The firm also hired Leonard Steinberg, a top-ranked real estate broker, from Douglas Elliman to serve as its president. .page-id-1799240 .entry-title { Based on Compass' market cap at. 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A 2018 $1 billion investment, famous backers, and a series of acquisitions the company made give weight to Allons rosy forecasts. Urban Compass is expected to roll out in Boston, Washington D.C., Chicago and possibly San Francisco later this year. Robert completed a B.A. s.type = 'text/javascript'; Her father was an opera singer. } '&l=' + l : ''; Tech, in general, occupies bulk real estate in the overall top ten. Ori Allon, 41, has already sold two tech companies prior to co-founding Compass. One big question is how its 19,000 agents fared in the IPO. Fidelity Values Compass at $2 Billion", "How has Compass grown so fast? His example: A local restaurant can give a free dinner to a new neighbor. Ryan DeBolt Net Worth Diego Barrueco - Who is this handsome Spanish mode All About Leven Rambin: Ex Husband, Net Worth, Mea post production engineer / post production technician. window.dm.AjaxEvent = function(et, d, ssid, ad){ change_link = false; var all_links = document.links[t]; Compass Co-Founder Robert Reffkin In Prime Position To Become America's Next Black Billionaire. Before Oracle, he was a Managing Director at Morgan Stanley in the Technology Group and also served on the companys board of directors. external_links_in_new_windows_load(external_links_in_new_windows_loop); Net worth: $745 million What he does: Co-owner of agriculture business Greensill Farming, which grows sugar cane, fruit and vegetables in Queensland's food bowl, and board member and shareholder of Greensill capital a financial services firm and principal investor group worth over $6 billion. The hedge fund led by Robert Citrone held 33.5 million shares worth $603 million as trading began. Compass has promoted its "20/20 by 2020" plan, by which it would gain 20 percent market share in the top 20 markets by 2020. Urban Compass currently employs more than 100 people full-time and it expects to double its staff by the end of the year. Previously, Allan was Chief Technology Officer at ServiceNow, and has co-founded and held senior leadership positions at multiple companies and was also a venture capital investor for seven years. [37] The company also opened offices in Brooklyn, South Florida, Boston and the Hamptons. One year after founding Julpan, Twitter acquired the company and made Allon the director of its engineering office in New York City. Neda also spent years in the Bay Area working at high-growth technology companies, and in East Africa building programs to support female entrepreneurs. Equal Housing Opportunity. } // console.log('force ' + all_links.href); While Allon has sold his last two startups, he says Urban Compass is different. Paul English co-founded travel site Kayak in 2004. [22] [30] In July 2014, Compass raised a Series B financing round of $40 million at a valuation of $360 million, according to Bloomberg. [28] It also holds a $61 million stake in Fiserv, a financial technology company, and a $60.7 million stake in the computing giant Intel. Last Thursday, high-tech entrepreneur Dr. Ori Allon, owner of the real estate company Compass, Inc., came to Wall Street for the opening ceremony of trading on the New York Stock Exchange, on. [60], The Compass Concierge program assists in selling a home by covering the cost of home improvements to prepare the home for market. } ); Ori Allon | $384.8 million The brokerage's co-founder and chief strategist held more than 19 million shares worth nearly $344 million at the start of trading. Prior to Shopify, Allan was Senior Vice President of Engineering at Slack from pre-IPO, transforming the way work gets done for hundreds of thousands of companies and tens of millions of users. } No financial or legal advice provided. Monthly revenue exceeds six figures and it has increased ten times since last June. } Tom Ford. Urban Compass acts as a broker, taking between 0 and 15% per completed deal. Life is good for the 32 year old Israeli-born programmer, who, having sold his first company to Google and his second to Twitter, is tech's equivalent of a two time all-star. new Date().getTime(), event: 'gtm.js' func(); for (var t=0; t