} Number of Current Jobs 1. The CEO will receive more than 25.8 million Class A shares in coming years dependent on his tenure and the performance of the company stock, according to filings. The two play important roles at the firm, but Allon is who we're talking about today. 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. About Elon Musk. Compass does not discriminate against voucher holders pursuant to applicable law. [31] Shortly thereafter, Compass signed a lease on 25,000 square feet of office space at 90 5th Avenue. The IPO raised $450 million for the company, minus $22.5 million in underwriting fees, according to the companys final prospectus filed Friday. Touni's estimated net worth is $10 million. } )( window, document, 'script', 'dataLayer', 'GTM-W5PMGDG' ); The most recent stock trade was executed by Robert L. Reffkin on 4 April 2023, trading 179,410 units of COMP stock currently worth $572,318. 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. color: yellow!important; Tech, in general, occupies bulk real estate in the overall top ten. padding-left: 16px; Reffkins family also expressed interest in purchasing $18.5 million worth of shares ahead of the initial offering. // console.log('force ' + all_links.href); is now a Fortune 500 company! j.async = true; 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; [26][27] The company initially focused only on rentals. It currently has $3.6 billion in assets under management, down from $12 billion in 2013, regulatory filings show. The filing showed significant growth in 2020revenue jumped 56%, to $3.7 billionbut also a $270 million annual loss. Compass went public on April 1, 2021 with a valuation of $8.22 billion. Sign up for notifications from Insider! The firm also hired Leonard Steinberg, a top-ranked real estate broker, from Douglas Elliman to serve as its president. Alon also reports gaining a 30% market share in San Francisco. Charles experience as a board member is extensive. if(ignore != '' && all_links.href.search(ignore) != -1) { Dr Allon (pictured), an Israeli-Australian who earned his PhD in computer science at the University of New South Wales, co-founded New York-based Compass with Robert Reffkin. window.dm = window.dm ||{ AjaxData:[]}; The investment was led by Institutional Venture Partners. "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 . "We've built a real business and we're growing, mostly by word of mouth. Last May, the outgoing mayor of New York, Michael Bloomberg, attended the company's launch. Less than a year later in September 2018, Compass announced a $400 million in Series F funding at a valuation of $4.4 billion. [55] Compass planned to launch in Nashville, Houston, and Denver before the end of 2018. .page-id-1799240 .entry-title { [20] References [ edit] Namely Realogy Holdings Corp., which has $508 billion worth of transactions annually, and Waren Buffets HomeServices of America Inc., with annual transactions amounting to $100 billion. [23][24] Avi Dorfman had previously worked at McKinsey & Company, Lehman Brothers and founded a startup. #2 in the world today. Compass 2023. [12], Compass also expanded into Chicago in late November 2017, signing the city's number-one real estate team. Hart joined Compass last April after 23 years at Amazon, where his last role was at the helm of Prime Video. The company provides cloud applications that automate critical business processes for a broad range of industries. 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. Paul English co-founded travel site Kayak in 2004. He has a demonstrated track record leading and innovating in successively larger and more complex roles, spanning positions ranging from marketing in Amazon's early days, to product management in Amazon's media businesses, to general management of billion-dollar retail businesses, to building and launching innovative new products and services (Amazon Echo & Alexa), to leading worldwide Prime Video. Addresses are shown on a Google-like map as well as pictures of the homes. An hour later, Hafner and English had decided to each put $1 million into a new . He was visiting the venture capital firm General Catalyst as they had asked him to assess a company for them. Dr Allon also sold his social research company, Julpan, to Twitter in 2011. Currently, he is Executive Chairman at this company. Compass won the 2020 Webby Peoples Voice Award for Real Estate in the category Web. .custom-menu-item a { Ori Alon net worth is$14 Million Ori Alon Wiki: Salary, Married, Wedding, Spouse, Family Structural Info Filmography Editorial Department Editor Known for movies Numbered (2012)as Editorial Department State-Less (2017)as Editorial Department Bettone (2011)as Editor Source IMDB FacebookTwitterGoogle+LinkedInStumbleUponPinterestReddit 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. ( function( w, d, s, l, i ) { Urban Compass currently employs more than 100 people full-time and it expects to double its staff by the end of the year. Robert Reffkin is an entrepreneur on a mission to help everyone find their