Craig Newmark Net Worth
Craig Newmark Net Worth: Craig Newmark is an American internet entrepreneur who has a net worth of $1 billion. Newmark is best known for founding the popular website Craiglist, and his net worth is largely a reflection of the site’s success. Outside of his work with Craigslist, Craig is a dedicated philanthropist. He remains somewhat involved with the operation of Craiglist to this day, mostly dealing with matters related to customer service and dealing with Life: Craig Alexander Newmark was born on December 6th of 1952 in Morristown, New Jersey. As a young boy, Craig was raised in a Jewish household and enjoyed science fiction novels and comic books. Tragedy struck the family when he was 13, as Newmark’s father passed away from cancer. He and his younger brother then relocated to Jacob Ford Village with his mother. A self-decribed nerd during his high school years, Craig excelled in physics, sang in the choir, co-captained the debate team, and was part of the honor graduating from high school, Newmark attended Case Western Reserve University. He studied computer science and eventually graduated with a Bachelor of Science degree in computing and information sciences. Craig then studied for two more years to earn his Master of Science degree in computing and information sciences, leaving the university in After graduating from Case Western Reserve University, Craig found work with IBM as a programmer and systems engineer. He remained employed with IBM for the next 17 years. Newmark then gained employment at companies like Bank of America and Sun Microsystems while working as a computer programmer. In 1993, he relocated to San Fransisco to work alongside Charles Schwab introduced Craigslist to the internet, Newmark started experimenting with different methods to create one of the first online communities. Craigslist started as an email list, and Newmark would send out information on upcoming events in San Fransciso to his friends. The email list soon grew, and Craig soon found himself including much more information in these nally, Craig decided to switch to a web-based directory rather than an email list, and was first launched in 1996. This was a place where people could simply exchange information without being charged money or being subjected to advertisements. During these early years, Craigslist was mostly a hobby for Newmark, and he continued to hold down his day job as a software 1999, Craig finally quit his job and began to focus all of his attention on his website. That year, he incorporated Craigslist as a private for-profit company. Although he initially acted as CEO, Newmark spent just one year in this position before stepping down. Jim Buckmaster became the new CEO. Since this point, Craig has distanced himself from actually running the company, preferring instead to respond to customer support inquiries and target scammers who use his platform for nefarious spite widespread reports that Newmark’s net worth exceeds the $1 billion mark, Craig stresses that he never structured his business for maximum profit. In fact, he states that he began the website for “minimal profit” and that “no one needs to be a billionaire. ” Newmark also points out that his “minimal business model” allows him to donate considerable amounts of money to 2011, Newmark founded craigconnects. This non-profit initiative aims to help other non-profits and public service organizations, and it most targets issues related to global poverty, the Middle East, veterans affairs, and low-income neighborhoods. In 2015, he launched another organization called Craig Newmark Philathropies. This acts as an “umbrella organization” that manages his various foundations. Over the years, he has donated millions of dollars to various organizations and initiatives, including those that support women in technology, journalism ethics, internet security, and much ttyPolitical Affiliations: Craig Newmark is a long-established donor to the Democratic Party. He has supported a number of Democratic presidential campaigns in the past, including John Kerry’s effort to become president. He also supported Barack Obama and the presidential campaign of Hillary Clinton. It’s worth pointing out that although Newmark has donated millions of dollars to helping the Middle East, he seems to have no qualms about supporting Democrats who have bombed many Middle Eastern countries into lationships: In 2012, Newmark married Eileen Whelpley. They split their time between San Fransciso and New York Estate: While most celebrities start their lives in rather modest residences, Newmark actually developed Craiglist from a rather attractive and sought-after San Francisco property. The three-bedroom Edwardian-style residence spans 1, 240 square feet of living space and was originally constructed in 1907. Craig left the residence in 2005, selling it for an undisclosed amount. However, the buyers quickly turned around and sold the property for $910, 000 in 2007. The new owners eventually invested in an extensive renovation, and the home was sold in 2018 for $1. 48 million. Because historic homes like this are so rare in San Francisco, the property sold for more than $100, 000 over the asking 2016, it was reported that Newmark had purchased a home in New York City for $6 million. The co-op is located in Greenwich Village, and the two-story duplex features three bedrooms, 11-foot ceilings, a wood-burning fireplace, and a wine room. A separate carriage house has been converted into a library with 18-foot ceilings. The building itself dates back to the 19th century.
Craig Newmark – Wikipedia
Craig NewmarkNewmark in 2011BornDecember 6, 1952 (age 68)Morristown, New Jersey, U. materCase Western Reserve UniversityOccupationPhilanthropistOrganizationCraig Newmark PhilanthropiesKnown forFounder of the website craigslistSpouse(s)Eileen Whelpley (m. 2012)
Craig Alexander Newmark (born December 6, 1952) is an American internet entrepreneur and philanthropist best known as the founder of the classifieds website craigslist. Prior to founding craigslist, he worked as a computer programmer for companies such as IBM, Bank of America, and Charles Schwab. Newmark served as chief executive officer of craigslist from its founding until 2000. He founded Craig Newmark Philanthropies in 2015.
