Eric Wu had an impressive ownership stake in Opendoor Technologies, valued at over $717 million in April 2021, reflecting his significant investment in the company’s future. By October 2023, this value dropped to around $36 million, illustrating the volatility of...

Eric Wu had an impressive ownership stake in Opendoor Technologies, valued at over $717 million in April 2021, reflecting his significant investment in the company’s future. By October 2023, this value dropped to around $36 million, illustrating the volatility of tech stocks and the real estate market. Despite this decline, he remains a notable figure in the industry, primarily because of his role as co-founder and architect of a new way to buy and sell homes. His massive holdings once represented a large part of his wealth, showing the risk that comes with deep investments in one's company. This dichotomy of soaring values followed by significant fluctuations marks Eric's financial journey within Opendoor.