What is Rich Barton’s Net Worth?
Introduction
Rich Barton, an American entrepreneur, is the chief executive officer at Zillow Group.
Barton is the founder of Zillow, an online travel agency. He also created Glassdoor, a job search engine and community for career seekers. Trover, an online photography website, was also created by Barton.
Barton was a Benchmark venture partner and sits on the boards of directors for Netflix and Nextdoor.
Rich Barton’s net worth was estimated at $2.1 billion as of July 2022.
Early Life
Richard Barton was born on June 2, 1967 and raised in New Canaan, Connecticut.
Barton is the child of a teacher and a mechanical engineer.
Barton graduated in 1989 from Standford University. Barton began his career at Alliance Consulting Group. He started working for Microsoft in 1991. His forefathers John Barton, and his son Horace were inducted into the South Dakota Tennis Hall of Fame in 1999.
Career
Many of Barton’s companies increase transparency in their industries and provide information and data to people. Expedia offers more information about travel. Zillow provides more information about real estate and Glassdoor offers more information about salaries and company ratings.
Barton established Expedia in 1994. Microsoft also planned to create a CD-ROM travel guidebook. Barton was well-versed in text-based internet services at the time and felt that this would offer a greater opportunity for the company.
Nathan Myhrvold, Steve Ballmer and Bill Gates were impressed by his idea for an online travel booking site. They allowed Barton to continue with the project, which was officially launched on the internet as Expedia in 1996.
Through Expedia’s IPO, Barton was the CEO. Barton remained in that position until 2003. After a long absence from the business community for a year, he returned home to Seattle and began working with Lloyd Frink on Zillow’s launch.
Before the company’s launch, they didn’t reveal much. After reporting strong earnings at Zillow, Barton became a billionaire in 2020.
What Does Rich Barton Do With His Money
Rich Barton invests his money in real estate.
Barton has a home in Seattle. Barton holds a $700 million stake at Zillow and plans to make it a home-flipping business.
Highlights
These are some of Rich Barton’s greatest moments:
- Chief executive officer of Zillow Group
- One of the top 10 innovators under 35 by MIT Technology Review (2003)
- Presidential Ambassadors for Continental Entrepreneurship (2012)
Three Business Lessons From Rich Barton
Now that you’re familiar with Rich Barton and his net worth, let’s look at some lessons we can take from him.
1. The Market
It has been difficult to determine the current market value for any home. Barton believes that you don’t need either a computer science degree or a real estate license in order to determine the value of a home.
2. Businesses
You don’t need to look far to find frustration in customers within each business.
3. Strive for your goals
Although an idea may come in a single night, it is not possible to make it a reality. To pursue your dream and vision takes effort and time.
Favorite Quotes From Rich Barton
It has been difficult to determine the current market value of any property, regardless of whether it is yours or one that you are interested in bidding on. To determine the value of a home, you don’t need either a real-estate license or a computer science degree.
This concept is what I refer to as “faster towards the future.” I believe this terrible event, the crisis of a pandemic has created a huge opportunity for all of you to get to the future faster, whether it be in real estate or other industries.
Entrepreneurs, whether they are entrepreneurs by design or not, must have a positive outlook on the future. In times of crisis, such as now, I believe it is that optimism that pulls people through. It also pulls people and teams through. It is very difficult to be a leader who is optimistic and still successful.