Early life and education
Newmark, the son of Joyce and Lee Newmark, was born in 1952 in Morristown, New Jersey.  As a child, Newmark liked science fiction and comic books, and wanted to become a paleontologist.  Newmark’s mother was a bookkeeper and his father was an insurance and meat salesman. When Newmark was thirteen, his father died from cancer. His mother then moved him and his younger brother, Jeff, to Jacob Ford Village. 
As a teenager, Newmark attended Morristown High School, where he became interested in physics.  He wore taped together, black-rimmed glasses and a pocket protector.  In an interview, Newmark described his high school self as “possible nerd patient zero”.  During high school, he sang in the school choir, joined the physics club,  co-captained the debate team, and was in the honor society.  Newmark graduated high school in 1971. 
During his freshman year of college, Newmark began studying computer science.  He earned Bachelor of Science and Master of Science degrees in computing and information sciences from Case Western Reserve University in 1975 and 1977, respectively. 
Newmark is best known as the founder of craigslist. Prior to establishing the website, he worked as a contract computer programmer for companies such as Bank of America, Sun Microsystems, and others.  His first job out of college was with IBM, where he worked for 17 years as a programmer and systems engineer. During that time, he lived in Boca Raton, Florida, Detroit, and then Pittsburgh.  He moved to San Francisco in 1993 after accepting a position with Charles Schwab. There, a coworker introduced him to the World Wide Web— which at the time was still relatively free of commercials. 
In 1995, Newmark started emailing a list of upcoming events to a few friends to “cultivate a bit of community”.  Other people asked to be included on the list and as members grew, so did the kinds of information on the list.  Newmark launched in 1996, as a place where people could exchange information, mostly without charge.  He operated it as a hobby while continuing to work as a software engineer until 1999, when he incorporated craigslist as a private for-profit company.  In her book An Internet for the People: The Politics and Promise of craigslist, Jessa Lingel described
the website as “the internet ungentrified”.  In 2000, Newmark stepped down as chief executive officer and handed off the role to Jim Buckmaster. Since then, Newmark has not been involved in the “day-to-day operations” of craigslist.  As of 2018, he continued to respond to craigslist customer service inquiries, primarily dealing with spammers and scammers. 
In 2005, Time magazine listed Craig Newmark as one of the 100 people shaping the world. 
Newmark serves on the board of several non-profit organizations such as CUNY Graduate School of Journalism, Girls Who Code and Vets in Tech, among others. He also holds roles on the advisory boards of 18 other non-profits. 
As far back as 2004, Newmark was using his wealth to support philanthropic causes.  In 2006, The Guardian reported that Newmark was “readying his armoury of cash to invest in citizen journalism projects”.  He also donated $20, 000 to the non-profit, a group attempting to combine the work of amateurs and professionals to produce investigative stories on the Internet.  His philanthropic interests have also included environmental issues, as well as veterans affairs.  He reportedly dubbed himself “Nerd-in-Residence” while consulting for the Center for Innovation of the Department of Veterans Affairs.  In recent years, Newmark has directed his philanthropic efforts towards nonprofits working on journalism ethics and security, cybersecurity, and election integrity. 
In 2011, Newmark launched craigconnects, a non-profit initiative to support the efforts of other non-profits and public service organizations working in the areas of global poverty, the Middle East, veterans affairs, and low-income neighborhoods.  In 2015, he founded Craig Newmark Philanthropies,  which acts as an umbrella for his other foundations,  such as his private charitable foundation, to which he contributed $50 million in 2016 to support military families, voter registration efforts, and women in technology. 
In January 2017, TechCrunch reported that Newmark donated $500, 000 to Wikipedia’s attempt at “reducing harassment and vandalism on the site and improve the tools moderators use every day to keep the peace”. 
Between 2016 and 2020, Newmark donated $170 million to support journalism, combating harassment of journalists, cybersecurity, and election integrity. Donations he made include: $1 million each to ProPublica and the Poynter Institute in 2017,  $1 million to the Global Cyber Alliance, $150, 000 to Women in CyberSecurity, $250, 000 to PEN America, and $250, 000 to the Girl Scouts for cybersecurity programs. In September 2018, he gave $20 million to fund the creation The Markup, a non-profit news organization.  In 2018, Newmark’s donations totaled $143 million.  That year, Newmark donated $1 million to
Mother Jones to help the magazine combat fake news.  In 2019, he donated $6 million to Consumer Reports to fund a Digital Lab focused on consumer privacy rights and digital security.  Newmark made a $20 million endowment to the CUNY Graduate School of Journalism, which was subsequently renamed the Craig Newmark Graduate School of Journalism.  According to The Chronicle of Philanthropy, Newmark’s donations in 2020 included giving $1 million to the Anti-Defamation League, $388, 000 to the American Press Institute, and $350, 000 to the Feminist Majority Foundation and Ms. magazine.  Bloomberg News reported that Newmark donated $10 million charities focused on hunger issues in 2020, as well. 
Newmark gave $5 million to the Poynter Institute, which used the funds to establish the Craig Newmark Center for Ethics and Leadership. Newmark’s previous donation of $1 million to the Poynter established the Craig Newmark Journalism Ethics Chair. He also gave $10 million to Columbia University to establish a center for journalism ethics and security, as well as a professorship. 
