How Much Is Glenn Kelman Net Worth? Redfin CEO's Income Discussed

Glenn Kelman, President, and CEO of Redfin talked about his successful company.
Glenn Kelman, President, and CEO of Redfin talked about his successful company.( Source : meaninhindi )

The American entrepreneur well as Investor Glenn Kelman was born in Seattle and is the CEO of the full-service real estate company Redfin.

Glenn Kelman was born in Seattle, Washington, in 1971 to parents Linda and Lloyd Kelman. Even before becoming CEO of Redfin he already was VP of Marketing & Product Management at Plumtree Software and project manager at Stanford Technology Group.

Recently, the CEO of Redfin, Glenn Kelman who has a solid understanding of the US housing market's realities has recently appeared on the new Netflix program "Buy My House" to break into the world of real estate reality TV. Now he knows the reality TV version. 

Real NameGlenn Kelman
ProfessionEntrepreneur, Investor
Date Of Birth1971
Birth PlaceSeattle, United States
NationalityAmerican

Career Of Kelman At Redfin

Kelman joined Redfin in 2003 as COO. He became CEO in 2007 and in the years since has overseen a period of rapid growth.

Glenn Kelman career at Redfin
Glenn Kelman career at Redfin ( Source : sfchronicle )
He helped the company double its revenue in 2016. In 2018, the company had $1.4 billion in revenue. It expects to grow to $2 billion in sales in 2020. Redfin is a real estate brokerage company. The company has attempted to shake up the real estate industry.

In 2016, they attempted to offer free real estate agent services. That plan was rejected by the FTC. They also had a partnership with Zillow that ended in 2018. That deal cost the company $13 million.

Conclusion

It’s easy to think that Glenn Kelman is a billionaire. Mr. Kelman doesn’t have a public profile and isn’t as well-known as other billionaires, like Jeff Bezos.

Redfin is a company that owns an entire real estate brokerage. It is backed by Amazon and the Gates Foundation. The company is based in Seattle, but it also operates in some other states. It is trying to help consumers find real estate agents and save money on their home purchases.

It is considered a disruptive force in the real estate industry. Redfin is just one example of disruptive innovation. The company has been in the news recently because it has been working on a new way to purchase real estate.

How Much is Glenn Kelman Net Worth?

Glenn Kelman, the CEO of a Seattle-based real estate company net worth estimated by wallmine.com to be around $43.5 million as of August 2022.

Glenn Kelman, stock trading history and Kelmans net worth
Glenn Kelman, stock trading history and Kelmans net worth ( Source : landscapeinsight )

Kelman claims to possess more than 45,000 shares of Redfin Corp., which are worth over $9 million, and he has sold shares of the company for more than $33 million over the last four years.

He also receives $1,082,280 in compensation for his duties as president, CEO, and chairman at Redfin Corp., according to the company website, which is about 500 to 1000 times greater than the average American household.

Related: Jwan Yosef Net Worth, Everything To Know About Swedish Painter

Kelman Salary: How Much Does Redfin Pay Employees

Kelman has not released salary numbers for all employees at the company but Redfin aspires to be the best employer in the real estate industry.

Glenn Kelmnn, Career at Redfin
Glenn Kelmnn, Career at Redfin( Source : newsfastline )
The average yearly salary at Redfin is $99,178. At Redfin, salaries range from $48,041 to $151,722 on average each year. The highest paid Redfin employees are those with the title Software Engineer, who make an average yearly salary of $111,270. 

It is safe to conclude that some employees are making above $433,333 in 2018. The lowest paid Redfin employees are those with the title Real Estate Agent, who make an average yearly pay of $39,563.


More from Businessman

Martha Stewart Daughter Alexis Stewart Talks About Her Relationship

Businessman
An American Businesswoman Martha Stewart's Daughter, Alexis Stewart ( radio personality) Is Enjoying Her Single Life. [image-1] Alexis Stewart is a 57-year-old American television host and radio personality who is the only child of American businessw...

Everything About Jamie Salter's Family & Children

Businessman
Jamie Salter is a 59 years old Canadian billionaire businessman who is the founder, chairman, and CEO of the Authentic Brands group. An American brand development and licensing company in New York City. Initially, when he was not involved with the Au...

What Happened To KidsLuv From Shark Tank? Company Net Worth Details

Businessman
Ashi Jelinek, an entrepreneur pitched her brand, Kids Luv on Season 11 of Shark Tank in an attempt to provide healthier drinks to the kids.  Kids Luv is a beverage focused on kids that has zero percent sugar in it. It is a great drink for parent...

Meet Robert Kraft - 5 Facts About The CEO of the New England Patriots

Businessman
Robert Kraft is the CEO, founder, and chairman of the Kraft Group.  He is an American Businessman, investor, and benefactor. He was born on June 5, 1941, in Brooklin Massachusetts, United State. He is also the owner of the New England Patriots g...

Martin Lorentzon Net Worth - How Did He Get So Much Rich?

Businessman
  Martin Lorentzon Net Worth - How Did He Get So Much Rich? [image-1] Martin Lorentzon is a Swedish Entrepreneur.He is the co-founder of Tradedouble and Spotify.He was born on 1st April 1969, in the village of Asenhoga, Sweden.Loren's mother wor...