|Celebrated Name:||Patrick Byrne|
|Real Name/Full Name:||Patrick Michael Byrne|
|Age:||59 years old|
|Birth Date:||29th November, 1962|
|Birth Place:||Fort Wayne, Indiana, USA|
|Height:||5 feet 7 inches (172cm)|
|Children/Kids (Son and Daughter):||No|
|Is Patrick Byrne Gay?:||No|
|Net Worth in 2022:||$80 Million|
|Last Updated:||May 2022|
Patrick Byrne is an American businessman who is most commonly known for launching Overstock.com. From 1999 to 2019, Byrne led Overstock as the CEO and this was after leading two successful smaller companies.
However, he resigned as CEO after he was in an intimate relationship with a Russian spy and also future Russian politician.
Maybe you know about Patrick Byrne very well But do you know how old and tall is he and what is his net worth in 2022? If you do not know, We have prepared this article about details of Patrick Byrne’s short biography-wiki, career, professional life, personal life, wife, girlfriend, dating, divorce, kids, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.
Early Life & Biography
Patrick Michael Byrne was born on the 29th of November, 1962 in Fort Wayne, Indiana, USA. He was brought up in Woodstock, Vermont and Hanover, New Hampshire. His father, John J. Byrne, was a former chairman of GEICO insurance and White Mountains Insurance. These were subsidiaries of Berkshire Hathaway, which made him really good friends with Warren Buffett.
Byrne is a very well-educated individual. He holds a Bachelor of Arts degree in Chinese Studies from Dartmouth College, a certificate from Beijing Normal University and a Master’s degree from Cambridge University as a Marshall Scholar and a Ph.D. in philosophy from Stanford University.
Age, Height, Weight and Body Measurements
Being born on 29 November 1962, Patrick Byrne is 59 years old as of today’s date 4th May 2022. His height is 172 cm tall, and weight is 86 Kg.
Personal Life: wife, girlfriend, dating, divorce, kids
In 2019, Byrne announced that he had an intimate relationship with Maria Butina, a Russian agent. He also claimed that the FBI encouraged him to continue with the relationship. This caused a lot of fear among the insurers that might have pushed Byrne to resign as CEO. They feared his personality and public comments could have harmed the company.
Byrne also fought bouts with testicular cancer after his college graduation, but was able to recover in his 20’s.
In the spring of 1999, Byrne invested $7 Million for a 60% equity stake in a company called D2-Discounts Direct. He fascinated with the idea of online closeouts and after his investment, he took over as CEO and renamed it as Overstock.com.
In 2002, Byrne initiated an IPO of Overstock using the ‘Dutch Auction’ method. This was one of the first companies to use this method which allowed them to retain greater share of capital within the company.
Over time, Byrne became obsessed with short sellers and led a stellar campaign from 2005 against the short sellers. However, some of his employees thought that it distracted him from Overstock’s main business. His tenure at Overstock was plagued with a series of ambitious projects that were never completed.
In 2013, he began investing in cryptocurrency and blockchain, and became the first major retailer to accept Bitcoin as a form of payment. Byrne became to fixated on the technology aspect of the company that led them to making some big losses; like losing $316 Million over a period of two years.
Back to Byrne’s fight against short sellers, he said on a conference call with analysts that there are individuals that were determined to drop their stock price down to $6 – $10. He didn’t mention names but said the conspiracy involved hedge funds, journalists, investigators, trial lawyers and even the SEC.
Byrne has also been very active in politics. He was the largest donor in Utah’s political causes from 2003 to 2006, where he gave at least $676,500. During that time period, he was the fourth largest individual donor in Utah for the Republicans and the fifth largest donor for the Democrats.
In 2020, he was a supporter of Donald Trump’s claim that he had won the election against Joe Biden. He repeatedly promoted bizarre conspiracy claims about the 2020 election results in public rallies and on Twitter.
Still on conspiracy theories, Byrne preached his belief that the COVID-19 vaccines were meant to poison Americans or mess with their reproductive systems. He stated that the push of the vaccines has more to do with political benefits than individual health benefits.
Awards & Achievements
Patrick Byrne has not received any awards for any of his efforts.
Net Worth & Salary of Patrick Byrne in 2022
Patrick Byrne has had a successful yet somehow controversial career. He started out very well in 1999 with his investment in Overstock but over time he kept making wrong move after wrong move. However, this has not affected him seriously financially.
As of May 2022, Byrne has an estimated net worth of $80 Million which mainly comes from his time as the CEO of Overstock. After leaving Overstock, Byrne sold all his shares for a total of $90 Million and said he would invest in gold, silver and cryptocurrencies.
Patrick Byrne has had quite the career. His adult life has been a constant series of ups and downs that do not seem to end. We do wish him all the best in his future endeavours.