Jay S. Walker Biography
Jay S. Walker is an American inventor, entrepreneur and chairman of Walker Digital, a privately held research and development lab focused on using digital networks to create new business systems. Walker is also curator of TEDMED since 2011, and a founder of Priceline.com and Synapse Group, Inc.
Jay S. Walker Age
Jay S. Walker was born on November 5, 1955, He is 64 years as of 2019.
Jay S. Walke Wife
Walker married Eileen McManus on April 18, 1982, They have two children, She is a trustee for Cornell University, Chair of the Harvey School board and a former personnel executive at IBM.
Jay S. Walke Children
They have two children who are Evan and Lindsey,
Jay S. Walke Life
Walker was born on November 5, 1955, in Queens, New York, to Arthur, a real–estate developer, and Jeanette Walker, who had fled Europe at six to escape Nazi persecution. He cites his mother, a golf and bridge champion, as giving him his competitive drive
Jay S. Walke Career
Walker began his entrepreneurial career at a young age. At nine years old, he created and distributed his own newspaper, and at thirteen, he undercut the price of the canteen and sold candy to kids at summer camp. Walker’s mother died when he was eighteen.
While Jay S. Walker early business efforts were not promising, as a student attending Cornell University in Ithaca, New York, he routinely played the Parker Brothers game Monopoly and quickly became an expert at the secrets of winning. Although Parker Brothers had threatened him with a suit if he wrote a book about his secrets, Walker and a partner wrote one anyway, entitled, 1000 Ways to Win Monopoly Games.
The company did indeed sue, with legal fees eating up the $50,000 profit Walker made from the book. The suit was later dropped. Undaunted by this early setback, Walker obtained financing and began a weekly newspaper, Midweek Observer, in Ithaca, during a leave of absence after his junior year of college. The results were disastrous: Gannett, a leading publisher, ran his paper out of business, leaving Walker in debt to the tune of around $250,000, some sources say.
Jay S. Walker
Jay S. Walke Net Worth
In 2000, Forbes estimated his net worth at $1.6 billion.By October 2000, his estimated worth was down to $333 million.As of 2013, he is not on the Forbes list of the world’s billionaires.
Jay S. Walke Honors and Awards
- Yonkers Legend Award, 2002
- Direct Marketer of the Year, 1999
- Ernst & Young Entrepreneur of the Year, 1998
Jay S. Walke Facebook
10 Things You Didn’t Know about Jay Walker
His name is on numerous International Patents
Mr. Walker, who is an inventor, is named on over 450 International Patents both pending and issued. It makes the businessman one of the most prolific living investors. His company often collaborates with Fortune 500 companies to bring its inventions to the market or license innovations.
He made it to the Billionaire Club Quickly
Walker is one of the billionaires who amassed his wealth at neck-killing speed. After he founded Priceline.com, a website presenting different discount offering, he boasted of a $1.8 billion net worth (on paper, but never in assets) after just one year in early 2000. Sadly, the dotcom bust came to be. It was disastrous for the website because the share price for Priceline.com dropped down significantly. By October 2000, Jay’s name was no longer on the list of billionaires. At the time, his paper net worth was $333 million.
He is an Avid Book Collector
Jay S. Walker started his collection of books and historic artifacts long before his Priceline days. Jay had a significant success before Priceline, in new sub services, sold to Time Warner and renamed the Synapse group.
Jay is an Award Winning Billionaire
The serial entrepreneur has a couple of awards to his name such as:
Yonkers Legend Award, 2002
Direct Marketer of the Year, 1999
Ernst & Young Entrepreneur of the Year, 1998
Eventually sold his stake
One of the leading lights of the dot-com boom, Jay was the man behind the foundation of the highest flying internet firm. It introduced a one of a kind marketing method that the company called buyer-driven commerce. Here consumers would take advantage of the internet to name the cost that they would be willing to pay for specific products. Their offers would be accepted or rejected. Priceline.com started out by selling airline tickets and later expanded to the sale of groceries and gasoline. He later sold all his stake to Hong Kong Investors.
He started Business while still Young
B/orn on 5th November 1955 in Yonkers, New York, Walker always showcased his entrepreneurial spirit even at a young age. His mother’s family had fled from Germany to the United States just before the World War II began. Jay’s maternal grandpa then started a new life as a realtor in New York. As an adolescent, Walker had already started a business of hawking jelly, seeds, and candles door-door. Later, he started delivering newspapers in all types of weather using his bike to cover four miles.