Nirav Tolia has an estimated net worth of $50 million. He’s best known as a co-founder of Nextdoor, a social networking platform designed for neighborhoods. Since its launch in 2011, Nextdoor has grown significantly, connecting millions of people across various communities.
Tolia’s journey began at the University of California, Berkeley, where he earned his degree in history. Before Nextdoor, he had successful stints at companies like Epinions and Shutterfly. His experience in tech and entrepreneurship has played a key role in shaping his career and wealth. As he continues to innovate in the tech space, many are curious about how his ventures contribute to his impressive net worth.
Overview
Nirav Tolia’s net worth is a topic of interest due to his significant contributions to the tech industry. His estimated net worth stands at around $50 million, as reported by various sources. This figure reflects Tolia’s successful ventures in technology and entrepreneurship.
Tolia co-founded Epinions, a platform that allows users to share product reviews. Epinions later merged with Dealtime and was acquired by eBay for $620 million. This acquisition played a key role in boosting Tolia’s financial status.
Another major factor contributing to his wealth is his role as co-founder of Nextdoor, a social networking site focused on connecting neighbors and communities. Since its launch in 2011, Nextdoor has raised over $200 million in funding, which highlights its success and growth potential.
According to Wallmine, as of July 2024, Tolia owns 313,126 units of Nextdoor stock valued at over $782,815. This ownership forms a substantial part of his current net worth but does not account for any other investments he may possess.
Overall, Nirav Tolia’s career showcases how innovation in technology leads to substantial financial success while creating platforms that benefit communities worldwide.
Wiki Biography
| Category | Details |
|---|---|
| Name | Nirav N. Tolia |
| Birth Year | 1973 |
| Birthplace | Odessa, Texas |
| Education | Stanford University, B.A. in English Literature |
| Career | Co-founder and former CEO of Nextdoor |
| Co-founder and former CEO of Epinions | |
| Co-founder of Fanbase |
Nirav N. Tolia is a notable figure in the tech industry. His contributions to social networking through Nextdoor connect communities effectively. Born in Odessa, Texas, in 1973, he pursued higher education at Stanford University, earning a Bachelor’s degree in English Literature.
Tolia co-founded Epinions, a site for consumer reviews that was later acquired by eBay for $620 million. This significant event boosted his financial status and career prospects. He also played a vital role at Nextdoor since its launch in 2011, where the platform raised over $200 million to enhance community engagement.
As of July 2024, Tolia owns around 313,126 units of Nextdoor stock valued at approximately $782,815. This stock forms an important part of his estimated net worth of about $50 million according to various sources.
Early Life and Career Beginnings
Nirav Tolia was born in 1973 in Odessa, Texas. He graduated from Stanford University with a Bachelor of Arts degree in English. His education set a strong foundation for his future career.
Tolia began his professional journey at Yahoo!, where he became the 84th employee. At Yahoo!, he worked as an associate producer and surfer, gaining valuable experience in the tech industry.
In 1999, Tolia co-founded Epinions, a consumer review platform that allowed users to share their opinions on products. This platform later merged with Dealtime to create Shopping.com. In 2004, Shopping.com went public on Nasdaq. The following year, eBay acquired it for $620 million, significantly boosting Tolia’s financial status.
These early experiences laid the groundwork for Tolia’s success as an entrepreneur and contributed to his estimated net worth of around $50 million today.
Family and Education
Nirav Tolia is married to Megha Trivedi, who holds the position of president at ShondaLand. The couple has three sons and lives in Florence, Italy. Before moving to Italy, they sold their home in San Francisco for $25 million in 2020.
Nirav Tolia graduated from Stanford University with a Bachelor of Arts degree in English Literature. This educational background laid a solid foundation for his career in technology and entrepreneurship.
Professional Career
Nirav Tolia’s career began at Yahoo! as one of its early employees. He worked as an associate producer, gaining valuable experience in technology and media.
In 1999, he co-founded Epinions, a platform where people could share reviews about products. Epinions later merged with Dealtime to create Shopping.com. This company went public on Nasdaq in 2004 and was acquired by eBay for $620 million in 2005. This acquisition significantly increased Tolia’s wealth.
After his time at Epinions, Tolia started Fanbase.com in 2008 and served as its CEO. The platform aimed to connect fans with their favorite celebrities and events.
In 2010, Tolia co-founded Nextdoor, a social networking site specifically designed for neighborhoods. Under his leadership as CEO, Nextdoor expanded to over 220,000 neighborhoods worldwide, covering approximately 90% of U.S. neighborhoods. This growth demonstrated the platform’s importance in connecting local communities.
Through these successful ventures, Nirav Tolia established himself as a key player in the tech industry while building significant financial success.
