Buy My House star Glenn Kelman has been in the property industry his entire career; as a result, he has managed to bag himself an impressive net worth of $52.31 million in 2022. Kelman has approximately 1,181,502 shares of Redfin Corp common stock. He earns a five-figure salary as the Chief Executive Officer of Redfin Corp. The fans want to learn more about Redfin founder and CEO Glenn Kelman’s wiki, and bio, plus details of the house he’s currently residing in.
Glenn Kelman serves as President, Chief Executive Officer, and Director of Redfin Company. He has been a member of the board of directors since March 2006. Mr. Kelman has been President and Chief Executive Officer since September 2005. He previously served as Vice President of Marketing and Product Management at Plumtree Software, which he co-founded. Moreover, he helped co-found Plumtree Software in 1997.
The successful American businessman and investor played all the right cards to become the CEO of Redfin and co-founder of his company. All of his accomplishments and celebrity prompted him to star in his first reality television show, Buy My House, a Netflix streaming program similar to Shark Tank.
The only difference is that people here are selling their homes rather than their businesses, and Glenn negotiated deals with three real estate moguls on this show: Pamela Liebman, Brandon Copeland, and Danisha Danielle Wrighster. He has come a long way, from dropping out of school to hiring agents; let’s look at his life-changing actions, salary, and net worth.
Glenn Kelman’s Net Worth: How Much Is the Buy My House Star’s Salary in 2022?
Glenn Kelman, the Chief Executive Officer of Redfin Corp, is estimated to have a net worth of $52.31 million. Moreover, the 51-year-old earns approximately $1.5 million as the organization’s president, CEO, and head. His company, Redfin, has a market capitalization of about $1.2 billion. Furthermore, as of December 2021, the organization had generated more than $1.7 billion in revenue.
Kelman has approximately 1,181,502 shares of Redfin Corp common stock. Glenn Kelman has sold an estimated $33.02M in the last three years at Redfin Corp. On February 21, 2019, Glenn Kelman’s largest purchase order was 25,532 units worth over $499.5K.
On August 14, 2021, Glenn Kelman’s largest sale order was 90,000 units worth more than $4.95M. Glenn Kelman has completed approximately 18 transactions during their three years at Redfin Corp. The most recent transaction was a sale order for 45,000 units in 2022, valued at over $540.69K.
Moreover, the Buy My House alum earns a total base salary of $63,132 as Chief Executive Officer of Redfin Corp. He received approximately $63,609 in compensation after being appointed Chief Executive Officer in 2020. The majority of their compensation came in the form of a $477 bonus. His total compensation at Redfin Corp as President, Chief Executive Officer, or Director is $1,082,280. 5 executives at Redfin Corp are paid more, with Christian Taubman earning the most at $1,864,030.
Glenn Kelman, Redfin Corp’s most recent insider trader, sold 45,000 units worth $540.69K on August 17, 2022. Insiders at Redfin Corp have sold shares worth an estimated $115.44M and purchased shares worth an estimated $13.46M in the last 5 years.
Insider trading is most common in June, with 2021 being the busiest year. Adam Wiener, President of Real Estate Operations, Bridget Frey, Chief Technology Officer, and John Christopher Nielsen, Chief Financial Officer are the company’s most active traders.
According to Form 4 filed with the SEC, Glenn has made over 15 trades of Redfin Corp stock since 2019. He most recently sold 45,000 shares of RDFN stock worth $540,900 on August 15, 2022. The largest trade he’s ever made was exercising 180,313 Redfin Corp stock options on May 11, 2021, for a total of $64,913.
Glenn has traded approximately 59,769 units every 71 days on average since 2019. He still owns at least 1,181,502 Redfin Corp shares as of August 15, 2022.
Glenn Kelman’s Early Life, Parents & Wife!
Glenn Kelman (@Glenn Kelman) was born in 1971 in Seattle to parents Linda and Lloyd Kelman. He had a twin brother, Wesley Kelman; they were his primary influences. They gave him the confidence to be himself, and his brother laughed along with him and was always by his side, encouraging and supporting him. He began his education at Interlake High School in Bellevue, where he excelled in soccer and was named captain of the chess team.
Meanwhile, he had no plans to start a business when he graduated from Berkeley in 1993 and enrolled at the University of California; he was accepted into medical school at Columbia, where everyone assumed he would become a doctor. But he didn’t go because he wanted to be a lot of things at once; he wanted to be an investment banker or a writer; he even worked as a dishwasher; however, in 1998, he decided to start his own business.
Looking at his personal life, Glenn is delighted to be married to Sylvia Lee Kelman, whom he has been with for a long time. Glenn met his love many years ago, and it was love at first sight. When he asked her out, she said yes. They began dating after a few dates and were together for several years before Glenn decided he wanted to spend the rest of his life with Glenn.
Glenn proposed to Sylvia in such a sweet way that she cried as she said yes. The couple later married in a private but fancy ceremony attended by close friends and family. However, the couple is yet to have kids.