Tony Hsieh, tycoon and on-line commerce guru, dies at 46 in home fireplace

Tony Hsieh, tycoon and online commerce guru, dies at 46 in house fire

The former CEO of retired last summer after selling his company to Amazon for nearly $ 2 billion.

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29, 2020

3 min read

This article was translated from our Spanish edition using AI technologies. Errors can occur due to this process.

Businessman Tony Hsieh, former CEO of clothing and shoe store, died last Friday of a house fire, as confirmed on the official website of the company he founded.

The accident that killed the 46-year-old billionaire occurred on November 27th in Connecticut, USA. No further information was given about the cause of death or the circumstances of the fire. All that is known at present is that Hsieh was visiting his family.

The late businessman sold to Amazon for $ 1.9 billion in 2009. However, he stayed on as CEO until last August when he decided to retire. After 21 years as managing director of the company, Tony left everything to live in a mobile home in La Vegas.

Kedar Deshpande, the current CEO of Zappos, lamented the loss through a statement posted on his website and social media.

“The world has lost an enormous visionary and an incredible person. We recognize that not only have we lost our inspiring former leader, but many of you have also lost a mentor and friend, ”the statement said. "Tony's kindness and generosity touched the lives of everyone around him as his mantra was to impart happiness to others."

It is with a very heavy heart that we share some very sad news, as we learned that Tony passed away today (11/27/20). The world has lost an enormous visionary and an incredible person. We acknowledge that …

– (@Zappos) November 28, 2020

Tony Hsieh, the son of Taiwanese migrants and trained at Harvard, founded the digital advertising company LinkExchange in his youth. In 1998 he sold it to Microsoft for about $ 265 million.

The following year, Hsieh invested in Zappos, a pioneer in online sales. In 2009, Amazon bought the company for more than a billion dollars, but kept its creator at the helm.

The businessman was a major investor in DTP Companies, a company responsible for restoring downtown Las Vegas. The Las Vegas Review Journal notes that Tony poured a fortune into the project to help fund restaurants, startups, and other businesses.

The author has also been a point of reference in the world of online business as he managed to get people to buy shoes online when it wasn't the custom and few were successful.

Hsieh was known for his special way of running the company, as for many years he had opted for a structure without hierarchies and for the reduction of all management positions. He has anchored his philosophy in the book "Delivering Happiness", in which he shows the importance of caring for customers and employees alike.

Rest in peace.