How much is Gary Vaynerchuk worth?
| Net Worth: | $300 Million |
|---|---|
| Profession: | Entrepreneur |
| Date of Birth: | 14 November 1975 |
| Country: | Belarus (American) |
| Height: | 5′ 7″ |
About Gary Vaynerchuk
In 2014, Vaynerchuk began answering questions posed to him via Twitter and Instagram on a show he called The #AskGaryVee Show, which is hosted on YouTube. The majority of the questions focus on issues relating to business, family, and entrepreneurship. The podcast served as the impetus for Vaynerchuk to write his fourth book, AskGaryVee: One Entrepreneur’s Take on Leadership, Social Media, and Self-Awareness which made it onto the list of best-selling books in The New York Times.
Resy, a mobile application for making reservations at restaurants, was co-founded by Vaynerchuk. In 2019, American Express purchased Resy. In addition, he was one of the co-founders of the vineyard Empathy Wines, which was eventually purchased by Constellation Brands in the year 2020. The non-fungible token series known as VeeFriends1 and VeeFriends2 were both conceptualized and first developed by Vaynerchuk.
At the age of 14, he joined the retail-wine business that his family owned. Following the relocation of his family, he completed his high school education at North Hunterdon. Mount Ida College in Newton, Massachusetts awarded Vaynerchuk a bachelor of arts degree in management science when he graduated from the institution in 1998.
Following his graduation from college in 1998, Vaynerchuk assumed management of Shopper’s Discount Liquors, which was owned and operated by his father. He changed the name of the shop to Wine Library, began conducting business on the internet, and in 2006 he founded Wine Library TV, a daily webcast on YouTube devoted to the topic of wine. He increased the annual revenue of the company from $3 million to $60 million during his tenure as CEO.
Vaynerchuk and his brother, AJ Vaynerchuk, established VaynerMedia, a digital agency with a concentration on social media, in the year 2009. Services relating to social media and online marketing strategy are offered by the company to Fortune 500 companies. VaynerMedia was recognized as one of Ad Age’s A-List firms in the year 2015. In 2016, VaynerMedia generated a total revenue of $100 million with a workforce of 600 employees. Additionally, the company collaborated with Vimeo to bring together filmmakers and brands to create digital content.
Between the years 2006 and 2011, Vaynerchuk was the host of a video blog on YouTube by the name of Wine Library TV (also known as The Thunder Show), which featured wine reviews, tastings, and wine recommendations. The first episode of the show aired in February of 2006. When the show reached the milestone of 1,000 episodes in 2011, Vaynerchuk decided to retire it and instead launch a video podcast titled The Daily Grape.
In 2010, Vaynerchuk debuted his show Wine & Web on the satellite radio channel Sirius XM. The show is programming included alternating segments about new wine tastings in a segment called “Wine of the Week” and coverage of gadgets, trends, and startups in a segment called “Web of the Week”. Crain’s New York Business selected Vaynerchuk as one of its 40 Under 40 in the year 2015.
In 2017, Forbes included Vaynerchuk on their list of the Top Social Influencers in the world. In 2017, Vaynerchuk established The Gallery, which was later renamed Gallery Media Group. Gallery Media Group is a subsidiary firm of VaynerX that includes a variety of media properties, including PureWow and the male-oriented news outlet ONE37pm.com.
Summing-Up
As the chairman of the New York-based communications company VaynerX and as the chief executive officer of the VaynerX subsidiary VaynerMedia, Vaynerchuk is arguably most recognized for his work in the fields of digital marketing and social media. In addition to that, he was a co-founder of Empathy Wines and the software company Resy, which specializes in restaurant reservation management. Initially well-known as a wine critic, he later developed the wine company his family owned.
