Tuesday, September 28, 2021

How Jay Walker Went From $0 To $1 Billion In 1 Year

Only a few thousand people in the entire world have managed to accumulate over $1 billion in net worth. Usually, it takes billionaires their entire lives to reach the 10 figure mark with the average billionaire being 66 years old. However, there are some outliers who were able to make it big very quickly. Some examples include billionaires like Jeff Bezos, Bill Gates, and Mark Zuckerberg. One individual named Jay Walker, however, outshines all of these business magnates as he made his first billion within just 12 months. Jay Walker is the creator of Priceline, and he took the company public at the peak of the dot-com bubble which allowed him to amass several billion dollars within just a few years. Unforutanly, after the dot-com bubble crashed, Priceline stock crashed and Jay's wealth plummeted to $333 million. Priceline did eventually recover, and the company is worth $95 billion today, but since Jay sold his stake after the dot-com bubble, Jay never became a billionaire again. Nonetheless, Jay was the fastest person in history to reach $1 billion. This video explains the story of Jay Walker and Priceline and how Jay Walker became the fastest billionaire in history. 

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