The ceo of AirBnB took on the hotel industry, creating one of the largest companies in silicon valley. At only 34 years of age, he is worth $3.3 billion.
The AirBnB CEO is disrupting the hotel industry with one of the biggest companies to come out of Silicon Valley.
The music is pumped up to nightclub levels. A gourmet breakfast featuring fruit, bagels, and Philadelphia cream cheese has been laid out before you, prepared by the in-house chef. iPads hang from the walls, displaying today’s lunch menu – freshly-caught sea bass — or tofu steaks for the vegetarian. Your colleague gets up from beside you and roller skates away, precariously balancing a coffee cup. It’s 9:00 a.m. and you’ve just started your first day at AirBnB.
The CEO of this prestigious, multi-billion dollar company isn’t in the office today – well, not this office anyway. Brian Chesky is doing what CEOs do best: jetsetting around the world, ensuring that his empire continues to develop and grow.
At only 34, what Brian Chesky lacks in experience, he makes up for in creativity. He started the company at age 27 with friends in San Francisco. Initially, the idea was simply a way to cover rent for the month. Knowing that all the hotels in the area were booked out due to a conference, the creative housemates thought to buy three airbeds and put them up for rent, and thus Airbed And Breakfast was born. Less than ten years later, the company is now valued at an astounding $25 billion, with over 16 million users worldwide. Chesky has created a revolution in accommodation services the same as Uber has revolutionized taxi services. This is disruptive innovation at its finest.
The greatest thing about tech entrepreneurs is that they can turn a simple idea into a fortune. AirBnB is a perfect example. The app and the service it delivers effectively created a hoteling empire without needing any of the infrastructure. This is what is meant by disruptive — the ability to upend and reinvent a traditional industry through the use of technology. And with a number of billionaires under the age of 40, it seems to be a young man’s game. AirBnB disrupted by taking advantage of the sharing economy — instead of needing billions of dollars to construct accommodationsall around the world, why not use pre-existing locations, like people’s houses? AirBnB members simply list their homes, short-term, making money for themselves while kicking back a little to Chesky’s baby. The app is simply the connecting point between customer and provider. And it has made a mint.
You get up from your seat and head off to your next meeting. There is an air of excitement surrounding everything at AirBnB — a real sense of purpose.Creativity, ambition, and imagination are what allowed AirBnB to go from a few airbeds on the floor of an apartment in San Francisco to the multi-national empire that is upending the hotel industry.
Net worth:$3.3 billion
Current Girlfriend: Elissa Patel (they met on Tinder)
Hobbies: Reading and hockey. He is known for diving head-on into his hobbies. After receiving hockey equipment for Christmas, he insisted on sleeping in it — pads, sticks, helmet and all.
Inspirations: Warren Buffett. After a 4½ hour meeting with the billionaire, Chesky was so impressed that he immediately wrote a 3600-word report and sent it to his team. “There areno TVs anywhere. He spends all day reading. He takes maybe one meeting a day, and he thinks so deeply.” Chesky also receives advice from a former CIA-director. George Tenet, the former director of the Central Intelligence Agency is now a managing director at the investment bank Allen & Company.