Net Worth and Income Streams
Nirav Tolia’s estimated net worth is around $50 million. This wealth comes from several successful ventures in the tech industry.
Major Ventures
- Epinions: He co-founded Epinions in 1999. This consumer review platform was acquired by eBay for $620 million in 2005, greatly increasing Tolia’s wealth.
- Nextdoor: In 2010, he helped start Nextdoor, a social networking site for neighbors. The company has raised over $200 million and connects people within local communities. Tolia served as CEO until 2018 and remains a chairman on the board.
Stock Holdings
Tolia owns a significant amount of stock in Nextdoor (KIND). As of July 2024, he holds over 313,126 shares, valued at approximately $707,665.
Trading Activities
In 2024, Tolia actively traded shares. His most notable transaction involved exercising his options on 313,126 units, which was worth about $889,278.
These income streams highlight Nirav Tolia’s impact on technology and community building through his entrepreneurial efforts.
Business Ventures and Investments
Nirav Tolia has been involved in several important business ventures. His work significantly influenced the tech industry, boosting his financial success.
Epinions
In 1999, Tolia co-founded Epinions, a platform where users shared reviews about products. This venture merged with Dealtime to create Shopping.com. In 2004, Shopping.com went public on Nasdaq. The following year, eBay acquired it for $620 million. This acquisition played a key role in increasing Tolia’s wealth.
Fanbase.com
In 2008, Tolia took on another challenge by founding Fanbase.com and serving as its CEO. While details about this site are less known than Epinions or Nextdoor, it aimed to connect fans with their favorite celebrities and events.
Nextdoor
Tolia is best recognized for co-founding Nextdoor in 2010. This social networking platform helps neighbors communicate and share information within communities. It has grown to cover over 220,000 neighborhoods, representing about 90% of U.S. neighborhoods. Under Tolia’s leadership as CEO until 2018, Nextdoor raised over $200 million in funding.
These ventures not only enhanced Nirav Tolia’s net worth but also demonstrated how technology can improve community connections across the country.
Age, Weight, and Height
Nirav Tolia is currently 49 years old. There are no available details about his weight or height, as most sources focus on his professional achievements rather than personal attributes. Public information mainly highlights his role in technology and entrepreneurship, including his work with Nextdoor and other ventures.
Spouse and Relationship
Nirav Tolia is married to Megha Trivedi, who works as the president of ShondaLand. They share a family and have three sons together.
- Spouse: Megha Trivedi plays an important role in the entertainment industry with her position at ShondaLand.
- Children: Nirav and Megha are proud parents of three sons, showing their commitment to family life.
- Residence: The couple previously lived in San Francisco, California. In 2020, they sold their home there for $25 million. Currently, they reside in Florence, Italy, enjoying a different lifestyle.
Nirav often shares family updates on social media, highlighting his involvement as a dedicated family man.
Conclusion
Nirav Tolia’s journey through the tech industry showcases his remarkable ability to innovate and connect communities. With a net worth estimated at $50 million, his entrepreneurial spirit has driven the success of platforms like Nextdoor and Fanbase. His leadership in these ventures not only reflects his professional acumen but also highlights the importance of technology in fostering local connections.
As Tolia continues to influence the tech landscape, his financial achievements serve as a testament to his strategic vision and dedication. The impact he’s made on community building is undeniable, making him a prominent figure in both the business world and beyond.
Frequently Asked Questions
Who is Nirav Tolia?
Nirav Tolia is the co-founder of Nextdoor, a social networking platform that connects local communities. He was born in 1973 in Odessa, Texas, and graduated from Stanford University with a degree in English Literature.
What did Nirav Tolia do before Nextdoor?
Before founding Nextdoor, Tolia co-founded Epinions, a consumer review site that later merged to become Shopping.com. He also worked at Yahoo! as an associate producer early in his career.
How successful is Nextdoor?
Nextdoor has expanded to over 220,000 neighborhoods worldwide and has raised over $200 million in funding since its launch in 2010. It covers about 90% of U.S. neighborhoods.
What is Nirav Tolia’s net worth?
As of now, Nirav Tolia’s estimated net worth is around $50 million. His wealth primarily comes from his ventures like Epinions and Nextdoor.
Where does Nirav Tolia live?
Tolia currently resides in Florence, Italy, after selling his San Francisco home for $25 million in 2020.
Is Nirav Tolia involved with any other companies?
Yes, he also co-founded Fanbase.com in 2008, which aims to connect fans with their favorite celebrities and events.
How many children does Nirav Tolia have?
Nirav Tolia has three sons with his wife Megha Trivedi, who is the president of ShondaLand.
What role did he play at Nextdoor?
Tulia served as CEO of Nextdoor until 2018 and continues to be involved as chairman on the board.
