Niraj Shah
Niraj S. Shah is an American businessman, and co-founder, co-chairman, and CEO of online retailer Wayfair.
Early life
Shah grew up in Pittsfield, Massachusetts, the son of immigrants from India. His grandfather ran a "steel manufacturing business in India, making pots and pans". His father worked for General Electric as a mechanical engineer, and after his retirement, joined Wayfair early on, providing financial advice, and still works for the company.Shah graduated from Cornell University, where he earned a bachelor's degree in engineering in 1995.
Career
Shah co-founded Wayfair in 2002 with his Cornell classmate, Steve Conine, and has been its CEO since its inception.Shah was included in the Fortune list of "40 under 40" for 2013.
Shah was a director of the Federal Reserve Bank of Boston from 2017 to 2019.
In May 2017, Wayfair's share price rose above $70 per share, making Shah and his co-founder Steve Conine both billionaires. As of April 2022, his estimated net worth was $1.6 billion.