori Allon built and sold one startup to Google, then another to Twitter. Prior to the IPO, some shareholders, including Discovery and SoftBank, indicated interest in purchasing another $140 million in shares. Robert Reffkin is an entrepreneur on a mission to help everyone find their place in the world. He holds a BS in Computer Science from the University of Colorado at Boulder. Learn how and when to remove this template message, 2020 Webby Peoples Voice Award for Real Estate, "Avi Dorfman's 8-year battle with Compass is finally over", "Compass Raises $50M at An $800M Valuation Led By IVP To Supersize Its Real Estate Platform", "Our regional offices, from coast to coast", "Compass Inc. Form 10K for fiscal year ended 31 December 2021", "Tech Startup or Real-Estate Broker? Tom Ford. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. if(document.links[t].hasAttribute('onClick') == false) { } Real estate technology firm Compass Inc. - founded by Australian entrepreneur Ori Allon - has reportedly been valued $1 billion or more by US financial markets. Ori Allon | $384.8 million The brokerage's co-founder and chief strategist held more than 19 million shares worth nearly $344 million at the start of trading. He has a notoriously messy office, according to a 2013 Wall Street Journal profile, but makes extremely precise bets in a number of areas. He envisions a service encompassing house design, moving, house checks, and a hub for local businesses. Urban Compass currently employs more than 100 people full-time and it expects to double its staff by the end of the year. The most active insiders traders include Jr Charles E Phillips, Frank Martell, and Robert L. Reffkin. CEO Robert Reffkin acknowledged that the softening of the equity markets contributed to the decision not to enter new markets in 2019. 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. 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; In August, it announced it acquired San Francisco-based luxury real estate company Pacific Union International Inc. Pacific Union was ranked fifth largest real estate broker in the U.S. according to sales volume with over $14 billion in closed deals during 2017, according to a ranking by Colorado-based consulting firm Real Trends. 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. And that is none more evident than in the 2020 AFR Young Rich List, which was released earlier this afternoon. Allan Leinwand is Chief Technology Officer at Shopify, joining in 2021 to lead the engineering teams. The following is a list of acquisitions by Compass: Language links are at the top of the page across from the title. Some Rich Listers have since become much richer: the Greensills . Access your favorite topics in a personalized feed while you're on the go. Urban Compass' home sales business, which launched last fall, has grown five times faster than its initial rental business, Allon says. img#wpstats{display:none} From March 2017 to January 2022, Frank Martell served as President and Chief Executive Officer of CoreLogic, after serving in the Chief Financial Officer and Chief Operating Officer roles after joining CoreLogic in 2011. } The IPO turned its two founders, Robert Reffkin and Ori Allon into very wealthy men. [61], Compass Bridge Loan Services provides access to bridge loan lenders, with the option to get up to six months of the loan payments fronted when the home is sold with a Compass agent. display: none !important; Agents were given the chance to buy shares pre-IPO at the initial offering price of $18 per share through a directed share program run by one of the underwriters, Morgan Stanley, which committed to take 7.25 million shares as part of the offering. "Coming up with an idea and creating technology is exciting, but it's more exciting to grow a company especially one customers like. Regulatory filings show that after its initial investment, Discovery increased its wager on Compass in 2018, investing $15 million in a Series F that was led by SoftBank and the Qatar Investment Authority. In 2012, he and his wife, Cindy, became minority owners of the Pittsburgh Steelers. Her father was an opera singer. 'Our technology will change the industry for the better in the long run,' he wrote on Twitter. Prior to joining Infor, Charles was president of Oracle Corporation and a member of its board of directors. Dr Allon started up Compass, which describes itself as 'the first modern brokerage, pairing the industrys top talent with technology to make the real estate experience more intelligent and seamless', after selling one of his companies to Twitter. display: none !important; 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. Prior to founding Compass, Allon sold startups to Google and Twitter. (function() { anthony simonsen bowling center las vegas / yorktown high school principal fired / compass real estate commission split A 2018 $1 billion investment, famous backers, and a series of acquisitions the company made give weight to Allons rosy forecasts. Jeff spent 11 years at the helm of leading online retailer and manufacturer, Shutterfly, Inc. [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 hedge fund led by Robert Citrone held 33.5 million shares worth $603 million as trading began. var oldonload = window.onload; change_link = true; Allon served on Compass' board of directors until this February; he is worth an estimated $401 million. The two play important roles at the firm, but Allon is who we're talking about today. Hong Kong's 50 Richest (2023) Personal Stats. That was an improvement over 2019, in which the business posted a net loss . Compass won the 2020 Webby Peoples Voice Award for Real Estate in the category Web. Ori Allon is a technologist and entrepreneur who, throughout his career, has built software-driven businesses that generate personalized experiences for the everyday consumer. He was inspired to enter the world of real estate by his mother, Ruth, a longtime agent who now proudly works at Compass. ", raised $20 million at a $150 million valuation. Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. Frank serves on the global board of directors of Operation HOPE, a best-in-class provider of financial literacy empowerment for youth, financial capability for communities, and financial dignity for all. Billionaires (2023) #47. Compass also expected many of its agents to participate in the initial offering. As of this writing, Ori has a $405 million stake in the company yet no direct . window.onload = func; Urban Compass has raised a $40 million series B round at a valuation that exceeds $360 million. w[ l ] = w[ l ] || []; [9][10], Compass has raised a total of US$1.5billion[11] from investors such as Founders Fund, Wellington Management and Institutional Venture Partners,[7] Fidelity Investments,[5] Dragoneer Investment Group, Canada Pension Plan Investment Board and SoftBank Vision Fund. The firm also hired Leonard Steinberg, a top-ranked real estate broker, from Douglas Elliman to serve as its president. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. [19], Compass went public on April 1, 2021 with a valuation of $8.22 billion. } He ran 50 marathons in 50 states to raise $1 million dollars for charities including for America Needs You, the non-profit he founded to serve young people living below the poverty line who are the first in their families to go to college. [42][43] The company also launched a new mobile app that offers real-time data on the real estate market. s = d.createElement('script'); Compass CEO and co-founder owned 8.6 million shares of Class A stock before he rang the opening bell Thursday. Prior to this, Google bought his search algorithm Orion and he headed up his own team that helped introduce the technology to the search engine. Mr. McCarter holds a B.A. The brokerages co-founder and chief strategist held more than 19 million shares worth nearly $344 million at the start of trading. And thats up from the mark he was at last year of $13.22 billion. Ori Alon net worth is $1.7 Million Ori Alon Wiki: Salary, Married, Wedding, Spouse, Family . Source of Wealth Electronics, Self Made. That year, its returns were up 15 percent through the first half of the year, among the best performances by a big hedge fund, according to news reports. It has a market cap of around $3.2-billion. Reffkins family also expressed interest in purchasing $18.5 million worth of shares ahead of the initial offering. Before Compass began trading, its biggest investor owned close to 127 million shares worth $2.28 billion. [60], The Compass Concierge program assists in selling a home by covering the cost of home improvements to prepare the home for market. As of 2023, Allen Iverson had a net worth of $1 million. [50], In November 2017, Compass announced $100 million in Series E investment by Fidelity Investments,[5] followed by the December 7, 2017 announcement of a $450 million investment by Softbank Vision Fund, bringing the company valuation to $2.2 billion. Sacramento Kings take huge 2-0 lead over reigning NBA champion Warriors in Round 1 playoff series as Draymond Green is ejected for STOMPING on Domantas Sabonis, Moment female 'people smuggler', 38, FLIRTS with Texas trooper and says he's handsome before he arrests her for transporting two women from El Salvador, Philadelphia 76ers take 2-0 lead over Brooklyn in NBA playoffs as Tyrese Maxey shines with 33 points - after Nets squandered half-time lead to leave themselves with a mountain to climb in Round 1 series, Gervonta Davis and Ryan Garcia agree to bet their ENTIRE purse on result of super-fight this weekend as pair put everything on the line in Instagram Live clip - with 189,000 fans watching, Owner of limo company at center of one of America's deadliest crashes in which 20 people