What’s Piotr Szulczewski’s Net Worth?
Piotr Szulczewski is a Polish-Canadian businessman and pc engineer. As of this writing, Piotr has a net worth of $2 billion. In 2010, together with Danny Zhang, he co-founded the e-commerce platform Want. Presently the corporate’s Chairman and CEO, Szulczewski is among the many world’s youngest billionaires.
Early Life and Profession Beginnings at Google
Piotr Szulczewski was born in 1981 in Warsaw, Poland and was raised within the Tarchomin neighborhood. As communism was falling in Poland, he and his dad and mom immigrated to Waterloo, Ontario, Canada, the place he studied arithmetic and pc science on the College of Waterloo. Shortly earlier than he graduated, Szulczewski relocated to Palo Alto, California to do a four-month coding internship for Google. Subsequently, he grew to become a full-time Google worker, writing the prototype algorithms for key phrase growth. This function helps prospects seek for merchandise from advertisers.
Szulczewski relocated once more in the summertime of 2007, this time to South Korea to work within the new Google places of work. There, Szulczewski was skilled to adapt to the Korean market, which demanded extra detailed search portals than those utilized in america and different Western international locations.
In 2009, Szulczewski left Google to spend six months at dwelling, the place he wrote code for an promoting suggestion platform that analyzed individuals’s searching behaviors. Shortly after, in 2010, he arrange his personal software program firm referred to as ContextLogic. By September, the corporate acquired round $1.7 million in investments, together with from Yelp CEO Jeremy Stoppelman. In 2011, Szulczewski invited his longtime buddy Danny Zhang to hitch ContextLogic as a co-founder, and to relaunch the corporate as Want. The brand new know-how they employed attracted the eye of Fb, which provided $20 million for the corporate; nevertheless, Szulczewski declined the supply.
Want was created to present consumers the power to make their very own want lists of their favourite merchandise, after which to match them with retailers. In 2013, Want grew to become an e-commerce platform with retailers, principally from China, internet hosting their merchandise immediately on the appliance. Szulczewski’s purpose with the platform was to cater to low-income households, providing smaller gadgets which might be cheaper to ship. By 2016, Want noticed over 5 million each day guests. The following 12 months, it grew to become essentially the most downloaded e-commerce software in america, and the 12 months after that, was essentially the most downloaded e-commerce software on the earth. Throughout this time, the corporate signed a multi-year partnership with the Los Angeles Lakers of the NBA. Amongst its options, Want features a “Wheel of Fortune”-style sport referred to as Blitz Purchase, which gives customers extra reductions on bestselling gadgets.
Private Life and Wealth
In 2016, Szulczewski was ranked #21 on America’s Richest Entrepreneurs Below 40 checklist. Just a few years later, he was listed because the thirty fourth wealthiest particular person from Canada, in addition to that nation’s number-one youngest billionaire. Regardless of his huge success, Szulczewski principally stays away from the highlight, not often giving interviews. Due to this, many particulars about his personal life stay unknown to the general public.
In August 2019, Piotr paid $15 million for a house in Bel Air.