Jonathan Oringer’s profile picture

Jonathan Oringer

Jonathan Oringer’s profile picture
Net worth 2018: $1 Billion
Industry: Technology
Residence: New York, New York
Country: United States
BirthDay: 2 May 1974
Sigh: Gemini
Education: Bachelor of Arts / Science, SUNY Stony Brook; Master of Science, Columbia University
BIOGRAPHY

Jonathan Oringer was bornon 2 May 1974 in New York, New York, United States. Jon Oringer started Shutterstock with $10,000 in 2003 and became New York's first tech billionaire 10 years later. He took the photo service public in 2012. The company started when Oringer noticed that email blasts of new products got more clicks when they included pictures, but stock photos were too expensive for advertisers to use. So he bought a camera, took 30,000 pictures and started a website that sold pictures for cheap. When users started downloading his photos faster than he could upload them, he hired contributors to take more pictures. The site now has over 30 million photos, 40,000 contributors and 2013 revenues of $235.5 million. A serial entrepreneur, Oringer had come up with one of the world's first pop-up blockers as a computer science graduate student at Columbia U. Oringer, who has since fallen out of the billionaire ranks as the stock dropped, rents an apartment in the West Village of New York City and flies his own helicopter.

NET WORTH STATISTIC
2014

$1.35 Billion

2015

$1 Billion

2017

$1 Billion

2018

$1 Billion

TIMELINE
2016

In March 2016 Shutterstock announced it would be distributing material from the Associated Press, and Shutterstock also debuted its Reverse Image Search tool, allowing users to find images based on "color schemes, mood, or shapes

2015

Penske Media Corporation formed a partnership with Shutterstock in June 2015, which gave Shutterstock an exclusive right and license to PMC's archive, which included magazines such as Variety, Women's Wear Daily, and Deadline

2014

Revenue was $328 million in 2014, an increase of 39% from 2013, and that year Shutterstock paid "over $83 million to its roughly 80,000 contributors

2013

Business Insider named Oringer the coolest person in all of New York technology in 2013

2012

Based in West Village in Manhattan, around 2012 Oringer became a certified commercial helicopter pilot

2011

Claiming it licensed more images than "any other brand worldwide" in 2011, that November Shutterstock debuted Shutterstock for iPad, which it provided for free

2009

"Oringer has been recognized with a number of business awards, and in 2009 he was selected 41st on the Silicon Alley 100, an annual list of the 100 most influential entrepreneurs, investors, executives, and technologists in Manhattan

2006

Shutterstock branched into film in 2006 with the launch of Shutterstock Footage, and expanded beyond subscriptions into a la carte pricing in August 2008

2003

Finding it difficult to find affordable generic stock photos online, in 2003 he purchased a Canon Rebel camera to take pictures for a new stock-photo marketplace that catered to advertisers and "microstock photography

1997

" After graduating with a BS in computer science and mathematics in 1997, from 1996 to 1998 he studied computer science at Columbia University, graduating with an MS

1993

Oringer started selling his own software products over the internet when he began attending Stony Brook University in 1993, inventing and selling thousands of copies of what Forbes describes as "one of the Web’s first pop-up blockers

1990

Oringer started his career while a college student in the 1990s, when he invented "one of the Web’s first pop-up blockers

1988

Attending Scarsdale High School from 1988 to 1992, by the age of fifteen Oringer was teaching guitar lessons for cash, later moving on to fixing computers out of his parents house when he realized it was more lucrative

1974

Jon Oringer was born in 1974 in Scarsdale, New York, where he spent his childhood

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