were killed is set to go on trial. var force = ''; Ori's background working in technology includes serving as Director of Engineering at Twitter, founding Julpan which was acquired by Twitter, and founding Orion which was acquired by Google. Allons ambitions go beyond the current offering of the platform. Steve serves on the board of Atlassian and is a trustee at Santa Clara University. Not counted in the total is an additional 1.24 million shares that he will receive if he meets certain performance conditions. function external_links_in_new_windows_loop() { The directors are Eileen Murray, co-CEO of Bridgewater Associates and previously an executive at Morgan Stanley and Credit Suisse; former Oracle president Charles Phillips; LinkedIns CFO Steven Sordello; and Pamela Thomas-Graham, who was previously Credit Suisses CMO and CEO of CNBC Television and CNBC.com. If his holdings remained unchanged, Allons shares are worth about $385 million. Previously, Allan was Chief Technology Officer at ServiceNow, and has co-founded and held senior leadership positions at multiple companies and was also a venture capital investor for seven years. } Josh previously served as president of Arbitech, LLC from 2003 to 2010, Chief Operating Officer of SpaFinder, Inc. from 2000 to 2002 and Vice President of Business and International Development of Autobytel from 1996 to 2000. You can peep the top ten, and specialised lists, below: 6 Folks Shared Their Vape Withdrawal Stories & Yup, Im Never Sucking On That Digi Durry Again, Throw On Your Pink Jacket And Call Your Summer Love Cos The Grease Prequel Just Dropped, WATCH: Picking Drinks W/ A Certified Vibe Wrangler, Here Are Some Self-Development Tips If Youve Made Your Bed And Still Feel Sad, 7 Experiences You Must Absolutely Do In Malaysia At Least Once In Yr Life, We Asked A Dr What The Physical & Mental Effects Of Vaping Are Cos Who Knows Whats In Them, Sign up with your Facebookor Linkedin account, Please select at least one of the following options to continue. [62][63], The Compass Coming Soon program pre-markets properties on compass.com. Throughout her career, Pamela served as Chief Marketing Officer and on the executive board at Credit Suisse, Group President Liz Claiborne, and President and Chief Executive Officer of both CNBC Television and CNBC.com. 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). She holds an A.B. "I do not want anyone to buy me out this time," Allon says. The company set aside about 7 percent of its Class A shares, or about 1.75 million shares worth $31.5 million, for agents. Dawanna Williams is the Founder and Managing Principal of Dabar Development Partners a real estate development firm that offers modern living solutions with intelligent planning, architectural ingenuity, and environmental integrity. Compass, Inc. is an American licensed real estate broker that utilizes the Internet as a marketing medium with the use of real estate technology. Charles Phillips is the former CEO and Chairman of Infor, the third-largest business software applications company in the world. // console.log('Changed ' + all_links.href); Number of Current Jobs 1. On average, Compass executives and independent directors trade stock every 4 days with the average trade being worth of $297,073. [56], In November 2019, Compass announced its plan to open its India Development Centre in Hyderabad. Discovery invested in Compass the following year, joining Salesforces Marc Benioff and Advance Publications in the startups $40 million Series B. The investment was led by Institutional Venture Partners. change_link = false; How Allen Iverson Earned His Fortune. Sign up for notifications from Insider! Do not sell or share my personal information. var d = document, UPDATE: This story was updated to include more details on the conversion of Class B, C and D shares. } ()); .custom-menu-item a { document.links[t].setAttribute('onClick', 'javascript:window.open(\''+all_links.href+'\'); return false;'); (A third person, Avi Dorfman, claims he also cofounded Compass and is suing for an equity. Before Oracle, he was a Managing Director at Morgan Stanley in the Technology Group and also served on the companys board of directors. { 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. func(); Allon's. It also previously misstated Ori Allon and Kenneth Chenaults titles. His success landed him on the BRW Young Rich List last year with a personal wealth of $261 million. Ori Alon Net Worth Ori Alon Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. Residence Hong Kong . [20], Compass was founded by entrepreneurs Ori Allon, Robert Reffkin and Avi Dorfman as Urban Compass in 2012. change_link = false; Greg has extensive experience building and managing large, globally distributed teams comprising business line leaders, marketers, product managers, UX designers, engineers, machine learning and speech scientists. /*