Home » Glenn Kelman Net Worth: The Wealth of Redfin’s CEO

Glenn Kelman Net Worth: The Wealth of Redfin’s CEO

by Mahmood Rehan
Information
Net Worth$50 million
Date of Birth1971
Place of BirthUnited States
ProfessionBusinessman
Height5.9 ft (1.75 m)
GenderMale
SpouseSylvia Lee Kelman
Children1
NationalityUnited States of America

Glenn Kelman, the American technology executive currently at the helm of Redfin, a prominent real estate brokerage and search engine, has been a game-changer in the real estate industry. In this article, we delve into his life, career, achievements, family, sources of income, net worth, lifestyle, and more. Let’s explore the man behind the success of Redfin.

Short Bio – Famous For

Glenn Kelman is famous for being the CEO of Redfin. Born in 1971, he holds a bachelor’s degree from the University of California at Berkeley. Kelman’s journey with Redfin began in 2005 when he joined the company, and he eventually assumed the position of CEO in 2007.

Redfin Corp is a residential real estate broker with a unique approach. They combine their agents with technology to offer a faster and more cost-effective service. They connect with customers through their listings-search website and mobile application. Additionally, the company provides mortgage loans and title and settlement services, generating a significant portion of its revenue from real estate services.

Career & Achievements

Glenn Kelman’s career at Redfin, marked by notable achievements, showcases his rise to prominence within the company. Here’s a detailed account of his career and the recognition he has received:

  • Elevation to CEO: His dedication and contributions to the company led to a significant milestone in his career when he assumed the role of CEO in 2007.
  • Entry into Redfin: Kelman joined Redfin in 2005, marking the beginning of his journey with the company.
  • 25 Most Influential People (2009): His journey to becoming a key figure in the industry began in 2009 when he was named one of the 25 Most Influential People in Real Estate by Realtor Magazine.
  • 100 Most Influential People (2013): In 2013, Kelman’s contribution to the real estate industry was officially recognized when he was named one of the 100 Most Influential People in Real Estate by Inman News.
  • Top 100 CEOs (2017): In 2017, Kelman’s reputation as a top-tier executive was solidified as he was named one of the Top 100 CEOs in Glassdoor’s Employees’ Choice Awards.
  • Most Admired CEO (2018): In 2018, he achieved another significant milestone when he was named one of the Most Admired CEOs by the Puget Sound Business Journal.
  • Media Appearances: His influence extends to various media publications. Kelman has been featured in esteemed publications such as The Wall Street Journal, The New York Times, and Forbes, reflecting the industry’s recognition of his expertise.
  • Recognition in 2021: In 2021, Glenn Kelman’s impact in the real estate industry was acknowledged when he was named one of the Top 50 Most Powerful People in Real Estate by the Swanepoel Power 200.
  • Insiders’ Transactions: Over the last six years, insiders at Redfin Corp have been actively involved in the company’s shares. They have sold shares estimated at a total value of $118.8 million and bought shares estimated at a total value of $16.04 million.
  • Insider Trade at Redfin: Notably, Redfin Corp saw its most recent insider trade on September 18, 2023, conducted by John Christopher Nielsen, who sold 10,000 units valued at $84.24K.

Glenn Kelman’s career has been nothing short of remarkable, characterized by a consistent upward trajectory and numerous accolades and acknowledgments from the real estate and business communities.

Family

Glenn Kelman’s family has been a significant influence in his life. His parents, Linda and Lloyd Kelman, played a pivotal role in shaping his character, instilling self-assurance, and fostering his uniqueness. Glenn’s twin brother, Wesley Kelman, was his constant companion, motivating and supporting him throughout his journey.

Glenn Kelman is married to Sylvia Lee Kelman, a Medical Hematologist-Oncologist in Seattle, Washington, who specializes in the diagnosis, treatment, and prevention of blood diseases. They share a son named Oscar Kelman, born on November 18, 2010. The couple has chosen to keep their marriage private, adding an air of mystery to Kelman’s personal life.

Sources of Income

Glenn Kelman age
Photographer: David Paul Morris/Bloomberg via Getty Images

Kelman’s primary source of income stems from his role as the CEO and President of Redfin. Under his leadership, the company has seen remarkable success. His previous positions at tech companies, including Plumtree Software, where he served as Vice President of Marketing, have also contributed to his wealth. He co-founded Plumtree Software, which indicates his entrepreneurial prowess.

Net Worth Figure and Rankings

Glenn Kelman boasts an estimated net worth of $50 million. This impressive fortune reflects his significant impact on the real estate technology industry. His leadership at Redfin, an online real estate brokerage, has been instrumental in the company’s growth since he joined in 2006. Prior to his role at Redfin, Kelman held senior positions at Plumtree Software and Bain & Company, further enhancing his financial standing.

Lifestyle and Expenses

Beyond his professional endeavors, Kelman is an active philanthropist. He generously supports various charities and organizations focused on education and the tech industry. He also takes on the role of a mentor to aspiring entrepreneurs and startup founders. Glenn Kelman’s life has been marked by a wide range of interests, including writing, investment banking, and even a stint as a dishwasher. His journey has been one of constant evolution and adaptation.

Conclusion

Glenn Kelman’s journey from his early days to becoming the CEO of Redfin is nothing short of inspiring. His career achievements, philanthropic endeavors, and the mystery surrounding his personal life make him a truly fascinating individual. With a net worth of $50 million, he has not only transformed the real estate industry but also made a significant impact on the tech world.

FAQ’s

1. Who is the CEO of Redfin?

Glenn Kelman is the CEO of Redfin, a prominent real estate company. He took on this role in 2007 after joining Redfin in 2005. His remarkable career has earned him recognition, including being named one of the Top 50 Most Powerful People in Real Estate in 2021. His leadership at Redfin has left a significant mark on the industry.

2. Who is the wife of Glenn Kelman?

Glenn Kelman’s wife is Sylvia Lee Kelman. They maintain a private personal life.

3. What is the age of Glenn Kelman?

Glenn Kelman’s age is currently around 52 years old.

Featured Image Credits: Chris Goodney/Bloomberg via Getty Images

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