Niraj Shah

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Niraj Shah
Born1973 or 1974 (age 51–52) [1]
Education Cornell University (BE)
OccupationBusinessman
Known forCo-founder, co-chairman & CEO, Wayfair
Board member ofWayfair
SpouseJill Shah
Children2

Niraj S. Shah (born 1973/1974) is an American businessman, and co-founder, co-chairman, and CEO of online retailer Wayfair.

Contents

Early life

Shah grew up in Pittsfield, Massachusetts, the son of immigrants from India. [2] His grandfather ran a "steel manufacturing business in India, making pots and pans". [2] His father worked for General Electric as a mechanical engineer, and after his retirement, joined Wayfair early on, providing financial advice, and still works for the company. [2]

Shah graduated from Cornell University, where he earned a bachelor's degree in engineering in 1995. [1] [3]

Career

Shah co-founded Wayfair in 2002 with his Cornell classmate, Steve Conine, [2] and has been its CEO since its inception. [1] [4]

Shah was included in the Fortune list of "40 under 40" for 2013. [5]

Shah was a director of the Federal Reserve Bank of Boston from 2017 to 2019. [2] [6]

In May 2017, Wayfair's share price rose above $70 per share, making Shah and his co-founder Steve Conine both billionaires. As of April 2022, his estimated net worth was $1.6 billion. [7]

Philanthropy

Shah co-founded the Shah Family Foundation with his wife Jill in 2017, which supports education and healthcare programs. [8] [9]

Personal life

Shah is married to Jill Shah; they have two children, and live in the Back Bay area of Boston. [2] In 2013, Jill Shah sold her alternative medicine directory Jill's List, which employed 7 people, to California-based MINDBODY, and now runs their Boston office. [10] [11]

References

  1. 1 2 3 "Executive Profile: Niraj S. Shah". Bloomberg LP. Retrieved June 29, 2019.
  2. 1 2 3 4 5 6 Fernandes, Dierdre (March 10, 2017). "Five things you should know about Niraj Shah". The Boston Globe . Retrieved June 29, 2019.
  3. ↑ "Wayfair founders Niraj Shah and Steve Conine at Entrepreneurship Summit NYC 2013". Cornell University. December 11, 2013. Retrieved June 29, 2019.
  4. ↑ "Wayfair CEO Niraj Shah: We've been a big beneficiary of internet disruption". CNBC. August 8, 2017. Retrieved June 29, 2019.
  5. ↑ "Niraj Shah". Fortune. May 9, 2014. Archived from the original on April 7, 2019. Retrieved June 29, 2019.
  6. ↑ "Former Board of Directors Members - Federal Reserve Bank of Boston". Federal Reserve Bank of Boston. Retrieved February 9, 2024.
  7. ↑ "Forbes profile: Niraj Shah". Forbes. Retrieved December 14, 2022.
  8. ↑ Kim, Larry (June 25, 2019). "Get to Know Wayfair's Founder: 10 Facts About Niraj Shah". Inc.com. Retrieved January 24, 2022.
  9. ↑ Warnock, Caroline (July 14, 2020). "Niraj Shah: Wayfair CEO in Spotlight After Conspiracy Theory Goes Viral". Heavy.com. Retrieved January 24, 2022.
  10. ↑ "Alternative medicine directory Jill's List acquired by California-based Mindbody". Boston.com. Retrieved June 29, 2019.
  11. ↑ "Boston Magazine Names Four Indian-Americas Among 150 Most Influential Bostonians". INDIA New England News. April 20, 2023. Retrieved December 28, 2023.
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