Niraj Shah is the co-founder and CEO of Wayfair, an online furniture retailer headquartered in Boston.
Born in 1974 to Indian immigrants, Shah grew up in Pittsfield, Massachusetts. He met his future Wayfair co-founder, Steve Conine, in high school, and the two friends went on to attend Cornell University together.
Before starting CSN Stores—which would later become Wayfair—Shah and Conine founded enterprise software company, Simplify Mobile, which they sold in 2001. Shah was also the entrepreneur-in-residence for venture capital firm, Greylock Partners, chief operating officer at subscription-based learning site, iXL, and co-founder of the integrated technology and design company, Spinners, acquired by iXL in 1998.
The pair started CSN Stores in 2002, and they launched Wayfair.com in 2011.
Under Shah and Conine’s guidance, Wayfair quickly grew into a successful online retailer. The company now offers over 18 million products between five brands, Wayfair, AllModern, Birch Lane, Joss & Main and Perigold.
Wayfair went public in 2014, and when share prices rose above $70 in 2017, both founders became billionaires.
Fortune Magazine featured Shah on its 40 Under 40 list in 2013. He sits on the boards of the Federal Reserve Bank of Boston, the Greater Boston Chamber of Commerce and the Massachusetts Competitive Partnership.
Shah holds a degree in engineering from Cornell, and he resides in Boston, Massachusetts with his wife, Jill, and their two children.
What is Niraj Shah's net worth?
The estimated net worth of Niraj Shah is at least $16.64 million as of October 9th, 2023. Shah owns 299,137 shares of Wayfair stock worth more than $16,640,991 as of December 6th. This net worth evaluation does not reflect any other investments that Shah may own. Additionally, Shah receives a salary of $751,220.00 as CEO at Wayfair. Learn More about Niraj Shah's net worth.
How old is Niraj Shah?
Shah is currently 49 years old. There are 5 older executives and no younger executives at Wayfair. The oldest executive at Wayfair is Dr. Thomas Netzer, Chief Operating Officer, who is 53 years old. Learn More on Niraj Shah's age.
What is Niraj Shah's salary?
As the CEO of Wayfair Inc., Shah earns $751,220.00 per year. The highest earning executive at Wayfair is Ms. Kate Gulliver, CFO & Chief Administrative Officer, who commands a salary of $1,440,000.00 per year. Learn More on Niraj Shah's salary.
How do I contact Niraj Shah?
Has Niraj Shah been buying or selling shares of Wayfair?
In the last ninety days, Niraj Shah has sold $534,200.00 of Wayfair stock. Most recently, Niraj Shah sold 10,000 shares of the business's stock in a transaction on Monday, October 9th. The shares were sold at an average price of $53.42, for a transaction totalling $534,200.00. Following the completion of the sale, the chief executive officer now directly owns 299,137 shares of the company's stock, valued at $15,979,898.54. Learn More on Niraj Shah's trading history.
Who are Wayfair's active insiders?
Wayfair's insider roster includes Jon Blotner (Insider), Michael Choe (Director), Steven Conine (Insider), Michael Fleisher (CFO), Kate Gulliver (CFO), Michael Kumin (Director), Edmond Macri (Insider), James Miller (CTO), John Mulliken (CTO), Thomas Netzer (COO), Steve Oblak (Insider), James Savarese (COO), Anke Schaferkordt (Director), Niraj Shah (CEO), and Fiona Tan (CTO). Learn More on Wayfair's active insiders.
Are insiders buying or selling shares of Wayfair?
During the last twelve months, insiders at the sold shares 47 times. They sold a total of 275,303 shares worth more than $14,875,827.83. The most recent insider tranaction occured on December, 4th when Director Anke Schaferkordt sold 12 shares worth more than $692.88. Insiders at Wayfair own 26.8% of the company.
Learn More about insider trades at Wayfair. Information on this page was last updated on 12/4/2023.