There are many online retailers that sell furniture and home decor, but Wayfair is one of the largest. Founded in 2002, Wayfair has grown exponentially in recent years, thanks in part to its large selection of items and competitive prices. But who actually owns Wayfair?
Welcome to Wayfair’s blog section! Here you will find a variety of articles discussing everything from home decorating tips to the latest news about our company. We hope you enjoy reading and please feel free to leave us your comments and suggestions.
Who Owns Wayfair
We all know Wayfair as the go-to online retailer for home goods and furnishings, but did you know that the company is actually owned by two brothers? In this blog post, we’ll take a look at the story of how Wayfair came to be and who its current owners are.
Wayfair was founded in 2002 by brothers Nate and Steve Conine. The pair had previously worked together at an online sports retailer called CSN Stores. When they started Wayfair, they had just $10,000 in credit card debt to their name.
The company quickly took off, and by 2010, it was generating $600 million in annual revenue. Today, Wayfair is a publicly-traded company with a market cap of over $15 billion.
So who owns Wayfair? As of 2020, the Conine brothers each own approximately 3% of the company. The largest shareholder is T Rowe Price, which owns 14% of Wayfair’s shares.
Also Read: Is Wayfair Legit?
Co-Founder, Co-Chairman, And CEO: Niraj Shah
Wayfair is one of the world’s largest online destinations for home furnishings and décor. Founded in 2002 by Niraj Shah and Steve Conine, Wayfair offers more than 14 million products from over 11,000 suppliers across the globe.
Shah is Co-Founder, Co-Chairman, and CEO of Wayfair. He oversees all aspects of the business, from technology and product development to marketing, merchandising, and operations. Under Shah’s leadership, Wayfair has grown from a small startup to a publicly-traded company with a market capitalization of $12 billion.
In addition to his work at Wayfair, Shah is an active philanthropist and supporter of education initiatives. He is a member of the Board of Directors for The Partnership for a New American Economy and the Massachusetts Competitive Partnership.