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Patrick Byrne

Patrick Byrne

Patrick Byrne is the founder and former CEO of Overstock.com, an e-commerce company that specializes in home goods and technology products. He served as the CEO of Overstock for two decades, from 1999 to 2019. Byrne attracted public attention for his legal battle against short sellers and "naked short selling”.

Personal Stats 

Age: 61
Source of wealth: founder and former CEO of an online retailing company Overstock.com
Residence: Pleasanton, California
Citizenship: American citizen
Marital status: unknown
Education: Dartmouth College (bachelor’s degree), King's College, Cambridge (master’s degree), Stanford University (Ph.D.)

Education

Patrick Byrne has a vast educational background, having acquired the following degrees:
  • A certificate from Beijing Normal University;
  • A Bachelor of Arts degree in Chinese studies from Dartmouth College;
  • A master's degree in Philosophy, Politics, and Economics from King's College, Cambridge. He enrolled there as a Marshall Scholar, which means that he received a special scholarship for demonstrating academic and leadership potential;
  • A Ph.D. in philosophy from Stanford University.
  • Byrne also worked as a teaching assistant at Stanford University between 1989 and 1991.

Career

Before founding Overstock.com, Patrick Byrne worked as the CEO of Centricity, a company that specialized in providing analytical solutions to businesses. He also joined his father's insurance company Geico as an administrative assistant.

In 1999, he established an online discount retailer, Overstock.com, which initially focused on surplus and returned merchandise. Their business model was based on stockpiling thousands of products and selling them at discount rates to customers. This led to noticeable growth in revenue, and the company became a major player in the e-commerce industry. In 2013, Byrne began investing in cryptocurrencies and blockchains. Overstock became the first major retailer to accept Bitcoin as a payment method.

In 2019, as a result of his affair with Russian agent Maria Butina, he was forced to resign his board seat and position as CEO of Overstock. However, Byrne himself claims that the decision was voluntary.

Net Worth

Byrne's net worth differs based on various sources. According to some of them, his wealth is estimated to be around $17 million in 2023, while other reports suggest a higher net worth of at least $75 million or even $130 million.

Political Involvement

Byrne has been involved in various political activities, particularly concerning the 2020 election. He played a significant role in promoting conspiracy theories and supported candidates who claimed that the 2020 election was not valid. Byrne attended a meeting at the White House in December 2020, where strategies to overturn the election were discussed. He has also been a supporter of Donald Trump and contributed to the anti-vaccination movement.

Personal Life

There is much conflicting and unverified information about Byrne's personal life on the internet. However, in 2019, he made public that he had a romantic relationship with Maria Butina, who was later sentenced to 18 months in prison for acting as an unregistered agent of Russia.

Social Media

Currently, Patrick Byrne does not have any public social media accounts. However, one can find many of his interviews on the internet.


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