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. 1. [20], Compass was founded by entrepreneurs Ori Allon, Robert Reffkin and Avi Dorfman as Urban Compass in 2012. Discovery owns 4.5 million shares of data analysis company Palantir, for example, a stake currently valued at $107.7 million. The startupworks with local real-estate agents on a commission basis. 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). // forced 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 . HOVER TO REVEAL NET WORTH BY YEAR. 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. 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. Play it now! His impressive resume also includes a stint at Twitter's New York office as its director of engineering. 7 / 9 #8: Tim Gurner Net worth: $608 million 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. Equal Housing Opportunity. A minimum net worth of $472 million would get you on to the list in 2019. As an emerging markets specialist, hedge funder Robert Citrone is used to eyeing distant shores for his next investment. Hart joined Compass last April after 23 years at Amazon, where his last role was at the helm of Prime Video. According to Compass S-1, its revenue grew 56 percent in 2020 to $3.7 billion. Allon is the technical co-founder of Compass. About Elon Musk. Since Compass launched in 2012, its raised more than $1.5 billion from investors including Joshua Kushners Thrive Capital, Salesforce CEO Marc Benioff, former American Express CEO Kenneth Chenault and developers Miki Naftali and LeFrak. if(force != '' && all_links.href.search(force) != -1) { or debate this issue live on our message boards. } else { Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. Allan Leinwand is Chief Technology Officer at Shopify, joining in 2021 to lead the engineering teams. It also previously misstated Ori Allon and Kenneth Chenaults titles. h = d.getElementsByTagName('head')[0], (The firm did not disclose the 2020 figure.). Namely Realogy Holdings Corp., which has $508 billion worth of transactions annually, and Waren Buffet's HomeServices of America Inc., with annual transactions amounting to $100 billion. Forbes Lists #2405. f.parentNode.insertBefore( j, f ); 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? Allon's. 'gtm.start': [32] Currently, he is Executive Chairman at this company. Though theres comparative daylight between the number one and two spots, the quote-unquote runners up in this years list still command an absolute shedload of cash. }; 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. Stay up to date with what you want to know. One year after founding Julpan, Twitter acquired the company and made Allon the director of its engineering office in New York City. Along with Discovery, those include 406 Ventures, Joshua Kushners Thrive Capital and real estate players Compass also expected many of its agents to participate in the initial offering. Ori Allon seems momentarily bothered. If his holdings remained. } When he does leave, he will do so with a nice windfall for his years with Compass. if (!document.links) { [31] Shortly thereafter, Compass signed a lease on 25,000 square feet of office space at 90 5th Avenue. I want to thank the entire Compass community across over 1,000 (!) Villa Touma (2014)as Editorial Department, Your email address will not be published. It also holds a $61 million stake in Fiserv, a financial technology company, and a $60.7 million stake in the computing giant Intel. Frank Martell serves as President and CEO of loanDepot, where he leads the team in service of its mission to serve customers throughout the home ownership journey. .podcast-banner.show_mobile { [7] Compass is the first company to have built a proprietary mobile app for real estate agents. if(document.links[t].hasAttribute('onClick') == false) { The filing showed significant growth in 2020revenue jumped 56%, to $3.7 billionbut also a $270 million annual loss. Compass has promoted its "20/20 by 2020" plan, by which it would gain 20 percent market share in the top 20 markets by 2020. // console.log('Changed ' + all_links.href); The next biggest shareholders are co-founder Ori Allon, CEO Robert Reffkin and CTO Joseph Sirosh. Her father was an opera singer. Ankerbrandt joined Compass in 2018 after 12 years at the Carlyle Group. window.onload = func; In 2012, he and his wife, Cindy, became minority owners of the Pittsburgh Steelers. During his time in the NBA, Stoudemire earned a top yearly salary of $23.4 million. 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. At Compass, our mission is to help everyone find their place in the world. Compass Co-Founder Robert Reffkin In Prime Position To Become America's Next Black Billionaire. [20] History [ edit] Compass was founded by entrepreneurs Ori Allon, Robert Reffkin and Avi Dorfman as "Urban Compass" in 2012. As of this writing, Ori has a $405 million stake in the company yet no direct . 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. 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. // console.log('force ' + all_links.href); Ori Allon is the Co-Founder & Chief Strategist at Compass. Compass, the dominating real estate firm went public recently. He holds a BS in Computer Science from the University of Colorado at Boulder. "A compensation expert for Dorfman argued that as of June 2017 Dorfman was entitled to between 2 million and 2.2 million shares, or roughly 6 to 7 percent of the company, based on Reffkin and co . 