Omid Kordestani Net Worth & Biography
|Popular Name:||Omid Kordestani|
|Real Name:||Omid R. Kordestani|
|Birth Place:||Tehran, Iran|
|Spouse(s):||Bita Daryabari (Divorced)
|Profession:||Businessman, Entrepreneur, Investor|
|Net Worth:||$2 Billion|
Omid Kordestani is a successful Iranian-American businessman who serves on the board of the popular microblogging platform Twitter. Previously, he served as the Executive Chairman of Twitter for five years starting from October 2015. Additionally, he served as the chief business officer, senior vice president, and recently, as a special advisor to the chief executive officer and founders at Google between July 2014 and October 2015. Previously, Kordestani worked at Google from May 1999 to April 2009, heading operations through the post of Senior Vice President for Worldwide Sales & Field Operations. He was a director at Vodafone starting from March 2013 up to October 2014. More details are available in this report.
Early Life: Childhood, Education
He was born Omid R. Kordestani in 1963 in Tehran, Iran. He was brought up by his family members in the same city where he was born, and he attended an Italian Catholic School called Andisheh Don Bosco School in Tehran. His school placed emphasis on education and language skills, and it helped him broaden his knowledge and communication ability.
After his father died in 1976, Omid moved to San Jose, California, United States, where he attended Bushser High School, graduating in 1980. He later attended San Jose University where he received an electrical engineering degree. Afterward, he went to Hewlett-Packard to work as an engineer. After many years, he decided to pursue a business degree, and for that, he entered Stanford Graduate School of Business from which he graduated with his MBA in 1991.
Professional Life: Business Career
Omid Kordestani has more than ten years experience of working in the business industry where he concentrated on high-technology consumers and enterprises. Throughout his career, he has held many strategic positions at numerous organizations, including Internet pioneer Netscape Communications.
This businessman, during his time at Netscape, served as the company’s vice president of Business Development and Sales and helped increase the company’s website revenue from a run rate of $88 million annually to more than $200 million in a year and half period. He started his career at Netscape in the role of director of OEM Sales, and during his tenure at that company which lasted four years, he was responsible for establishing and holding up major customer relationships with Excite, eBay, @Home, Intel, Travelocity, Intuit, Citibank, AOL, and Amazon.
Before joining Netscape, Mr. Kordestani held positions in business development, marketing, and product management at Hewlett-Packard, The 3DO Company, and Go Corporation. In May 1999, joined Google and headed the development and implementation of the initial business model of the company and was its senior vice president of field operations and worldwide sales until April 16, 2009. During his tenure at Google, Kordestani played an important role in the company’s day-to-day operations and sales organization in addition to its worldwide revenue generation.
On July 18, 2014, he made a return to Google to fill the position of Chief Business Officer at Google when Nikesh Arora, who Kordestani himself recruited to Google, left for SoftBank. Though he started as an interim, his role became permanent in October. A year later, he left Google and joined Twitter as its executive chairman. In 2020 after a power struggle between then Twitter chief executive officer Jack Dorsey and Elliot Management, Mr. Kordestani was replaced by Patrick Pichette. However, he still remains a member of the board to date.
Personal Life: Wife, Children, Charity Works
In 2011, several years after divorcing his first wife Bita Daryabari, Kordestani got married to Gisel Kordestani. He has 4 children, two each from both marriages.
He is among the respected founders of PARSA Community Foundation, which is a Persian heritage, entrepreneurship, and philanthropic society dedicated to providing support to various causes.
Achievements: Awards, Recognition
Mr. Kordestani was, on May 8, 2006, named in an issue of Time Magazine as one of Time’s “100 influential people who shape our world”. Persian Awards selected him as the Persian Person of the Year in 2007.
Omid Kordestani Net Worth: Salary, Income Sources, Assets
This businessman is one of the Iranian-American billionaires in the world. His net worth is more than $2 billion as per Forbes. He has accomplished tremendous success in his career as a businessman which has lasted several decades. At this moment, Mr. Kordestani serves on the board of the popular social media platform Twitter. Previously, he served as the Executive Chairman of Twitter for five years starting from October 2015. Additionally, he served as the chief business officer, senior vice president, and recently, as a special advisor to the chief executive officer and founders at Google between July 2014 and October 2015. His wealth has been earned majorly from all his endeavors in the tech industry.