Jonathan Oringer Net Worth & Biography
Jonathan Oringer Net Worth & Biography
|Popular Name:||Jon Oringer|
|Real Name:||Jonathan Oringer|
|Birth Date:||May 2, 1974|
Scarsdale, New York, United States
|Profession:||Businessman, Investor, Entrepreneur|
|Net Worth:||$1 Billion|
Jonathan Oringer, who simply goes by Jon Oringer, can best be recalled as the serial entrepreneur who founded the popular microstock photography website Shutterstock. He attended and graduated from Stony Brook University with his bachelor’s degree in Math and Computer Science and later attended Columbia University to complete his Master’s degree in Computer Science. Jon is the pioneer of the subscription-based microstock model of photography business. He created Shutterstock in 2003 as a platform with which he’d sell his own images. However, he soon realized that his work alone would not be enough to satisfy his customers’ demands. In response, he decided to start working as an agent so he could offer the works of other people as a complement to his. By combining a passion for photography with a firsthand experience of the demand for compelling and diverse imagery in today’s marketplace, Jon went on his way to provide high-quality photos in the way he believed would make sense to his clients. Since its inception, his company, Shutterstock, has enjoyed robust growth and prominence. I went from 30,000 royalty-free images in 2003 to more than 11 million in 2010 and over 18 million in 2012. The success of this business is primarily responsible for Jon Oringer’s net worth and fame. The young billionaire businessman started learning computer programming in elementary school and eventually succeeded to build a fortune for himself in that field. And now, we will go through his biography, career highlights, and finances in addition to every important aspect of his life that one should know about.
Early Life: Childhood, Education
Jon Oringer was born in Scarsdale, New York, United States on May 2, 1974. He spent his childhood in Scarsdale and began learning computer programming when he was barely five years old. Around age 15, he was already teaching guitar lessons for cash. He later moved on to fixing broken computers out of his family house when he found out that it was more lucrative. Jon would later start selling his own software products on the internet as an undergraduate at Stony Brook University. He invented and sold thousands of copies of what has been described by Forbes as “one of the internet’s first pop-up blockers.”
Upon graduating from Stony Brook University with a degree in computer science and mathematics in 1997, he enrolled in Columbia University from 1996 to 1998, graduating with an MS in computer science.
Professional Life: Entrepreneurial Career
The American photographer and programmer estimates that he started over ten small startup companies, most of which he served as the sole employee. His companies used a subscription method to sell trademark managers, cookie blockers, personal firewalls, accounting software, and other small programs.
He is best known as the founder and chief executive officer of the stock media and photo-editing tools provider Shutterstock which is headquartered in New York City, in New York. Jon Oringer started his career during his time in college in the 1990s. After founding around ten small companies, he came up with Shutterstock in 2003 to provide microstock photography. When this company went public in 2013, it was reported that Jon became New York’s first tech billionaire. His Shutterstock company had more than 100,000 contributors as of 2020, with a customer base of over one million people in more than 150 countries.
With Jon Oringer as chief executive officer, Shutterstock claimed that it was the world’s biggest subscription-based stock photo company as of 2006, with roughly 570,000 images in its collection. The agency launched Shutterstock Footage to mark their branching into film in 2006. It expanded beyond subscriptions in 2008 into a la carte pricing. In 2009, Shutterstock acquired a competitor credit-based microstock photography agency Bigstock, and has continued to expand its business model to this day.
Achievements: Awards & Honors
Mr. Oringer has been recognized with multiple awards for his business and entrepreneurial excellence. He was listed on Silicon Alley’s list of the top 100 most influential technologists, entrepreneurs, investors, and executives in Manhattan in 2009. In 2013, he was identified as the coolest person in all of New York technology by Business Insider and was also listed as one of Crain’s New York’s “40 Under 40” the same year. Jon was named Ernst & Young’s New York’s Technology Entrepreneur of the Year in June 2012. He was also recognized as Silicon Alley’s first tech billionaire.
Personal Life: Family, Residence, Private Interests
Jon became a licensed commercial helicopter pilot in 2012. He is married with kids but hasn’t revealed much about his family, relatives, and loved ones.
In his own words, his only hobby is programming. He started on the path of computer programming from the early age of 5 and never departed from it, and today, he has succeeded beyond expectation because he clung to his passion and followed his dreams.
Jonathan Oringer Net Worth: Salary, Income Sources, Assets
The American techpreneur who was born and raised in New York achieved tremendous success after he started the microstock photography platform Shutterstock which he currently leads as the company’s chief executive officer. Although he founded about ten different startup companies before creating Shutterstock, none was able to give him the boost he needed to burst into prominence.
Today, Jonathan Oringer’s net worth is pegged at $1 billion. He is known to be the first tech billionaire entrepreneur and businessman in Silicon Alley. Based in West Village in Manhattan, he owns a Miami Beach mansion which he purchased for $42 million in 2020.