Tim O’Shaughnessy net worth
Number of divisions: 13
What is Tim O’Shaughnessy’s net worth and salary?
Tim O’Shaugnessy is an American businessman and CEO with a net worth of US$100 million. Tim O’Shaughnessy (Tim O’Shaughnessy), as one of the founders of the popular daily trading website LivingSocial, caught people’s attention for the first time. In November 2015, he was appointed President and Chief Executive Officer of Graham Holdings.
early life
O’Shaughnessy was born in Minnesota in 1981 and grew up in a merchant family. His father ran a small business for 30 years, and he watched his grandfather start and run nearly a dozen different companies. When Tim grows up, he wants to play professional baseball and run his own handyman and lawn mower business for his community. Because of his mathematical skills and ability to recite baseball card information, he earned the nickname “Statistician” as a child. O’Shaughnessy received a bachelor’s degree from Georgetown University in Washington, DC in 2004.
Profession
After graduation, he worked as a product manager at AOL. Two years later, he moved to a company called Revolution Health. During his tenure as Vice President of Revolution Health, Tim and some colleagues launched a series of Facebook applications.
Social life
In 2007, all of Revolution Health colleagues O’Shaughnessy, Aaron Batalion, Eddie Frederick, and Val Aleksenko created a website originally called the Hunger Machine. In 2009, they acquired BuyYourFriendADrink.com and subsequently launched a daily trading website called LivingSocial.
Around this time, the rival’s daily trading site Groupon became very popular. Groupon went public in June 2011, which is the largest Internet IPO since Google in 2004.
By 2011, LivingSocial had raised US$800 million in venture capital, valued at US$4.5 billion. That year, the company lost 500 million U.S. dollars and had revenue of approximately 240 million U.S. dollars. This will prove to be the pinnacle of the company. At its peak in 2011, LivingSocial had 4,500 employees and was valued at USD 6 billion. By 2015, the company has 800 employees. In 2016, the company laid off the remaining employees.
Revenue in 2012 exceeded US$350 million. The company lost 650 million U.S. dollars that year. By 2014, revenue was 230 million U.S. dollars, and losses had been reduced to about 100 million U.S. dollars.
In early 2014, Tim O’Shaughnessy announced that he would resign as Chief Executive Officer after seven years in the role of LivingSocial.
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Graham Holdings
In November 2014 Tim was elected to the board of The Graham Holdings Company (GHC). GHC is a diversified corporate group with brands such as Slate and Kaplan, a few TV shows, and even restaurants and car dealers. Tim was appointed CEO and President on November 12, 2015.
Salary and shareholding
According to a GHC SEC document, Tim’s total compensation in 2020 is $9.6 million.
Tim and his wife, descendants of the Graham family, own a large number of company shares. According to documents from the US Securities and Exchange Commission, Tim and his wife own 4.2% of the company’s Class B shares, and Tim personally owns approximately 22,000 shares. At the time of writing, the total value of their Class B shares is approximately US$130 million. They also own approximately 5% of the company’s Class A shares.
personal life
Tim married Laura Graham O’Shaughnessy. Laura’s father, Donald E. Graham, is the majority shareholder of Graham Holdings. Dogand’s mother is the legendary Catherine Graham, who led the Washington Post from 1963 to 1991 and was played by Meryl Streep in the 2017 film The Post.
Tim and Laura live in Washington, DC and have three children.