place in the world. Some Rich Listers have since become much richer: the Greensills . .postid-1764461 .panel-signup { new Date().getTime(), event: 'gtm.js' change_link = false; Greg Hart is a hi-tech leader with 20+ years experience at Amazon in all aspects of product development, product and general management, marketing, content and e-commerce. j = d.createElement( s ), dl = l != 'dataLayer' ? [36], In September 2015, Compass raised a Series C financing round of $50 million at a reported valuation of $800 million. Ori Allon is the Founder & Chief Strategist at Compass. Urban Compass has raised a $40 million series B round at a valuation that exceeds $360 million. Allen holds the distinction of being the youngest standup comedian ever to have performed on the show. Pamela Thomas-Graham began her career at McKinsey & Company where she became the first African-American woman to make partner. Allon worked at Google for four years. [46] Reports also cited Compass's expansion into Santa Barbara[42] and San Francisco[47] as well as several other smaller sub-markets of their other major metro areas. 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. Forbes Lists #2405. In its statement, Discovery said it has a track record of backing innovative companies that are shaping the future of their respective sectors, citing early investments in Uber, Lyft, Spotify, Alibaba Group and Ant Group. Prior to Compass Neda was the Director of Urban Systems at Sidewalk Labs, the division of Google focused on building smart cities. and M.B.A. from Columbia University and worked at McKinsey, Goldman Sachs, and as a White House Fellow. As of April 2023, Byron Allen's net worth is $800 Million. Compass CFO has stock options for just over 843,370 shares, which she also has until the end of April to exercise. Foster Blakes burgeoning Go-To skincare brand nets her a net worth of $36 million in 2020. She holds an A.B. He co-authored Cisco Router Configuration and Network Management: A Practical Perspective and has been granted a patent in the field of data routing. However, it is assumed that he has earned a decent amount of money from his carrier as a real estate broker and a former attorney. "I do not want anyone to buy me out this time," Allon says. Allison is the daughter of Jonathan and Mindy Mack. s.src = 'https://au-script.dotmetrics.net/door.js?d=' + document.location.host + '&t=other'; h.appendChild(s); Ori Alon Net Worth Ori Alon Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. He is an engineer by trade and an entrepreneur who hails from Israel. Compass also announced plans to use these funds to enter international markets and double down on creating world-leading technology. Ori Allon and Robert Reffkin founded the Compass Company. When he does leave, he will do so with a nice windfall for his years with Compass. Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. This is a major milestone, let alone for a young company like Compass, which just went public last year. 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. The IPO turned its two founders, Robert Reffkin and Ori Allon into very wealthy men. Founded in 2012, the company is headquartered in New York City. Organization Name. }. [22] Cardboard tycoon Anthony. Citrones Discovery Capital Management is Compass second-largest shareholder, with a 9.2 percent stake, according to Compass S-1, filed this week ahead of its impending public offering. Ori Allon seems momentarily bothered. // ignored w[ l ].push( { It's his third startup, after selling one company to Google and another to Twitter. As an emerging markets specialist, hedge funder Robert Citrone is used to eyeing distant shores for his next investment. Ori Allon built and sold one startup to Google, then another to Twitter. Compass Buys Pacific Union, the Fifth Largest Real Estate Broker in the U.S. Compass Buys San Francisco Brokerage Firm Paragon as Part of Bay Area Expansion. 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. Addresses are shown on a Google-like map as well as pictures of the homes. But unlike many of . s = d.createElement('script'); document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. We are no longer accepting comments on this article. if(typeof window.DotMetricsObj != 'undefined') {DotMetricsObj.onAjaxDataUpdate();} Monthly revenue exceeds six figures and it has increased ten times since last June. Start Date. // console.log('Changed ' + all_links.href); Net Worth: $10 Billion Date of Birth: Nov 17, 1968 (54 years old) Place of Birth: Yangquan Gender: Male Profession: Businessperson, Entrepreneur Nationality: China Compare Robin Li's Net. Compass CEO and co-founder owned 8.6 million shares of Class A stock before he rang the opening bell Thursday. 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. } ); The two play important roles at the firm, but Allon is who we're talking about today. Allon, who at 26 sold Google a mathematical process he had . Neda started her career as a management consultant at McKinsey & Co. 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