Patrick Byrne Net Worth - Pulptastic

Patrick Byrne Net Worth: $75 Million

Patrick Byrne is an American entrepreneur and former CEO of Overstock.com. He was born in Fort Wayne, Indiana in 1962 and graduated from Dartmouth College, Cambridge University, and Stanford University where he earned his Ph.D. He launched Overstock in 1999 and took the company public in 2002.

In 2005, Byrne campaigned against illegal naked short selling and has been an advocate for cryptocurrencies with Overstock.com being the first major online retailer to accept bitcoin in 2014. He was named Entrepreneur of the Year by Ernst & Young and has also served as the chairman of EdChoice and an investigative journalist.

Byrne took a leave of absence in 2016 for health reasons and resigned in 2019 after allegations of him being in an intimate relationship with Maria Butina along with controversial comments he made.

In September 2019, Byrne announced his intention to sell all of his shares in Overstock, roughly 4.8 million shares, or 13% of the company. The sale generated $90 million in pre-tax proceeds with the remaining 87,000 shares gifted to an unnamed entity.

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