How much is Gary Vaynerchuk worth? $160 million
How did Gary Vaynerchuk earn his money and wealth?
Gary Vaynerchuk was born as Gennady VaynerchukNovember 14, 1975 in Babruysk in the Soviet Union, which is a part of Belarus now. Gary and his family started to live in Queens, New York after moving from Babruysk in year 1978. Later on, his family moved to Edison, New Jersey where Gary Vaynerchuk started his entrepreneurial with a lemonade-stand franchise and did well. Vaynerchuk also went on to join his family’s retail wine business at the early age of 14.
In 1998Gary graduated from Mount Ida College in Newton, Massachusetts and took charge of day to day activities in his family store at Springfield, New Jersey. He changed the store’s name from Shopper’s Discount Liquors to Wine Library. He then went on to launch a daily webcast and launched his sales online. Gary exponentially grew his business from $3 million to $60 million in a very short span of time with the help of various e-marketing techniques and pricing strategies. Gary Vaynerchuk and his brother AJ Vaynerchuk founded Vaynermedia, a social media-focused digital agency in the year 2009.
Further in the year 2011, Gary announced to assume total involvement in Vaynermedia in order to grow it. Delivering the social media and strategy services to huge Fortune 500 listed clients such as General Electric, Anheuser-Busch and Pepsico, Vaynermedia was named one of AdAge’s A-List agencies in the year 2015. The company, along with having grossed $100 million in revenue and more than 600 employees, partnered with “Vimeo”, a video-sharing website, to connect brands and filmmakers for digital content.
Gary is well known for his decisions as an angel investor. He has invested in many startups including Facebook, Twitter, Purewow, and Venmo. Vaynerchuk invested a big fortune in Matt Higgins’ RSE Ventures and started VaynerRSE which focuses on funding for consumer technologies and act as an incubator for startups. He further joined hands with BRaVeVentureswhich advises television networks on emerging technology. Vaynerchuk also provides full-service athlete representation through VaynerSports which came into existence by his investment in sports agency Symmetry.
Vaynerchuk has featured in many shows including “Planet of the App” in which he, alongside Will.i.am and Gwyneth Paltrow appraises pitches from app developers contesting for investment and a show on YouTube named #AskGaryVee. In this show, Vaynerchuk takes questions (mostly on entrepreneurship, family and business topics) from Twitter and Instagram and responds to them in his own fashion. Gary also showed his penmanship by signing a 10-book deal with HarperStudio. Crush It! Why Now is the Time to Cash in on your Passion, was his first book which was released in October 2009 and this book went on to be #1 on Amazon Best Seller list for Web Marketing books.
What are the Top investments of Gary Vaynerchuk?
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