The three young men poised to become AirBnB billionaires

Until now, Airbnb's founders have chosen to live modestly

TRD NEW YORK /
Mar.March 22, 2014 09:00 AM

 Brian Chesky, Nathan Blecharczyk and Joe Gebbia are all in their early 30s. And each of them will soon be worth more than $1 billion, Forbes reports.

The trio cofounded Airbnb, a short-term, peer-to-peer apartment rental service that’s an alternative to hotels. They’re raising a new round of financing at an estimated $10 billion valuation.

Once that fund-raising is complete, each founder will be worth a little more than $1.5 billion, Forbes’ Alex Konrad and Ryan Mac say. Chesky, 32, Blecharczyk, 30, and Gebbia, 32, will each maintain just over 15% stakes after the fund-raising, according to a Forbes source. They’ll become the first billionaires of the budding sharing economy, otherwise known as the rent-don’t-buy fad. Other startups in the space include Rent the Runway (a store that rents out designer dresses) and GetAround (borrow a neighbor’s car).

Until now, Airbnb’s founders have chosen to live modestly. Chesky often rents out his pad and opts to live in Airbnbs to test the product. He and Gebbia still live in the same apartment in which they founded Airbnb in 2008. Blecharczyk rides a bike to work.

Blecharcyzk will be the fourth-youngest billionaire, behind Mark Zuckerberg, Dustin Moskovitz, and Perenna Kei.


Related Articles

arrow_forward_ios
From left: Mayor Bill de Blasio, 54 West 39th Street, 62 Grand Street, and 208 West 30th Street (Credit: Google Maps)

The Airbnb crackdown continues: City targets three more buildings

Mayor Bill de Blasio and Stanley “Skip” Karol, an Airbnb host (Credit: Getty Images and Youtube)

Airbnb host narrowly clears hurdle in First Amendment claim against city

A West Village Airbnb listing (Credit: Airbnb)

Airbnb Luxe launched without listings in one of their biggest potential markets — why?

Brian Chesky (Credit: Richard Bord/Getty Images)

Airbnb announces relief package. Some hosts say it’s not enough

Airbnb CEO Brian Chesky (Photo by Bryan Bedder/Getty Images for Airbnb)

Airbnb suspends marketing, cuts executive pay in half

Data show where people are looking for Airbnbs, and where they are fleeing, as #COVID19 spreads across the US (Credit: AirDNA)

Escaping Covid-19: Here’s where people are fleeing — and avoiding

Lyric’s Andrew Kitchell and Joe Fraiman

Another bloodbath: Lyric to slash jobs, drop units

Sonder CEO Francis Davidson (Credit: Linkedin, iStock)

Hospitality startup Sonder slashes workforce

arrow_forward_ios
Loading...