Zappos CEO Tony Hsieh has been admired for his commitment to “delivering happiness“ to others, but emerging reports have made it apparent that he may have had difficulty achieving it for himself.
Soon after the beloved entrepreneur’s passing on Nov. 27, business and local communities paid tribute to his legacy. But along with the celebration of his achievements, also came news of his struggles with depression and alleged substance abuse.
Former Zappos CEO Anthony Hsieh was trapped inside a storage unit during a fire in a Connecticut home and later died as a result of complications due to accidental smoke inhalation, police revealed on Monday.
The New London Police Department confirmed that the 46-year-old entrepreneur was trapped inside a storage unit during a fire inside a house at 500 Pequot Ave., New London, Connecticut on Nov. 18, according to CT Post.
Editor’s Note: This article has been updated to report that Tony Hsieh’s death has been ruled an accident on Monday.
Tony Hsieh, the entrepreneur known for selling Zappos to Amazon for $1.2 billion in 2009, passed away at 46 on Friday as the result of injuries he sustained in a Connecticut house fire. Hsieh was surrounded by family when he passed peacefully on Friday, according to CNN.
Online shoe and clothing shop Zappos once again managed to let their charitable efforts shine through after offering to pay for funeral costs of the Las Vegas shooting victims.
Zappos, run by CEO Tony Hsieh, has already started a $1 million fundraiser to support the families of the 58 victims who lost their lives on October 1.
The typical entrepreneur might think it’s smart to absorb business wisdom from the billionaires of the world (and it is), but for Tony Hsieh, founder and CEO of Zappos, it’s the seduction techniques commonly used by pickup artists that are helping him to grow his Downtown Project.
In a 2014 interview with Playboy, Hsieh explained how some of the techniques he’s been using to attract people to move to the Downtown Project, his Las Vegas-based entrepreneurial hub for small businesses and tech startups, are derived from books like Neil Strauss’s “The Game,” which Hsieh previously mentioned in a 2011 interview with the New York Times.
Most CEOs live lavishly with expensive sports cars, private jets, beautiful models, and million-dollar homes, but the CEO for Zappos lives in a Las Vegas trailer park and enjoys spending his time with Marley, the community pet alpaca.
Zappos CEO Tony Hsieh has a net worth of $840 million but finds expensive living quarters too private for his liking. Instead, Hsieh lives in a comfortable 240-square-foot trailer home in downtown Las Vegas where he pays a whopping $950 a month for rent.
Tony Hsieh is not a poor guy. From selling his first startup, LinkExchange, to Microsoft for $265 million and his second one, Zappos, for $1.2 billion, the 41-year-old boasts a reported net worth of $840 million.
With that kind of money, Hsieh could pretty much live anywhere he chooses. However he decided to move out of his luxury apartment and move into a trailer park last year with his pet alpaca Marley.