Craig Newmark Net Worth
Craig Newmark Net Worth: Craig Newmark is an American internet entrepreneur who has a net worth of $500 million. Craig Newmark was born December 6, 1952 in Morristown, New Jersey. He is best known for being the founder of the San Francisco-based international website Craigslist, a wildly popular classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés and discussion forums. Newmark launched the service in 1995 as an email distribution list to friends, featuring local events in the San Francisco Bay Area, before becoming a web-based service in 1996 and expanding into other classified categories. It started expanding to other U.S. cities in 2000 and currently covers 50 countries. After college, Newmark worked at IBM for 17 years as a programmer, moving from New Jersey to Boca Raton, Florida and then Detroit. In 1993, he moved to San Francisco to work for Charles Schwab where he was introduced to the internet, which was commercial-free at the time. He developed Craigslist as a free marketplace where people could come together—without charge—and exchange information (described as an "internet commune"). Newmark remains active at Craigslist in customer service, mostly dealing with spammers and scammers. He also operates Craigconnects, a site that publicizes charitable organizations to the media in an effort to gain assistance for that organization.