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. 2023 Celebrity Net Worth / All Rights Reserved. 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; Urban Compass is expected to roll out in Boston, Washington D.C., Chicago and possibly San Francisco later this year. But unlike many of . Addresses are shown on a Google-like map as well as pictures of the homes. While Allon has sold his last two startups, he says Urban Compass is different. Heres the value of key investors holdings in Compass, based on Thursdays closing price and the owners of Class A shares listed in the companys filings with the U.S. Securities and Exchange Commission. Cardboard tycoon Anthony. [17] [18] His net worth stood at $500 million following the IPO of his company. Many investors convertible preferred stock was converted into Class A shares on a one-for-one basis after the IPO. . . Everyone wins, he said. img#wpstats{display:none} Prior to the IPO, some shareholders, including Discovery and SoftBank, indicated interest in purchasing another $140 million in shares. It lost $270 million last year, down from $388 million in 2019. var all_links = document.links[t]; Touni's estimated net worth is $10 million. cities in the USA - it's all thanks to YOU! 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? [8], Compass operates in 20 U.S. markets including New York, Philadelphia, and Boston. 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It currently has $3.6 billion in assets under management, down from $12 billion in 2013, regulatory filings show. It's his third startup, after selling one company to Google and another to Twitter. var change_link = false; Its unclear if the investors followed through. And online gambling mogulLaurence Escalanteslots in at sixth with a net worth just shy of a billion. And that is none more evident than in the 2020 AFR Young Rich List, which was released earlier this afternoon. In conjunction with that investment, at $118 per share, Discovery also made a tender offer and bought $23 million worth of stock from prior investors. Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. The proud daughter of a real estate agent, Neda is focused on bringing Compass's mission to life across the United States. is now a Fortune 500 company! "I do not want anyone to buy me out this time," Allon says. // Load When he was a 26-year-old Ph.D. student at Australia's University of New South Wales, he wrote the algorithm for the Orion search engine. Since April, the company's value has dropped by more than 40 percent, with its share price hitting an all-time low of $11.16 on Monday before closing at $11.18. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Bad office debt grows at M&T, but bank still in good shape, Taconic sells Lower East Side retail condos, topping midsize i-sales, Compass IPO means payday for these investors, The definitive guide to the Compass C-Suite. Jimmy Fallon is known for his work on Saturday Night. [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. An hour later, Hafner and English had decided to each put $1 million into a new . The firms general counsel holds just over 810,000 shares, though 88 percent are stock options he has to exercise by the end of April. All valuations are ruled off in the first week of April. The hedge fund led by Robert Citrone held 33.5 million shares worth $603 million as trading began. Jimmy Fallon has a net worth of $60 million. [51] Additionally, Compass announced aggressive expansion plans to 9 more cities.[52]. var ignore = 'https://imgix.pedestrian.tv'; As a macro hedge fund, Discovery has bet on broad market swings and economic trends, particularly in emerging markets. [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]. That's amazing -. 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Start Date. The following is a list of acquisitions by Compass: Language links are at the top of the page across from the title. Compass Insights is a dashboard that contains key data points agents need to craft marketing strategies, uncover new lead-generation opportunities, and invest accordingly in the positioning of their listings. 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. Ryan DeBolt Net Worth Diego Barrueco - Who is this handsome Spanish mode All About Leven Rambin: Ex Husband, Net Worth, Mea post production engineer / post production technician. This is a major milestone, let alone for a young company like Compass, which just went public last year. /* ]]> */ Today, the funds portfolio is dominated by tech and healthcare picks, according to WhaleWisdom, which collects data on asset managers. Jobs. Number of Current Jobs 1. [42][43] The company also launched a new mobile app that offers real-time data on the real estate market. var oldonload = window.onload; .postid-1764461 .sidebar-widget.popular-jobs-widget{ [28] Real Time Net Worth. Though Compass priced its stock at $18 more conservative than the $23 to $26 per share it initially targeted it closed at $20.15 on its first day of trading. Orion is now an integral part of how Google's search works. The IPO turned its two founders, Robert Reffkin and Ori Allon into very wealthy men. It is backed by Softbanks Vision Fund, the most visible venture firm operating today. We keep track of highly successful entrepreneurs and [Ori] Allon was one of them, Discovery said in a statement. 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