Tony Hsieh, retired Zappos CEO, dead at 46

Tony Hsieh, retired Zappos CEO, dead at 46

Tony Hsieh, the former CEO of online shoe retailer, has died. He was 46.

He passed away Friday in Connecticut, according to a statement from DTP Companies, an investment firm he founded in Las Vegas.

A lawyer for Hsieh told reporters he had died from injuries he sustained in a house fire. His exact cause of death was not immediately clear. Hsieh was reportedly with his brother in Connecticut at the time of the fire.

“With a heavy and devastated heart, we regret to inform you that Tony Hsieh passed away peacefully on November 27, 2020 surrounded by his beloved family,” DTP spokeswoman Megan Fazio said in a statement, TechCrunch reported. “Tony’s kindness and generosity touched the lives of everyone around him, and forever brightened the world.”

Hsieh was the epitome of a Silicon Valley tech superstar. He grew up in the Bay Area and sold his first company to Microsoft in 1998 at the age of 24. He then used the profits to start a Venture Capital firm that invested in a shoe retail site, according to TechCrunch.

The site eventually spawned Zappos, which sold to Amazon in 2009 for $1.2 billion.

He went on to found DTP in 2012. The company has acquired 45 acres of real estate in Vegas and invested $350 million in everything from real estate developments and small businesses to startups and health care, according to its website.

With Post wires


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