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Pierre Morad Omidyar (born Parviz Morad Omidyar on June 21, 1967) is a French-American philanthropist and wealthy technology entrepreneur. He is the founder and chairman of eBay, where he served from 1998 to 2015. Omidyar Network was created in 2004 by Omidyar and his wife Pamela, who are also philanthropists. With a net worth of $21.8 billion, Omidyar is the world’s 24th richest person, according to Forbes. As the leader of investigative reporting and public affairs news outlet Honolulu Civil Beat since 2010, Omidyar has been active in internet journalism. He stated in 2013 that he would create and fund First Look Media, a journalism company that would feature Glenn Greenwald, Laura Poitras, and Jeremy Scahill.
Omidyar began writing the first computer code for an online venue to permit the listing of a direct person-to-person auction for rare objects in 1995, when he was 28 years old. On Labor Day, Monday, September 4, 1995, he established an online business named Auction Web, which would ultimately become the auction site eBay, after creating a basic prototype on his own web page. The service was first advertised on Omidyar’s website eBay.com, which had a section dedicated to the Ebola virus and other issues.
A damaged laser pointer was the first item to be sold on the site. Omidyar was surprised that anybody would pay for a damaged laser pointer, but the buyer informed him that he was collecting faulty laser pointers on purpose. Then there were more shocks. As correspondents began to register trade products of inconceivable variety, the business boomed.
Omidyar formed the company, and the modest fee he received from each sale was used to fund the site’s development. The income quickly outstripped Omidyar’s pay at General Magic, and nine months later, he chose to focus entirely on his new business. eBay purchased PayPal, an online payment firm, in 2002.
They later split out PayPal in 2014, and Omidyar now controls 6% of the company. Omidyar’s 178 million eBay shares were valued about $4.45 billion in July 2008. In addition, Omidyar owns a stake in the Montage Resort and Spa in Laguna Beach, California. Omidyar is a member of the Berggruen Institute’s 21st Century Council as well. As part of a wider reorganisation of the firm, Omidyar stepped away from the board of eBay in 2020. However, he has remained engaged in the firm, holding the position of director emeritus. Honolulu Civil Beat, an online investigative reporting news service covering civic issues in Hawaii, was founded by Omidyar in 2010.
For three years in a row, the site has been voted Hawaii’s Best News Website. On September 4, 2013, Honolulu Civil Beat announced a collaboration with HuffPost, creating HuffPost Hawaii, the blog’s newest regional addition. Following the Edward Snowden revelations in 2013, Omidyar announced the formation of First Look Media, a journalism venture that began on February 10, 2014 with The Intercept and included journalists such as Glenn Greenwald, Laura Poitras, Jeremy Scahill, Dan Froomkin, John Temple, and Jay Rosen.
Personal Profile of Pierre and Pam Omidyar
- Name: Pierre and Pam Omidyar
- Date of Birth: Pierre Omidyar(21 June 1967 ), Pam Omidyar(NA)
- Age: Pierre Omidyar(53 years), Pam Omidyar(NA)
- Birth Sign: Pierre Omidyar(Cancer), Pam Omidyar(NA)
- Nationality: French, American
- Parents: NA
- Siblings: NA
- Birth Place/City: Pierre Omidyar( Paris, France), Pam Omidyar(NA)
- Profession: Businessman, Businesswoman
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