Eric Wu’s net worth 2024: Eric Wu is an American businessman and investor. Curious to learn more about him? Read on as we take you through the biography, age, height, family, house, personal life, education, salary, earnings, and net worth of Eric Wu. As a bonus, you’ll also learn how the OpenDoor CEO made his fortune.
Who is Eric Wu and How Much is He Worth?
| Full Name | Chungwei Eric Wu |
| Date of Birth | 1983 |
| Age | 41 Years |
| Profession | Businessman |
| Height | 5 ft 8 in (1.73 m) |
| Nationality | Chinese, American |
| Source of Wealth | OpenDoor |
| Salary | $388 Million |
| Net Worth | $1.2 billion |
Eric Wu is an American businessman and investor with an estimated net worth of $1.2 billion. Wu is the chairman, CEO and co-founder of Opendoor Technologies, Inc., an online company for transacting in residential real estate. He is also the co-founder of rentadvisor.com, an apartment search that specializes in lead generation.
Prior to Opendoor, Eric founded Movity.com, a location data analytics company that was acquired by Trulia.com in 2011. He is also the co-founder of Social Capital Hedosophia Holdings Corp II which later merged with Opendoor in 2020.
Early Life
Eric Wu was born in 1983, in Glendale, Arizona, United States of America. His mother was a social worker. Wu lost his father when he was four years old. Eric has two sisters and was raised by their single mother.
Wu is of Chinese descent. Eric Wu is fluent in Chinese and English.
Education
Eric Wu attended and completed a high school in Glendale. Thereafter, he enrolled at the University of Arizona where he obtained a bachelor of science degree in Economics in 2005.
Career
Eric Wu started his career while he was still in college. The self-made billionaire spent his college scholarship money to build an impressive real estate portfolio. He founded a real estate fund that purchases investment properties near college campuses. In January 2008, Eric co-founded RentAdvisor.com, an apartment search that specializes in lead generation. The founding team includes the founders of ApartmentGuide.com, Rentals.com, and RealEstate.com.
In September 2009, Eric founded Movity.com a location data analytics company. The company was acquired by Trulia.com in 2011.
In March 2014, Eric Wu, Keith Rabois, and JD Ross co-founded OpenDoor. The company raised $9.95 million in venture capital and soon began operations. In 2018, the company raised $400 million in funding from the SoftBank Group Vision Fund.
On December 17, 2929, Social Capital Hedosophia Holdings Corp II merged with Opendoor. That same month the company began trading on the NASDAQ stock exchange under its new name, Opendoor.
Eric Wu has six per cent stake in Opendoor. The company is currently valued at $19 billion.
Personal Life
As of the time of writing, Eric Wu is yet to reveal the status of his relationship. He keeps his private life off the media.
Social Media Profile
Eric Wu has an impressive number of fans on his social media pages where he shares a bit of his personal life and work-related stuff. As of the time of writing, Eric Wu has over 11,000 Twitter followers. Eric is not active on other social media platforms.
Eric Wu Net Worth, Salary and Earnings 2024
As of October 2024, Eric Wu has an estimated net worth of $1.2 billion. Eric earns his net worth from his company Opendoor and several other investments. He owns a 6% stake in the company which is valued at over $19 billion.
As the CEO of OpenDoor, Eric Wu has an annual salary of $388 million which includes stock options and all other compensation. Wu is one of the highest-paid CEOs in the world.
Eric Wu’s House
Already an expert in the real estate industry, Eric Wu has acquired some personal properties with his wealth. In April 2022, Wu paid $32.3 million for a mansion in Bel Air, Los Angeles, California. The 18,850 square feet property has 9 bedrooms and 15 bathrooms.
Summary
Eric Wu is a Chinese-American businessman and investor with an estimated net worth of $1.2 billion. Wu is the chairman, CEO and co-founder of Opendoor Technologies, Inc., an online company for transacting in residential real estate. He is also the co-founder of rentadvisor.com, an apartment search that specializes in lead generation.
