Niraj Shah is the Co-Founder and CEO of Wayfair, a major online home goods retailer. He graduated from Cornell University and has been leading Wayfair since its start in 2002. Before Wayfair, he founded Simplify Mobile Corporation and held roles...
Niraj Shah is the Co-Founder and CEO of Wayfair, a major online home goods retailer. He graduated from Cornell University and has been leading Wayfair since its start in 2002. Before Wayfair, he founded Simplify Mobile Corporation and held roles at iXL Enterprises and Spinners Incorporated. Under his leadership, Wayfair has grown significantly, becoming a key player in the e-commerce space. In 2023, his total compensation was $225,167, which reflects a shift to incorporate bonuses into base salaries, indicating a focus on long-term growth rather than short-term bonuses. Interestingly, he eliminated cash bonuses for himself and other executives starting in 2022. He has significant holdings in Wayfair, with almost 13.3 million shares. His insider trading activities peaked in late 2021 and early 2022, revealing he had multiple transactions valued at over $20 million each. This shows his deep commitment to the company. Shah is currently 45 years old and continues to drive Wayfair forward, showcasing his entrepreneurial spirit in the home goods market.