Other examples of organizations and causes Newmark has supported include: OneVoice,  Sunlight Foundation,  Voto Latino,  the Center for Public Integrity, the Center for Investigative Reporting, PolitiFact,  Poynter Institute, Columbia Journalism Review and Girls Who Code.  The Center for Public Integrity, Columbia’s Tow Center for Digital Journalism, Wikimedia Foundation, The Ground Truth Project, and the Berkeley Graduate School of Journalism and Berkeley Center for New Media.  He has given $100, 000 to support wildlife rescue groups.  In 2015, he donated $10, 000 to Grow It Green Morristown for the installation of a composting toilet at the Early Street Community Garden. The facility was named “Craig Newmark Memorial Latrine #2”. The first toilet Newmark sponsored was in the City of Jericho. 
Newmark married Eileen Whelpley in December 2012,  and they enjoy birding together.  He splits his time between a house in San Francisco’s Cole Valley and an apartment in New York City’s Greenwich Village.  He flies commercial,  does not own a car, and prefers using public transport. 
Newmark describes himself as a non-practicing, secular Jew, joking that his rabbi was the late singer Leonard Cohen.  He is also a fan of Tori Amos, Lou Reed,  and the TV shows Pushing Daisies and The Simpsons. 
Newmark’s net worth is estimated to be in the hundreds of millions of dollars. In April 2020, Forbes estimated his net worth to be $1. 3 billion but he has since dropped off its billionaires list.  In an interview published by Nieman Lab in 2017, he called a prior $400 million Forbes estimate of his net worth “bogus” and said that “by monetizing Craigslist the way I did in 1999, I probably gave away already 90 percent or more of my potential net worth. “
Newmark opposed the Iraq War and believed White House journalists “failed in their jobs” and did not “speak truth to power”.  In 2014, he was one of 60 Democratic Party donors who urged the creation of a system of public election funding.  In 2016, Newmark joined with the progressive RAD Campaign and Lincoln Park Strategies to commission a poll examining user perceptions about social media conflicts during the 2016 election. 
Newmark supported former President Barack Obama, volunteered for him on the campaign trail as “official technology surrogate”, and praised Obama’s use of technology to promote grassroots democracy.  In the 2020 election, Newmark supported President Joseph Biden’s campaign, citing Biden’s “commitment to fighting corruption” and “record of standing up for our veterans”. 
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Craig Newmark Philanthropies
Media related to Craig Newmark at Wikimedia Commons
craigblog, Craig Newmark’s personal blog
Appearances on C-SPAN
Craig Newmark on Charlie Rose
Craigslist posts annual revenue of $1 billion: Study – CNBC
Founder of craigslist Craig Newmark attends The Rush Philanthropic Arts Foundation’s Annual Rush HeARTS Education Luncheon on March 11, 2016 in New York Bedder | Getty ImagesCraigslist could be raking in $1 billion a year, according to one researcher’s estimates, signaling strong growth for the online classifieds company despite new challenges from tech aigslist has seen threats to its core business in recent years, with the launch of Facebook Marketplace and in the wake of a congressional sex trafficking law that resulted in the removal of personal ads from Craigslist. Smaller mobile challengers like LetGo and OfferUp have also dented traffic to price hikes on in-demand ads have nudged annual revenue past $1 billion, according to AIM Media Group, a digital marketplace consulting estimates Craigslist brought in $1. 034 billion in 2018, an increase of nearly 50 percent from 2016 revenue — the most recent year for which AIM conducted its research. AIM projected annual revenue for Craigslist of just $7 million when it started studying ads in 2003. “Craigslist is the No. 1 classified advertising site in the world, both by revenue and by traffic, ” said founding principal of AIM Media Peter Zollman. “It’s stunning that a single site can generate $1 billion in revenue, with more than 99 percent of that coming from the United States. “Craigslist doesn’t disclose revenue figures, and the 50-person company is owned entirely by its founder, Craig Newmark, and CEO Jim Buckmaster. AIM estimates annual revenue by counting ad placements in representative aigslist declined to comment for AIM’s research and did not immediately return a request for comment from Facebook’s Marketplace takes on eBay, Craigslist
Frequently Asked Questions about craigslist creator
How much is the owner of Craigslist worth?
Craig Newmark Net Worth: Craig Newmark is an American internet entrepreneur who has a net worth of $1 billion. Newmark is best known for founding the popular website Craiglist, and his net worth is largely a reflection of the site’s success. Outside of his work with Craigslist, Craig is a dedicated philanthropist.
Is Craig Newmark a billionaire?
Newmark’s net worth is estimated to be in the hundreds of millions of dollars. In April 2020, Forbes estimated his net worth to be $1.3 billion but he has since dropped off its billionaires list.
Who owns Craigslist now?
But price hikes on in-demand ads have nudged annual revenue past $1 billion, according to AIM Media Group, a digital marketplace consulting group. The 50-person company is owned entirely by its founder, Craig Newmark, and CEO Jim Buckmaster.Jan 24, 2019